NEXT   POST  JAN  2, 2012

ALSO  WISH YOU A HAPPY AND PROSPEROUS NEW YEAR

Advertisements

INDIAN STOCK MARKET VIEW FOR DECEMBER 27, 2011

DISCLAIMER: These notes/comments have been prepared solely to educate those who are interested in the useful application of Technical Analysis. While due care has been taken in preparing these notes/comments, no responsibility can be or is assumed for any consequences resulting out of acting on them.Trading in Stocks/Commodities/Futures Carry Risk.

S&P CNX NIFTY  ( 4,779.00)      +65.00       +1.38 %

The view expressed earlier holds good.Trail longs with a tight stoploss.

Nifty Daily Chart

 

INDIAN STOCK MARKET VIEW FOR DECEMBER 26, 2011

DISCLAIMER: These notes/comments have been prepared solely to educate those who are interested in the useful application of Technical Analysis. While due care has been taken in preparing these notes/comments, no responsibility can be or is assumed for any consequences resulting out of acting on them.Trading in Stocks/Commodities/Futures Carry Risk.

S&P CNX NIFTY  (4,714.00 )  -19.85   -0.42 %

Nifty broke from the falling channel on the daily and the upper targets of 4878 has opened barring a small resistance at 4819.Ofcourse the low of 4531 is a stop for any longs.

NIFTY DAILY CHART

 

 

On the Weekly chart you can see Nifty testing and taking support at the lower channel.

NIFTY WEEKLY CHART

Indian Stock Market View For December 22, 2011

DISCLAIMER: These notes/comments have been prepared solely to educate those who are interested in the useful application of Technical Analysis. While due care has been taken in preparing these notes/comments, no responsibility can be or is assumed for any consequences resulting out of acting on them.Trading in Stocks/Commodities/Futures Carry Risk.

S&P CNX NIFTY  (4,693.15 )   +  148.95     +3.28 %

As I said, expect sharp rallies, Nifty rallied up by 148 points.For short term speculators , a break above 4708 may take Nifty to 4878.This is because Nifty will break the short term down sloping channel.Trade with tight stop loss.I advocate standing aside.

 

 

INDIAN STOCK MARKET VIEW FOR DECEMBER 21, 2011

DISCLAIMER: These notes/comments have been prepared solely to educate those who are interested in the useful application of Technical Analysis. While due care has been taken in preparing these notes/comments, no responsibility can be or is assumed for any consequences resulting out of acting on them.Trading in Stocks/Commodities/Futures Carry Risk.

NIFTY  (4,544.20)       – 68.90           – 1.49 %

Nifty made a low of 4631.15  just short of the lower channel of 4505.Expect sharp short covering rallies anytime.If you are not short stand aside.Do not create fresh positions on either side.Fresh shorts can be created on rallies but only after confirmation of weakness.

 

INDIAN STOCK MARKET VIEW FOR DECEMBER 19, 2011

DISCLAIMER: These notes/comments have been prepared solely to educate those who are interested in the useful application of Technical Analysis. While due care has been taken in preparing these notes/comments, no responsibility can be or is assumed for any consequences resulting out of acting on them.Trading in Stocks/Commodities/Futures Carry Risk.

S&P CNX NIFTY   4,651.60   -94.75      -2.00 %

Weekly Nifty is moving in a falling channel and continuously making lower bottoms and lower tops.Nifty tested the lows of 4638 and made a low of 4628.5.A close below 4628.5 will lead to a test of 4505, the lower channel.All speculative longs if at all taken tomorrow should be protected by a stop of 4628.5 So until Nifty breaks this upper channel and closes above the channel, long is not advised.

NIFTY WEEKLY CHART

INDIAN STOCK MARKET VIEW FOR DECEMBER 16, 2011

DISCLAIMER: These notes/comments have been prepared solely to educate those who are interested in the useful application of Technical Analysis. While due care has been taken in preparing these notes/comments, no responsibility can be or is assumed for any consequences resulting out of acting on them.Trading in Stocks/Commodities/Futures Carry Risk.

S&P CNX NIFTY     4,746.35            – 16.90           – 0.35%

As I said a break and close below 4728 will usher bearishness, Nifty did break 4728 intraday and touched a low of 4673.85 i.e 50 points down from the given 4728 and then closed above it.Also there are volumes today and a spinning top. 4639 is the ultimate point as a stop on downside.The close above 4728 does not mean “Go Long” but stop “shorting” the market or cover short positions.