==>>Budget day.

Markets are likely to open negative, Yest. markets opened on a weak note and proceeded to make the low 17690/5227 but the last hour rally took the market players by surprise as the indices jumped up to scale the high of 17921/5302. Thus, once again the indices closed flat and Nifty managed to gain 150 points on February expiry against January one. Now the entire focus will be on the Budget.
The uncertainty still persists. There is no clear indication about the future course of the market trend. So its better to keep the positions light.

==>>Nifty Stong rest at 5368-5400

Nifty opened in the positive zone, taking cues of rising global markets, good break out yesterday and positive Rail budget. The Bulls celebrated with buying in the front line stocks pulling the index to 5368.

Yesterday it was see that the Nifty close was exactly at our “REST” trend line. The index opened in the positive zone and the rally continued till 5368.15. During the trading hours at 10.33 AM, I clearly mentioned that the Nifty has a strong resistance at 5368, and clearly mentioned to book profits in Nifty future at 5360. I have clearly mentioned in the early trading session when the markets were almost on the top (nifty around 70+, sensex 300+) to reduce their positions and keep booking profits.Investors can clear see the Nifty dropped from the positive zone of around 60+ in to negative zone in the late hours.

During the trading session I had given buy call on IBR above 197 with the tgt of 200-210 at 12.23 PM. Touched the high of 210.4.

Nifty resistance levels at 5368-5402-5450.
Support at 5200-5176-5140.

The trend is still not clear. You may see some selling pressure tomorrow also, due to candlestick pattern made in the Nifty chart. The trend will be decided in 1-2 days, depending on the pattern of the chart. The support of the “REST” trend line in very important

Friday Finance Minister will announce the Budget for 2008. The markets are going to be very volatile tomorrow. Its better to take rest from the trading part. As such my investors have earned Bumper profits in the last 3 days in Nifty, LILT, JKIL, IRB, JP Associates, ON mobile, and RPL.

BUY IRB

BUY IRB ABOVE 197 TGT 200-210

Nifty future at 5360

BUY MOSER BEAR CMP 180 DEL TGT 240 SL 165

BUY CALL GIVEN ON NIFTY 3 DAYS BACK AT 5050-5055. CMP 5360.
BOOK MEGA PROFITS OF RS.300.

NIFTY HAS A STRONG RESISTANCE AT 5368. ON FRIDAY FINANCE MINISTER WILL ANNOUNCE BUDGET, SO SOME SELLING WILL BE SEEN AT THE END DUE TO PROFIT BOOKING. KEEP YOUR POSITIONS LIGHT.

==>>>Nifty closed at our resistance levels

Few Buy calls recommended today. All the calls have been consolidated together.
1. RPL has taken a good support at 156. Buy with the same SL for the target of 184. Small resistance at 166. Cmp 162.5. 9.19 AM
2. BUY JKIL with SL of 97. Del call. 9.19 AM
3. BUY ON Mobile @ 550 target 555-568-583, then one sided… 1.50 PM
4. Carry forward ONLY the Nifty Buy position which was given yesterday 25/02/2008 at 5050-5055 levels 03.05 PM

Yesterday nifty took support exactly at our “SUPPORT” trend line. Today Nifty Opened in green and the outlook has improved considerably as the bears ran for short covering yesterday and even the world markets where in the green. Markets were very volatile today. Nifty closed at 5270, exactly at our “REST.” trend line. Rally is still not confirmed. The confirmation will come within 2-3 days. If the “REST” trend line is broken and the close is above, then the Nifty will touch 5400 very fast, but if at all the Nifty comes down from the current levels then again the “SUPPORT” trend line can be tested.

THE TRENDLINES WERE MADE ON 18/02/2008

Volumes are increasing, that’s a good sign. But still the markets are likely to remain volatile ahead of the Union Budget and expiry of February contracts. So I would rather advise investors to keep your position light. Play with strict SL. View Mildly bullish.

==>>Nifty closed well above 5176

As mentioned in my blog on Friday 22/02/2008, that the close of Nifty below 5120, can pull down Nifty till 5030. In the morning session Nifty opened in the positive zone rallied for a while but again slipped in the negative zone within minutes. Bulls tried to pull the markets but they were not successful in the early trading session as at the reason, the Nifty tanked till 5050. As told u earlier that Nifty has a good support at 5030-5050 levels, and bounced back and closed at 5192.

