Gold analysis!!!

Gold is trading in a downside range!
closing below 29650 today have turned the sentiment negative.
Expecting the gold to touch the range of 29400-200!!
Level of 29550 crucial for intraday!!!

Nifty Analysis!!!

Nifty chart is forming a triangle.
Breakout toward any side will decide the short term trend.
Market will be trading in the range of (5090-5120)-5190.
Expecting a downside movement with a support around 5090 for tomorrow.

nifty anlysis!!

Today gap up opening was seen in nifty.
That gap is yet to be filled.
Market is ranging between 2090-5180 for past 5 days.
On daily chart difference between the gap of MACD is decreasing... indicating consolidation in coming days.
Closing above 5200 on daily basis will turn the trend to positive.
Sideways movement is expected for tomorrow.
crucial level are 5090-5150-5190.

Nifty analysis!!!

Market made a low of 5100 yesterday after disappointment of RBI action.
The market is still under a range bound and today it took a support at 5095.
Market If tomorrow fails to sustain the level of 5090 then nifty will can see the level of 5050-5010.
Expecting a positive move after sustainable opening of the nifty for tomorrow.

Nifty Elliott wave count and daily analysis!!!

Above chart shows the Elliott wave count of the nifty which currently have completed the ABC count.
Wave A was a ZigZag pattern, Wave B was a contracting Triangle and Wave C was divided into 5 subwave.
Now since the ABC pattern was completed the market started the Upside movement from the lower level of 4770.
Resistance at the level of 5200 and 5300 can be seen as per Fibonacci level.
Looking at ROC indicator which have crossed the downside indicating the Downside movement to be expected.
Closing above 5180-5200 which turn the trend positive for the market.

  

 The hourly chart show a range bound movement and break out of either side of the level will indicate the trend.
Support can be seen at 5090 and resistance at 5150.
Tomorrow opening above 5150 will give a positive movement and below 5150 will indicating weakness in the market.

Nifty Analysis!!

Market today made a low of 5090 as expected and bounced back.
Market sustaining the level of 5150 is crucial.
If market fail to sustain above 5150 then only positive movement can be seen in the
market otherwise downside movement is open.
If market close above 5190 (55 SMA) on weekly basis then only medium term sentiment
will be positive.
Tomorrow again level of 5090 can be seen.

Nifty Analysis!!

Market today moved sideways and end closing 16 point plus.
market made a high of 5140 and was resisting to go above that level.
Short term positive trend will be seen only if market closes above 5150.
Tomorrow nifty can touch the level of 5090.
MACD and ROC are showing divergence on hourly chart and consolidation can be seen in the market.
ROC on daily basis have crossed line downside which indicate downside as well.

Nify Analysis!!

Market today moved positive and closed above 5090 the resistance level.
Market seems to continue the trend and resistance at level of 5150 can be seen.
market is expected to move in the range of 5050 and 5150 in coming days for short term.
For few week there is no positive news for India market.
Increasing inflation, Declining GDP, increasing Fiscal deficit concerns, No cut in repo rates are the news
which are hurting the investor sentiment.
Market is rising due to the hope of positive global economy in EURO, china and USA.
Key upside level is 5180 and downside level is 4850 for medium term.
Investors should trade with proper stoploss as volatility can be seen in the market in coming days!

Nifty Analysis!!

1. Today market was expecting rates cut by RBI and negative response spoiled the market
   sentiment and market made a low of 5041 from a high of 5190.
2. Closing of nifty is at 5064, which is crucial for the market.
3. Market today closed out(below) of the 5 days range.
4. Level of 5070-90 is the resistance level where reversal of the market can be seen.
5. Downgrade of market by Fitch today was unexpected as well.
6. Tomorrow the market looks weak fundamentally as well and technically as well.
7. Support can be seen at a Fibonacci levels of 5030-4980-4930!!!!
8. However MACD is making a lower low whereas market have made a higher low which was
   indicating negative movement and that was been expected from the chart!
9. Market sentiments seems to be weak!
10. downside movement can be seen tomorrow in the market.

Nifty analysis!!!!!

Market today was choppy in few trading hours and after Inflation data the market
started a downside rally.
Market made a low of 5047 and closed at 5054 (23.6%  Fibonacci Retracement)
If market sustain this level then downside is yet possible in the market till 5010-20
levels.
The support of trendline which was near 5060 was breached and closing was below support
level.
Market seems to continue the downtrend tomorrow and level of 5010-20 can be seen in the
market.

Nifty analysis!!!!

Market today closed flat.
Divergence is seen on hourly chart which indicate a correction in the market,
First support will be seen at 5050-60 and then 5020-10!!!!
Positive Inflation data will help to sustain the market.
Resistance at 5120-30!!!
Gap up opening on 6th june need to be filled(level 4860)...
Flat closing to downside side can be expected tomorrow!!!!

Nifty analysis!!!

Nifty today made a low of 5015 and rallied upward movement after positive
IIP data as compared to last month!!!
market will face the resistance at 5120 and breaking of that level will lead a
rally till 5160-5170!!!
The Cut in the rates is likely to be seen as there is very low growth in the IIP data.
Capital good where -16.3% and Manufacturing were also down.
Support will be seen at 5000-5020!!!

