GoldTradingCalls.com » Nifty – Sensex Trading

Nifty Tips| Nifty rises for second consecutive day on GDP data, global cues

Gold Trading — Thu, 01 Sep 2011 11:22:35 +0000

MUMBAI, Sep 01 Nifty trading benchmark indices rose for the second consecutive day, riding on stronger-than-expected growth data and gains in some overseas markets.

The S&P CNX Nifty regained its psychological 5,000 level while the BSE Sensex jumped 260.42 points, or 1.59%, to end at 16,676.74. The Sensex, which had touched an 18-month low of 15,848.83 on August 26, 2011, falling over 16% in a little over one month, has jumped 828 points, or 5%, in two trading sessions. The benchmark index had hit a recent high of 18,871.29 on July 25, 2011.

Equity strategists maintain that growth has cooled in other Asian nations like Taiwan, South Korea and Malaysia in the wake of sluggish US recovery and Europe’s debt crisis, which have hit demand for the region’s exports.

Pl check the url below on the series of weekly post on this Nifty trading Tips

Technical Vew point Begining last week, we have made things simpler for readers, we have incorporated a indicator overlaid in prices which gives the common investor the over all trend of the commodity/Indices/currency pair at a glance. As we see in the Nifty 4 Hourly price chart – Nifty is trading higher and is above the trend indicator ( in yellow) – a bullish indication.

Along with we have given the Cycle strenght indicator for Nifty – and the way to interpret is as long as the indicator vlaues is above 50% – a bullish ( strength) signal and below 50% reading indicated a bearish (weakness) signal.

As we see Nifty is showing strength at a positive 18% reading. The reading should improve on the back of Nifty continues to raise.

Do keep coming as we will start posting as we see trend reversals. Do click the url to find out the previous and latest post on Nifty trading Tips

www.GoldTradingCalls.com
Get that Winning Trading Edge on your side

Nifty Tips| Nifty trading commences intermediate rally after making a recent bottom 5532 levels

Gold Trading — Sat, 23 Jul 2011 08:20:32 +0000

MUMBAI, Jul 23 Nifty trading market today rose sharply on positive global cues and gain in banking shares. S&P CNX Nifty of the National Stock Exchange (NSE) rose 92 points or 1.67 per cent at 5,633. The 109.57-billion euro rescue package for Greece pepped risk appetite for equities and indices across Asia. Japan’s Nikkei Stock Average gained 1.2 per cent. Hong Kong’s Hang Seng Index jumped 2.1 per cent and China’s Shanghai Composite surged 0.2 per cent.

Going forward, markets will take cues from Reliance Industries earnings on Monday and the Reserve Bank of India’s tightening of policy on Tuesday. Economists are expecting RBI to pause the rate rise cycle when it meets on Tuesday, after raising these another 25 bps. The government has raised interest rates 10 times in the last one year to contain high levels of inflation.

Pl check the url below on the series of weekly post on this Nifty trading Tips

Our Vew point

As seen on the chart, Nifty has commenced an intermediate rally and should surpass the recent high 5740 achieved on 8th July and its on its way towards 5900-6000 levels . Click the url to find out the previous and latest post on Nifty trading Tips

www.GoldTradingCalls.com
Get that Winning Trading Edge on your side

Nifty Tips| Nifty trading lower ahead of earnings

Gold Trading — Tue, 12 Jul 2011 02:33:42 +0000

MUMBAI, Jul 12 Nifty trading began on a week note and ending the day lower and was trading in a narrow range of 5,620-5,645 on the downside since the opening. It seemed that markets are concentrating on earnings season, which will be kicked off with Infosys today.

Suresh Mahadevan of UBS believes negative earnings momentum is priced in. “We have revised our March 2012 Sensex and Nifty targets to 21,000 & 6,500 respectively.” he said.

The 30-share BSE Sensex was trading at 18,765, down 93 points and the 50-share NSE Nifty dropped 33 points to 5,628.

