KEEP AN EYE ON BANKS ON 06-05-14

The call of LT given on Friday achieved first target.

NIFTY FUTURE OUTLOOK FOR TOMORROW

NIFTY   settled  at 6731 marginally lower in  a choppy trading session. The market edged higher in early trade. It trimmed initial gains and hit fresh intraday low 6111  in morning trade. It hovered in positive terrain in mid-morning trade. Index was  trading marginally higher 6777.80  in early afternoon trade The weekly chart has also given a sell signal this time. The import of both the bar chart and the candlestick chart--when viewed with weekly data—shows the possibility of further upswing .....

VOLATILE TRADING SESSION WITNESSED BY NIFTY

As we have predicted level 6550 gave a  good support.  Nifty started at 6575 and marched till 6587 in morning session ,but couldnot sustain the uptrend throughout the day. Nifty fell till 6522 in late trade and again recovered to settle at 6545. The index continues to scale up though with much less momentum compared to last trading session ...

NIFTY RETRACED A FALL TODAY

Sell Reliance future below 805 tg 799,796 sl 812

Buy Petronet future bove 117 tg 119.40,121.50 sl 114.80

RELIANCEINFRA CALL given in last post achieved first target today

NIFTY OUTLOOK FOR TOMORROW

Nifty could not sustain the level of 6140,it opened at 6127 and witnessed a downfall in rest of the trading session. Nifty made a low of 6088 in intraday trade. Nifty retraced a fall today, gave a expected breakout above the 6090 level. Range 6110-6130 is the supporting range for next trading sessions However, given the state of international markets this morning after the European and the American markets closed in the red....

NIFTY OUTLOOK FOR MONDAY

Buy JP Asssociats 47.50 call @1.50 tg 2.70,3.90 sl .80

The call of Tatasteel given in last post achieved all targets.

NIFTY OUTLOOK FOR TOMORROW

Buoyed by the sentiment surrounding international markets , the  Nifty  traded  firmly in the green throughout the day and ended at 6189 The moot point is whether it would sustain at those levels  in our view, it appears likely. In any case, staying above 6140 through  6150  the  Nifty does show signs of initial bullishness. If it manages to get past 6180 and stay above that by the time we would say that bulls have won the battle.....