Nifty Analysis!!!!

Nifty made a high of 5120 today and took a reserve from that level as it was expected and i did mentioned that
in my earlier post.
It seems like technical analysis knew that SNP is going to give a statement of downgrading India. (Just Like dat!!!)
Market seems to be sideways for coming days and coming data and RBI monetary policy will make a way for market.
Technically market seems to be correcting it self from this level.
Support will be seen at 5042, 4989, 4948 (Fibonacci Levels).

Stock view!!!

Hindalco
The stock seems to be negative yet.
The price of 115 can be seen in coming days.

JP Associate
The stock have reached the level of 55 SMA and 200 SMA.
Resistance of 70.
However good volume in the stock is giving indication of more positive movement.
price level of 74 can be seen.

ICICI Bank
The expectation of rates cut by RBI have boosted all the banks stock.
However many gap up opening was seen in the stock so downside can be seen in coming days
to fill those gap.

M&M
Resistance at falling trendline can be seen at price of 690.
If that price level is crossed and then it sustain there.. then there can be good upside to be
seen in the stock.

Nifty analysis!!!!

Nifty today touched 5059, the level of 200 SMA and 55 SMA.
If nifty break the level and sustain above this level then next resistance will be seen around 5100-5120.
today interest cut by .25 % in china boosted the upward trend of the market.
Support can be seen at 8 SMA 4920.

Stock view!!

Hindalco
Stock have reached at resistance of downward trendline.
If it sustain above 120 then a trend will continue else the price if
take a resverse then level of 114-115 can be seen again in the stock.

Jsw steel
The stock moved up today 3.74%.
downside was expected but stock moved with the market.
If the trend continues then the level of 672 can be seen.

Castrol
Stock took support at 200 SMA as specified in my earliar post.
ROC hav crossed towards upside indicating upside movement.
price of 510 can be few days.

Aurobindo pharma
if stock break the level of 112 on closing basis then upside movement can
be seen in thes stock.

Nifty analysis!!!

Today there was gap up opening, nifty opened at 4888 and railled 2.75% up!!!!
This gap is to be filled in coming days to v can expected a downside movement soon.
However the market made good movement of 133 pts.
this rally seems to be continued as it was shown in earliar chart the
expanded triangle formation is seen in the nifty chart and tgt of 5080 is still
open.
Volatilty can be seen tomorrow in the market.

Stock view!!!

Sterlite
Support is seen at current level with supportive volume.
resistance at falling trendline is seen.... breaking of that will
show a positive movement. tgt of 95-99 can be seen.

JSW steel.
downside risk can be still in the stock.
tgt of 550-560 is still open for the stock.

Hindalco,
level of 115 can be seen again in the stock tomorrow as trend is need of
correction.
If level of 115 is sustained then positive uptrend can be seen in the stock.


JP Associate
The stock sustained the level of 64 today,
Level of 70 can be seen in 2-3 days in the stock with
stoploss of 63.

Nifty Analysis!!!

Market today went up with positive global cues and it rebound back to the level of
4863 after touching a low of 4847.
Market seems to be moving in the side ways until positive global cues don't strike the Indian shore!!!
resistance at 4895-4925 for tomorrow.
support at 4830.

stock view!!!

JP associate
If stocks sustain above 64 in first few hours then the stock can reach the price
level of 67.

Sterlite
Pullback can be seen in this stock tomorrow as there was good support at lower level in this stock.
The level was support by good volume as well.

Jsw Steel
THe pullback in the stock today lacked supportive volume so wont be expecting the rise in the stock.
downside target of 550-560 is yet open.

Nifty analysis!!!!

Nifty today had a  gap up.. opening at 4777.
The market today turned positive after expectation of RBI rates cuts and good Monsoon season.
Market closed at 4858 the level which it is sustaing for many days.
MACD and ROC are showing a positive movement.
Tomorrow market can have a flat closing with sideways movement.

Stock view!!

ICICI bank
Gap up opening downside was seen in the stock on 31st may.
Daily chart is showing a negative trend, but hourly chart is showing positive sign.
If stock sustains the level of 775 then there can be some positive movement otherwise the stock seems to
move downside in coming days.

Castrol India
the stock is now at the level of 200 MA.
Some support can be seen in this stock in coming days.
Good volume will give a positive for the upside movement if seen any.

JSW steel.
Failing to sustain the upside movement.
level of 550-560 can be seen in coming days.

Mind tree
stock is trading between the range of triangle formation.
breaking of the range will direct towards the next movement.
range of 610-640 is crucial.

Hindalco
Upside trend can be seen in coming days in the stock.
The stock has sustain the level of 110-115 with good volume.
level of 135 can be seen after closing above 137.

Nifty Analysis!!!

If u look at the chart the ROC and MACD havnt broke the horizontal line 15-20 days.
On weekly basis the chart is taking support at 200 MA of 4822.
Price is forming into a Expanded triangle formation.
if nifty sustain the level of 4822 then a positive movement can be seen.

If we look at the current senario of GLobal Market there is no news that can pull the market up.
Negative data of US, China and Euro COuntries have surrounded the market.
Techinically if current level are supportive but if market fails to sustain then range of 4700-4600
can be seen.