NIFTY WEEKEND ANALYSIS !!

                                           NIFTY WEEKEND ANALYSIS  (CLICK ON LINK)

ALSTOM, M&M AND TATACOMM

ALSTOM PROJECTS (APIL) HAS BREACHED MAJOR HURDLES AND INDICATORS SHOW A BIG JUMP IN A SHORT TIME - CMP 396 SL OF 379 TARGET 460 

M&M - MM IS TRADING ALMOST 3 % UP TODAY AND A CLOSE AT THE SIMILAR LEVELS SHOW THAT A MORNING STAR FORMATION MAY GIVE IT THE SENTIMENTAL BOOST IT HAS LACKED IN LAST 3 TRADING SESSIONS. STOCHASTICS AND OSCILLATORS SHOW A MOVE UP 780 IN FORESEEABLE FUTURE. 

TATACOMM - I HAVE BEEN TRADING TATACOMM UP AND DOWN ALMOST EVERYDAY. WITH BUDGET AROUND THE CORNER COMM CO's MAY GET THE RELIEF THEY HAVE BEEN LOOKING FOR. BUY WITH A SL AT 222 FOR TARGET OF 280-90 

TATA COMMUNICATIONS

POSITIONAL CALL : TATA COMMUNICATIONS IS CURRENTLY TRADING @ 239 (FUTURES) BUY WITH A SL OF DAYS LOWEST FOR TARGETS OF 260-70 . A MOVE ABOVE 245 SHALL SEE THE STOCK MEETING TARGETS IN NO TIME. 

DLF

DLF IS NOW TRADING AT ITS 78.6% RETRACEMENT AT 191.5 - OSCILLATORS AND VOLUMES SHOW SOME QUICK GAINS IN COMING DAYS - TRADE WITH A 4 RS SL FOR TARGET OF 215 IN NEAR TERM

TATA COMMUNICATIONS

TATACOMM is currently trading at 244.4 Oscillators show a downward move intraday - 

SELL 2 lots with a target of 236 - 234 SL 246

NIFTY UPDATES !!

LARSEN TOUBRO

NIFTY

DLF INTRADAY 08/02

DLF IS TRADING AT ITS INTRADAY RESISTANCE @ 236 FALL BELOW 234 COULD SHOW US UPTO 225.
TRADE WITH A SL @ 238

RANBAXY INTRADAY

RANBAXY IS TRADING @457 BREAK OF 451 COULD SHOW UPTO 442 INTRADAY - OSCILLATORS AND DIVERGENCE SUGGEST A NEGATIVE TREND SELL WITH A SL OF 461

NIFTY INTRADAY TRADING STRATEGY 02/07

NIFTY INTRADAY


Trade long if Nifty breaks 5400 (spot) for target of 5422, 5435 with a SL @ 5377 
Trade short below 5360 for targets of 5330. 5305  and 5290 with a SL @ 5385

M&M managed to breakout out its resistance and oscillators show an up-move. Buy Intraday for targets of 725-730

Buy above: 715.56   Targets: 721.9 - 728.63 - 735.39 - 742.19
Stoploss : 708.89
Sell below: 708.89   Targets: 702.6 - 695.98 - 689.4 - 682.85
Stoploss : 715.56

NIFTY TECHNICALS WEEK 6

The markets gained another 2 odd % points last week and the bulls managed to close the index over the 200 DMA. A closing above the 200 DMA is not generally considered bullish, a rather bullish scenario for the medium- long term develops when the 50 DMA crosses over the 200 DMA

The ruppee showed some amazing strength falling from 54 to 48.9 in just about a month. So, the ruppee jumps to 54 , government approves 100% FDI independent investments and markets rise.
So you send $100 to India @ 54 = 5400 RS. Buy back @ 49 = $110.2  
Gain = 10%
Not bad for a months work.

Now who else could import dollars into during such times could be your own guess. But what I would worry about is what the politicians will now do to keep this money in the country before outflow starts.
How about USD/INR = 56 or 58 ?  MONEY STAYS !!

I would  like to emphasize on the 50 % Gann retracement levels assuming the high of 6338 and a bottom of 4531 . 50% retracement level comes in at 5434

If we analyse the wave theory assuming that we are already in wave 5 a possible termination for  wave 5 at the 50 % level comes at 5422. The 3rd wave is now considered as extended and hence we should look for a normal impulse wave.

I am personally very bearish this week. Even though the US jobs and unemployment data has improved investor sentiment lets not forget that the EU bailout deal may steal the limelight and Greece as of now is not succumbing to the restrictions being imposed by the higher councils.

5420 - 50 now should be watched very carefully and no trades should be executed at these levels.

NIFTY WEEKLY