In my chart you may see that the Nifty took a support on the “SUPPORT” trend line. That was also informed earlier. Finally Nifty found resistance at 5200 as mentioned earlier and closed at 5192. Tomorrow the Nifty will cross the 5200 and the next resistance levels will be at 5246 levels. Close above 5246, Nifty will touch 5400 very fast.

I had given a buy call of Nifty futures a 5050-5055 levels with the SL of 5030 in the Nifty spot price, in the early trading session at 10.45 AM, when the Nifty was finding support at 5050. I have informed my clients to partially book profits at 5124 and the remaining to be carried forward if the Nifty spot closes above 5176. You can find for yourself the Profits that my clients earned. Nifty closed at 5176 at 5192. My clients are still holding the Nifty buy position. MAAAAL LAAAAOOOOOOO…………..

The buy call was given on the blog also.

==>>BUY NIFTY FUTURE AT 5050

BUY NIFTY NEAR 5050-5055 LEVELS WITH THE SL OF 5030 IN SPOT NIFTY. IF THE SPOT NIFTY CLOSE'S ABOVE 5176 THEN CARRY FORWARD YOUR NIFTY POSITION.

==>>Nifty closed at 5110.75 down 81 points

Today Nifty closed at 5110.75 down 81 points from yesterdays close. As mentioned that the Nifty has a good support at 5120-5070, it tried to stay above 5120 but due to less volumes in the markets it was easy for the bears to short fresh Nifty futures at 5110 levels. Nifty future dropped till 5075.

I have clearly mentioned in my blog which was posted on 19th Feb 2008 & 20th Feb 2008 “BE CAUTIOUS”, that this is the ultimate place till where the Bulls can be in action and now it is the time for the BEARS to be back in action. I have mentioned that the halt in the rally of the Nifty due to the candlestick pattern that was made and due to the resistance levels at that point. It clearly shows that my clients were informed well in advance about the fall in the market.

At 5400 levels I told that the Nifty would fall till 5200-5176. I have also mentioned that if Nifty closes below 5120 then it can further tank till 5030 levels. Today’s close is below 5120.

In the Nifty chart, which was posted on 20the Feb, I have clearly marked, that the short term moving average is crossing the long term moving average from up to down, that proves the downtrend in the index. Last 2 days the Nifty close is below the shortest moving average.

Nifty close below 5030, then the level is 4850. Nifty Resistance levels 5176-5200-5400. Till that time "NO TEJI".

HAPPY TRADING.

==>>NIFTY, MAJOR SUPPORT AND RESISTANCE LEVELS

Yesterday I have mentioned that the Nifty has a good support at 5120-5030 levels. There were many ups and downs in our markets today. Nifty opened in the positive zone and there was a rally till 5241 and before the close of 5191.8, Nifty tanked till 5120.05. As informed earlier that the nifty has a good support at 5120.

Yesterday also Nifty made a low of 5116.3 and closed above 5120. Today also we saw the same bounce back from 5120.

But the trend is still not changed. 5176-5200 is a good resistance levels.
1) I have drawn 2-trend line (REST & SUPPORT). If the Nifty closes above the REST trend line then it can have a rally till 5400-5545. But if the Support trend line is broken then the nifty can test the recent low of 4800.
2) As per the lower top and lower bottom theory, If the Nifty turns around from here and closes above 5400 then the upside target of 5545 will be achieved. But if the it slides down from the current support level of 5120, then the down trend may continue till 4800.

SO WATCH OUT FOR THE MAJOR LEVELS
SUPPORT- 5120-5030-4800
RESISTANCE- 5176-5200-5400.

==>>Nifty closed at 5155

In the previous note I have mentioned that the Nifty support is at 5120-5030. Nifty closed at 5155 after making a low of 5116.3. I had also given a Short Call on Nifty future at 5155 with a target of 5080 to my private clients and that was also a hit within few minutes.

The view is still cautious. Till the time Nifty is not closing above 5200-5400 levels the view will remain the same. Traders should trade with strict stop loss. Keep your delivery positions minimum.

