The 30 share index, Sensex tanked 403.41 points, or 2.19%, to 17,998.41 in the week ended August 27, 2010. On the other hand, the broad based NSE Nifty plunged 121.95 points, or 2.20%, to 5,408.70 in the same period.

 Our Inhouse Quant Forecast in BLUELINE Superimposed on price chart clearly shows that Nifty futures  has topped out and is currently commenced a multi- weeks decline. One should be trading Nifty calls on the short side, any short rally should be used to short Nifty index futures.

Our anlaysis is incorrect,if Nifty takes out above 5550.

Click the url to find out the previous and latest    NiftyTrading calls from the Editors Desk 

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The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) fell 4.5 percent or 789.6 points to end at 16,769.11 points Friday.

The broader S&P CNX Nifty of the National Stock Exchange (NSE) too moved down and closed the week at 5,018.05 points, down 259.95 points or 4.92 percent.

The selling was rampant and spread across sectors. The BSE midcap index lost 4.88 percent, while the BSE small cap index shed 5.41 percent.

Across bourses, fear was palpable about the possible impact of the Greek crisis, triggered by potential debt default even after a proposed bailout by fellow Euro zone countries, that could engulf other countries and hit financial markets.

Our Inhouse Quant Forecast in BLUELINE Superimposed on price chart clearly shows that Nifty has topped out and is currently commenced a multi-week-month fall. The bearish trend to remain for 2010.

We were one of the early birds to warn on the impending Nifty trading top as  early as April 17. Do check the below link for previous calls.

Click the url to find out the  latest    Nifty Trading calls from the Editors Desk 

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NSE Nifty Index moved in a range of 109 points, from a high of 5,382, the index dropped to a low of 5,238, and finally ended with a loss of almost 100 points at 5,263.

Profit-taking took place mainly on account of nervousness ahead of the RBI credit policy review early next week. The markets expect the central bank to raise rates given the rising inflation. However, the quantum of rise is the main concern.

The markets were edgy right from the start of the week, and slipped lower as the week progressed. Among the index stocks – Hero Honda was the major loser – down nearly 7 per cent at Rs 1,920. HDFC, ICICI Bank, Reliance Communications, Sterlite, Mahindra & Mahindra and Larsen & Toubro were down 4-6 per cent each.

On the other hand, Infosys surged 4 per cent to Rs 2,786, following positive guidance for FY11. TCS too rallied nearly 3 per cent. Tata Steel and Hindustan Unilever were the other prominent gainers.

Market Technicals

Both Sensex and Nifty has made a lower high and low on the weekly charts, and ended fairly below its short-term support of 17,700. Going forward, this level is now going to act as a resistance. NSE Nifty is likely to gain downward momentum in the coming days.

NSE Nifty – Breadth Indicators 

NSE  Advance- Decline-Line has made a lower top making a clear case of divergence with NIfty index. Even the  NSE Net-monthly-high-lows too have peaked out which confirms Markets participants interest waning and confirms distribution at the top having completed and downward momentum to gain in the days to come.

Our Inhouse Nifty Trading System based on Quant Forecast in BLUELINE is Superimposed on price chart clearly shows that NSE Nifty Index has completed it Intermediate top at  5394  and has commenced a downtrend for the next few weeks. We advice readers to base their Nifty trading strategy on the short side. Same hold good for  stocks trading  based on technical analysis and refrain from trading positions/ Nifty stock tips  on the long side.

Click the url to find out the  latest    Nifty Trading calls from the Editors Desk 

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The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 16,256.53 points, shut shop at 16,191.63 points, down 136.21 points or 0.83 percent from its previous close.

RIL, SBI and ICICI Bank were among the main contributors to the weakness in the BSE India Sensex.

At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty ended at 4,844.9 points, against the previous close at 4,887.75 points, a loss of 0.88 percent or 42.85 points.

Broader markets were also in the red with the BSE India Sensex midcap index closing 1.41 percent down and the BSE India Sensex small cap index  ending 1.57 percent lower.

The stock market breadth was negative, with 796 stocks advancing, 2,018 on the decline and 65 remaining unchanged.

There were only four gainers on the 30-scrip BSE India Sensex: HDFC Bank, up 0.94 percent at INR .1,699.55; Maruti Suzuki, up 0.63  percent at  INR 1,370.30; ONGC, up 0.59 percent at  INR 1 105.65; and HDFC, up 0.51 percent at INR 2,487.70.