Infosys was down over 2% ahead of earnings. Second largest software services exporter is expected to post profit after tax of Rs 1,736 crore in first quarter FY12, a 4.5% fall as compared to Rs 1,818 crore in previous quarter, according to CNBC-TV18 estimates. TCS and Wipro lost 1-1.5%. The BSE IT Index fell 1.5%.

Financial companies’ shares too were putting pressure on the market. SBI, HDFC, HDFC Bank, PNB and Axis Bank were down 1-2%. ICICI Bank slipped 0.5%.

Pl check the url below on the series of weekly post on this Nifty trading Tips

Our Vew point

We believe with a convergence of multitude of Feb Ratios converging. CD= 0.707 AB and CD=0.786 BC ( ref chart). Nifty index should continue the minor correction over the next few days. Once the minor correction is over, Nifty should continue its intermediate rally upwards. Click the url to find out the previous and latest post on Nifty trading Tips

www.GoldTradingCalls.com
Get that Winning Trading Edge on your side

Nifty tips – Nifty Trading commences intermediate uptrend

Gold Trading — Sun, 10 Jul 2011 05:02:01 +0000

MUMBAI, July 10 Nifty trading had a volatile week and scaled pass 5,700 level mid-week to touch a high of 5,740-200 Day Moving Average on Friday. However, The CNP CNX Nifty was unable to sustain the gains and tumbled late afternoon on Friday due to selling in financial and mining shares. The S&P CNX Nifty declined 68 points, at 5,660 and the Sensex shed 220 points, at 18,858 on Friday. For the week, the Nifty advanced 34 points and Sensex was up 95 points. Both the benchmark indices closed up 0.5% for the week, clocking third consecutive week of gains.

Going forward markets will take cues from IT bellwether Infosys results on Tuesday. Analysts expect Infosys to reports dollar revenue guidance between 20-22% on back of strong volume growth and Earnings Per Share guidance of Rs 130-132 year-on-year

Technical View Nifty is on an intermediate uptread and should see more upside in the weeks to come. Traders may enter once the minor commenced on Friday is correction is over.

Pl check the url below on the series of weekly post on this Nifty trading Tips

www.GoldTradingCalls.com
Get that Winning Trading Edge on your side

Nifty Trading Tips-Bears taking charge toward support around 5000 levels

Gold Trading — Sun, 20 Mar 2011 13:20:24 +0000

MUMBAI, Mar 20 (www.GoldTradingCalls.com) Nifty trading took a further sharp downturn on spiking oil prices. The NSE Nifty closed at 5367.5 down 79.25 points or 1.46% and BSE Sensex ended at 17878.81 down 271.06 points or 1.49%.

Nifty is slowly gaining downward momentum and on the short term takiing support at 5232-5177 levels. ( previous pivots levels.)

We have been maintaining our bearish stand from our intermediate rally top achieved on Jan 3 2011. Pl check the url below on the series of weekly post on this Nifty trading Tips

We belive with a convergence of multitude of fib ratios ( not shown) would take Nifty index support at 5000 levels. For Elliott wave traders, a high probalility Nifty Elliott wave count has been shown on the chart.

Click the url to find out the previous and latest post on Nifty trading Tips

www.GoldTradingCalls.com
Get that Winning Trading Edge on your side

Nifty trading lower to take strong support around 5177-5077 levels for week ending Mar 4th 2011

Gold Trading — Sat, 26 Feb 2011 17:45:32 +0000

MUMBAI, Feb 26 (www.GoldTradingCalls.com) Nifty trading began on a week note and ending the week lower by 2.8 percent on account of concerns over the rising global crude oil prices and also due to increasing tensions in the Middle East that might stoke up domestic inflation.

Global crude oil prices, which has crossed $100-mark a barrel and with India imports over 70 per cent of its oil requirements and that will have a cascading effect on the economy when the country is already battling high inflation.

Traders and investors preferred to play safe ahead of the Union Budget to be announced on February 28, which might give direction to the market either side.

