Nifty Futures for Wed 20th July

Smart recovery in Europe and US has given a small boost to the global markets and most of then are in green today morning.

We can expect nifty to open with a gap up and try and take 5630 as a strong support @ this 1 resistance level mentioned earlier. On the upside the last week high of 5667 is very critical and sustaining above this nifty will test 5700 for sure.

But if consistent buying is not visible in the 2nd half of the day, Nifty may test the new support made at 5584 & 5555 and the only way to ride on both sides is sell if nifty goes below 5602.

Learn to develop a swing trading strategy which can factor in the volatility of the market movement and earn on either side of the movement with ease.

Sector's to watch out and buy on DIPS for today:
Oil & gas, IT Stocks, Banking

Nifty Futures for Monday 18th July

Nifty should open with a gap up and sustain the momentum. Most likely if nifty does not cross 5630 very soon then the BEARS could be more interested in taking the nifty down.

Buy nifty if above 5594 for tgt of 5630 and 5667 (last week high) and on the down side if nifty goes below 5564 then tgt will be 5504 and further support will come at 5480 levels.

Watch out for Europe stress test results and US initial data for the stimulus updates.

18th July '11 - SENSEX

VEDIC MATHS..... Lot of people know about it ...but hardly anyone believes in it.

SO call me a believer, blindfold or one who follows astronomical science for clues.... 18 - 7 - 11.

Yes that's the date on MONDAY 18th July 2011

WHY is this date important:

On 18th Feb 2011, sensex closing was 18211.52 which had a lot of significance. Jan 2011 had 5 weeks and Feb 2011, 2nd week means 7th week of this year 2011 had this date 18/2/11 and now if you relate 18211.52 (5+2=7) you will understand what i am trying to explain.

Similarly, 18/7/11 is the 29th week for this year and in short 2+9 = 11 which means on this monday we may see sensex touching 18711.29 and if it closes above it ....the next prediction would be shocking for most of us.

SO stay tuned for such great analogy of the markets.

AND special bonus for all you lucky readers of this post....Find below an Insight to the Q1 earnings and expectations of various sectors:

Bull vs BEARS

Will Nifty breakdown after Infosys results and IIP Data

Answer was evident, most of the recommendations made so far have worked like a charm. Now everyone is talking about 5180 being tested again, if 5404 is broken.

My view is very simple, the CABINET RE-SHUFFLE that has happened after the market closed and the late smart recovery in global markets will show its true picture.

Technically after a sudden correction like yesterday NIFTY normally shows a small bounce back.

SO today we may see nifty trying to go above 5560...whether it will sustain or not is the million dollar question. Nifty has a small support at 5480 levels and if the same is breached then 5404 is the next major support.

Honestly, since we have been booking profit on most of the calls given, today I would just like to see the nifty's overall behaviour and capture the demand and supply zone. BUT one thing is for sure Q1 result will not be good and nifty is in a tug-of-war "BEAR vs BULL" and unfortunately BEARS have won the first round.

Will Nifty breakdown after Infosys results and IIP Data

Nifty has been trading in the range of 5740-5601 for the July series.

2 Big factors could pull/drag the nifty back to 5500 levels

Infosys Technology, the Big Bad Boy is coming with results at 9 Am and the charts are also suggesting a very good fight between between bulls and Bears. For last 4 Quarter; Infy is cracking after its results is declared. On daily Chart 2880 and 2970 is highly traded range and break of range on either side will give 100 points move. Hence: Sell below 2888 Tgt 2836 and 2792....Buy above 2930 Tgt 2976 and 3017.

IIP data as usual will not impress the market much and the government continues to revise the data given earlier...which confuses the market even more.

Hence it is safe to assume that Market is expected to remain in the negative zone most of the time with selling pressure especially in sectors like IT, Metals, Auto & Telecom.

Sell On RISE would be the game for Intraday players.