BNP Paribas SA, France's largest bank, reported a 42 percent decline in fourth-quarter profit after writing down the value of securities hurt by worsening credit markets.
Net income fell to 1.01 billion euros ($1.47 billion) from 1.72 billion euros a year earlier, the Paris-based bank said in a statement today. The result matches the estimated earnings BNP Paribas released on Jan. 30.

Switzerland's second-largest bank took $2.85 billion of writedowns on asset-backed securities after an internal review found ``mismarkings'' by a group of traders and debt markets deteriorated.

==>>Nifty trading at 5157.

I have clearly mentioned that the Nifty pattern which was made yesterday proves that the Rally in the mkts have been stopped for a while. U can see that the Nifty fell down to 5139.55 levels and now trading at 5157.
Nifty is trying to find support at 5120..
According to me the immediate support levels is at 5120-5030, be cautious....
For the rally the Nifty shld close above 5176-5200, otherwise the downside targets have been given to you.
Buy Sesagao in correction -- Delivery call

==>> Be cautious

If the close of the Nifty is not above 5400-5545 in the coming days, and if it turns negative from the current levels, this could be proved as a cautious mode.
The momentum seems to be tapering off and if the indices fail to cross the recent high then it will be taken as continuation of lower top and lower bottom formation. So the close of the Nifty above 5545 will prove that the markets are good, till that time be cautious and trade with strict STOP LOSS.
Nifty support is at 5200-5176. Resistance at 5400-5545

In my last blog I have clearly mentioned that the Nifty resistance is at 5400 and it is not easy to cross this level. As a result in the last 2 days Nifty did try to cross 5400 but due to low volumes it closed below that.
As per the Japanese candlestick the pattern, which was made in the last 2 days, proves that the rally for the time being is stopped. The pattern, which is made today, confirms the halt in the rally for time being. The view can be changed as per the candlestick pattern formed within a day or so.
For the new rally the close of the Nifty should be above 5400. According to the FIBONACCI theory 5400 is the 50% retracement level and 5176 is the 38% retracement level.
Buy NTPC with the SL of 198 cmp 204.8. Buy Neyveli above 165 tgt 184 SL 163 cmp 159.1.

==>>Nifty as on 18/02/2008

As mentioned earlier that the Nifty will find a small resistance at 5325 levels and the crossing of 5400 will not be so easy. So today we saw profit booking at the higher levels. I have also mentioned that the Nifty good support is at 5200 levels. Nifty did tank till 5224 levels but bounced back sharply and closed at 5276.90.

Reliance power is planning for the bonus shares to the shareholders to gain the confidence of the investors. If the investors do not get the exit from the counter at which they have bought or the profit then the investor would loose the confidence in the Company. ADAG group in the near future is again coming out wit the fresh IPO of his new co.
According to me the equity in the market will increase and the stock price can come down, so I would rather advice the investors to book profits or sell at par at around 430-450 levels. And buy in declines again.

==>>Special Note

According to me all the bad news in the market are over. Some of the experts who were talking about the market to be in the range of 21000-25000, are now started predicting the fall till the range of 12000-13000. I see no sense in these kinds of predications.

Our Finance Minister talks about India growing with the GDP rate of 8.5%-9%. India will still remain the second fastest growing economy in the world after China.

I do not see a very fast rebound in our markets, but I do not expect the investor to forget about our good fundamental story in a long run. We have seen that the damage in our markets is not so small for all of us. In this scenario no retail investor is willing to park their money in the market despite knowing that many of the stocks are available at very cheap rate and excellent valuations. I would rather suggest all the investors to hold down to those scripts which have fundamental story.

Don’t be in a haste to buy the stocks everything in one go. This market is not going to cross its previous high so easily and it will take time.
At this level the investor should pick only those stocks who’s valuations have become cheap because in the recent carnage we have seen that the companies who’s valuations were high have got a good beating on the browsers.

Even some of the recent IPO’s were also withdrawn even after reducing their price range, due to the market sentiment.