Top losers included Jaiprakash Associates, down 4.35 percent at INR.129.65; DLF, down 4.1 percent at INR 291.30; Reliance Communications, down 3.37 percent at INR 161.80; and Sterlite Industries, down 2.95 percent at  INR 745.85.

According to data available with the Securities and Exchange Board of India (SEBI), foreign institutional investors were net sellers Friday, having sold scrips worth USD 6.25 million.

Other Asian markets were in the red too. Chinese exchanges will reopen Monday after the week-long Lunar New Year holiday.

European benchmark indices were in the red after the US Federal Reserve’s decision of raising lending rates to banks made investors nervous.

The FTSE 100, the benchmark index of the London Stock Exchange, was ruling 0.35 percent lower at 5,306.41 points, while its German peer DAX was trading at 5,654.16 points, down 0.46 percent. The French CAC 40 index was also ruling lower at 3,724.19 points, down 0.63 percent.

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Indian markets ended choppy session on a lower note taking cues from subdued global peers. Profit booking emerged after a two rally as the indices moved near their resistance levels.

National Stock Exchange’s Nifty-50  closed at 4883.95, down 30.05 points or 0.61 per cent. The broader index hit a low of 4873.70 and high of 4922.05.

BSE Midcap Index was down 0.62 per cent and BSE Smallcap Index moved 0.48 per cent lower.

Amongst the sectoral indices, BSE India Sensex Realty Index was down 2.54 per cent, BSE Oil&gas Index slipped 2.07 per cent.

Losses on the BSE India Sensex were led by Reliance Industries (-3.29%), Sterlite Industries (-2.81%), Reliance Infrastructure (-2.26%), Jaiprakash Associates (-2.2%) and Reliance Communications (-2.17%).

Biggest BSE India Sensex gainers were HDFC Bank (1.99%), NTPC (1.46%), Bharti Airtel (0.68%), Hindustan Unilever (0.62%) and Infosys Technologies (0.6%).

Market breadth on BSE India Sensex remained negative with 1751 declines against 1063 advances.

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A benchmark index for Indian equities on Tuesday closed 188 points higher than its last close  helped by buying in blue chip  companies Infosys, ICICI Bank and RIL

At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty ended at 4,855.75 points, against the previous close at 4,801.95 points, a gain of 1.12 percent or 53.8 points.

Broader market indices also ended in the green, with the BSE midcap index ending 0.63 percent higher and the BSE smallcap index 0.54 percent up.

Metals, auto, IT and healthcare scrips rallied even as all 13 BSE sectoral indices ended among gains.

The Indian market breadth was positive, with 1,560 stocks advancing, 1,242 on the decline and 79 remaining unchanged. Banking stocks helped European shares post gains.

At closing bell here, the FTSE 100, the benchmark index of the London Stock Exchange, was ruling 0.84 percent higher at 5,210.74 points, while its German peer DAX was trading at 5,556.6 points, up 0.83 percent.

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Despite a strong surge in industrial output in December, equities are seen struggling a bit in early trades on the major Indian bourses this morning due to weak global cues.

The Nifty-50 index of the National Stock Exchange is down 12 points or 0.25% at 4,814.85.

A few stocks from midcap and smallcap segments are up with notable gains on selective buying interest.

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The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 15,807.75 points, rise to 15,892.37 points, up 101.44 points or 0.64 percent from its previous close at 15,790.93 points.

At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty-50 was at 4,745.65 points, against the previous close at 4,718.65 points, a gain of 0.57 percent or 27 points.

Broader markets were in the green as well the BSE India Sensex midcap index up 0.93 percent and the BSE India Sensex small cap index trading 1.25 percent higher.

The two major bourses, Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), are conducting a special 90-minute trading session Saturday to test NSE’s upgraded systems.

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The Nifty February future closed with 7 points discount.

Realty was the major loser and the respective Index tanked nearly 4%. DLF was down 4.4% and Unitech down 4.6%.

BSE Midcap Index was down 1.97 per cent and BSE Smallcap Index slipped 1.54 per cent.

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After a flat-to-positive opening, the index fell into the red due to profit booking. It continued to trade in a sluggish manner till noon.

The Global market slipped further on the back of aggressive sell-off witnessed across board,and negative opening of European market pulled down the sentiment.Finally, BSE India Sensex closed sharply lower after touching a low of 16,188.80 points.

At the close, the benchmark 30-share index, BSE India Sensex declined 271.10 or 1.64% at 16,224.95 with 27 components registering drop.

The broad based NSE Nifty went down by 86.50 or 1.75% at 4,845.35 with 45 components posting drop.

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