We have been maintaining our bearish stand from our intermediate rally top achieved on Jan 3 2011. Pl check the url below on the series of weekly post on this Nifty trading Tips

We belive with a convergence of multitude of Cycles converging during the next week ( not shown) , Nifty index should take a strong intermediate support around 5177-5077 levels. For Elliott wave traders, a high probalility Nifty Elliott wave count has been shown on the chart.

Click the url to find out the previous and latest post on Nifty trading Tips

www.GoldTradingCalls.com
Get that Winning Trading Edge on your side

Nifty Futures on losing streak till Feb end 2011 initial support at 5379-5356 levels

Gold Trading — Sun, 30 Jan 2011 07:06:45 +0000

MUMBAI, Jan 30 (www.GoldTradingCalls.com) Nifty Futures continues to be on a losing streak till Feb end 2011 with initial support at 5379-5356 at levels.

Nifty futures crashed below 5,500 after losing support at 5,600, but staged a modest pullback in the end on short covering and closed above the crucial support at 5,530. We had all along indicated in this blog that the Nifty after peaking out during the 1st week of Jan 2011 will continue to remain week until Feb end 2011.

Nifty futures should find a support at 5379 levels being 61.8% of the raise from May 25th and previous bottom at 5348 coming from 31st Aug bottom.

Also shown in the chart is 21 day Stochastics in the oversold levels and telling us to be away from the markets.

Click the url to find out the previous and latest Nifty Trading Tips futures trading calls from the Editors Desk

www.GoldTradingCalls.com
Get that Winning Trading Edge on your side

Nifty Trading Tips next support at 5625-5487 levels

Gold Trading — Sun, 23 Jan 2011 06:58:22 +0000

Mumbai, Jan 24 (www.GoldTradingCalls.com) NSE Nifty after made an intermediate top at 6178 and commenced its downfall to end the week at 5654 losing 524 points to date.

We maintain a bearing view and see NSE Nifty to take initial support around 5625 and 5487 . We dont see the downtrend to end so quickly and should last a couple of weeks longer.

Click the url to find out the previous and latest Nifty Trading Tips futures trading calls from the Editors Desk

www.GoldTradingCalls.com
Get that Winning Trading Edge on your side

Nifty Trading calls next support at 5625 5468 levels

Gold Trading — Sun, 16 Jan 2011 15:26:40 +0000

Mumbai, Jan 15 (www.GoldTradingCalls.com) NSE Nifty after made an intermediate top at 6178 and commenced its downfall to end the week at 5654 losing 524 points to date.

We see NSE Nifty to take initial support around 5625 and 5468 . We dont see the downtrend to end so quickly and should last a couple of weeks longer.

Click the url to find out the previous and latest Nifty Trading Tips futures trading calls from the Editors Desk

www.GoldTradingCalls.com
Get that Winning Trading Edge on your side

Nifty Trading Tips – inching toward Strong Resistance 6164-6200-6250 levels

Gold Trading — Sat, 01 Jan 2011 07:51:07 +0000

Mumbai, Jan 1 (www.GoldTradingCalls.com) NSE Nifty has kept its slow momentum raise the whole week to close at 6134 up by 33 points. Nifty made an intraday high of 6147 and low of 6103.55. On weekly basis Nifty rose by 135 points and closed the weekly with bullish sentiment.

Markets are usually bullish during the holiday season on thin volumes.

We see NSE Nifty to face strong resistance around 6164-6200-6250 levels. The uptrend trend is over when the Nifty breaks down from the upward sloping C-D Trendline. Our Inhouse Quant model on Nifty Trading tips /calls shows the Nifty index losing its upward momentum during the first week of Jan 2011.

We advise investors to exit when Nifty break down from C-D upward Trendline. Wishing all the readers a Profitable Trading in 2011.

Click the url to find out the previous and latest Nifty Trading Tips futures trading calls from the Editors Desk

www.GoldTradingCalls.com
Get that Winning Trading Edge on your side