==>>Finally Nifty trading above 5200

So Finally the Nifty is trading well above 5200 with good volumes through out the counter.
Nifty closed at 5287.65 above the resistance levels of 5200 and as mentioned earlier that the Nifty immediate target will be 5400.

Nifty still face a small resistance levels of 5315 - 5325.If the close is above 5400 then Nifty can go up to 5500 - 5630.Nifty support is 5200 - 5120 - 5070.

==>>Nifty tgt 5400

As mentioned earlier the Nifty close above 5200 can take it to 5400.
Jai prakash had a resistance of 286, its trading above 286, maal laooooooooo.

Valentine Day Special Effect

As mentioned in the earlier Blog that the Nifty 1st resistance level of 4975 i.e the 200 DMA and the 2nd 5200, Nifty closed above both the levels. Now 4975 will act as a good support and the immediate target of Nifty will be 5400, till the time Nifty close is above 5200.

If the close is below that, the Nifty can come down to 4975 again to test the levels...

As my Special Valentine call I had given RIL (up 5.58%), RPL (up 14.53%), JP Associates (up 1.68%), LITL (up 12.45%), Core Project (up 5%), Xltele (up 5%), Punj lyod (up 11.28%), Vishal Retail (up 4%), Shivvani Oil (up 4%), Shree Ashtavinayak (up 5%), Asian oil field (up 2%).

SHORTTTTTT COVERINNNNGGGGGGG, rest still there

Great Short coverinnnggg.
I HOPE YOU MIGHT HAVE ENJOYED THE VALETINE DAY SPECIAL...
As i told u there will be great short covering above 4975. You might have seen that.

First level of rest level has been crossed, now Nifty will have a good resistance level at 5176-5200... and i dont think so that 5176-5200 will be crossed. and 4975 will act as a strong support.

Valentine Days Special Offer............

We may see Short covering happening above 4975 our resistance level and 200 DMA. Close above that will give all the Investor some confidence above the Indian markets.

Singapore Nifty is 150 points up at 5080.

Stocks that have a great potential to rise are RIL, RPL, JP associates, LITL, PSTL, Shivvani oil, Vishal retail, Core project, Xltele, Shree Ashtavinayak, Punj Lyod, Asian Oil field.

Few days back i have mentioned about those stocks which are available at around 70% discount. Short term traders can take some position in those stocks.

All the Best. HAPPY VALENTINES DAY. I wish u earn lots and lots today, so that u can gift ur valentine a sweet gift...

13/02/08 Nifty rest and support

As mentioned earlier that the Nifty resistance levels is at 4975. Nifty tried to cross that levels but could not sustain there and slided down again. High was 4986.55, Close was 4950.

In the recent fall the carnage was very severe, so the pull back wont be so fast. If the Nifty closes above 200DMA also, there can be another chance of testing the low again in the near future.

Best strategy buy at lower levels or sell at higher levels and then cut the positions. Keep your delivery positions very light.

Every time when the markets open with the downward or upward gap there are chances of coming at the same point to fill the gap.

Nifty support at 4780-4673...

NIFTY WILL NOT CLOSE ABOVE 4975. IT WILL TAKE SOME MORE TIME TO RECOVER AND CLOSE ABOVE 4975

Buy Jai Prakash Associates

BUY JAI PRAKASH ASSOCIATES DEL IN QUANTITY CMP 263 WITH THE CLOSING SL OF 244

Nifty trading near crutial levels

Nifty is trading near our crutial levels.

As told earlier that the nifty has resistance level at 4975 if the nifty stays above this for some time then great short covering, u may see some selling also if not crossing 4975..

Nifty for the 2nd consecutive day closed below 4975

Nifty for the 2nd consecutive day closed below the 200 DMA of 4975.

This is the 2nd fall in last 4 yrs when the Nifty close is below the 200DMA. First was in the year 2006 June. Nifty took around 6 days to recover and close above the 200 DMA in June 2006. According to me this time also the Nifty will take some more to close above the 200 DMA.

As mentioned earlier that the Nifty resistance is at 4975 and the support is at 4780-4673. You may check the low and the high that was made. High of 4949 and low was 4820.

BUY RIL, RPL, REL CAPITAL, TATAPOWER, POWER GRID IN DECLINES for fast gains....

Buying opportunity

Even with such a good discount why people are not buying the stocks. Dont miss this opportunity. Catch the frontline stocks, as that will help the markets to pull back. Pull back can be very fast.

Board the train before u miss it. Buy only upto your delivery capacity. And with the prospective of atleast 9-12 months.

ALL THE BESTTTTTTTTT...

Buy stocks at 70 % discount

SCRIPT NAME PRICE HIGH DATE DICOUNTED PRICE DISCOUNT %
1. NIIT TECH 412 10/18/2007 114 73 %
2. SASKEN 397.7 09/06/2007 124 69%
3. POLARIS 229.4 02/19/2007 77 67%
4. IFLEX 2655 07/02/2007 1009 62%

5. OMAXE 614 12/13/2007 248.4 59%
6. ADLABS FILM 1955 01/07/2008 805 59%
7. TECH MAH 1560 10/11/2007 684 56%
8. LANCO INF 888 12/14/2007 400 55%
9. IFCI 122.4 12/17/2007 56.25 54%
10.LMW 4019 11/06/2007 1900 53%
11. EDELWISE 1815 01/03/2008 890 51%

Nifty support and rest 11/08/02

AS MENTIONED IN THE FRIDAYS BLOG THAT NIFTY SUPPORT IS AT 4975-4870, IT DID TAKE A GOOD SUPPORT AND BOUNCED BACK, FROM THESE LEVELS, BUT DUE TO EXCESSIVE SELLING AND PANIC, THE NIFTY CLOSED BELOW AT 4857.

THE NEXT SUPPORT IS AT 4780-4673. NOW 4870-4975 WILL ACT AS A GOOD RESISTANCE LEVELS. TILL THE TIME THE CLOSE IS NOT ABOVE THESE LEVELS, THE VIEW IS BEARISH.

Nifty close should be above 4870

NIFTY LOW 4975.5 TILL 11.30 AM

AS MENTIONED IN THE LAST BLOG THAT THE NIFTY WILL SLIDE TO 4975 LEVELS. AND TODAYS LOW IS 4975.5 TILL 11.30 AM. FURTHER MOVE WILL BE DECIDED ON THE CLOSING LEVELS.

VIEW STILL MILDLY BEARISH....

NIFTY SUPPORT AT 4870 AT 12.30

As mentioned in the report of Friday the support for Nifty is at 4975 - 4870,It did try to take support at 4975 but was not successful. Now it is trying to stabalize at 4870. Kindly check out the todays low till now. Acc to me Nifty should turn back from here.
ALL THE BEST

Nifty Good support at 5070 levels

As mentioned in the morning I have writend that the nifty has a resistance at 5200 levels and the same could not be crossed. I have even mentioned the support levels of 5071 and for 3 times the nifty slided till this levels and stabilized and finally broke the support levels. But the close is still above 5071.Till the time the close is not below this levels, be invested in the market having limited position.

Close below 5071 levels, Nifty can slide down till 4975-4870 levels.

Nifty future closed Rs. 50 in discount 5070 as compared with the Nifty spot of 5109.55

Weekly close is also above 5070.
The Next move will be decided on monday.

Reliance power is trading at the premium of Rs.140-145 as of now.

Yesterday we saw a heavy selling pressure in the Nifty futures. Nifty had a good support at 5178, the support is broken and the Nifty closed below at 5133.25. The trend line is been broken. View is slightly cautious. Now the next support is at 5071-4870. Nifty will face stiff resisitance at 5200-5400 levels. If todays close is above 5200 then the Nifty will touch 5400. Monday 11/08/2008, Reliance Power Listing. The expected premium is Rs. 150-175. Happy trading day.

AS MENTIONED EARLIER NIFTY HAS A GOOD RESISTANCE LEVELS AT 5401 AND IF THIS IS NOT CROSSING THEN THE NIFTY CAN COME DOWN TO 4807.

NIFTY DID NOT CROSS THAT 5400 AND THE FALL WAS TILL 5071 (-330 POINTS). BUT LUCKILY IT TOOK A GOOD SUPPORT AT 5070 AND THE CLOSE WAS 5339.95.

01/02/2008 NIFTY CLOSE AT 5339.95 AFTER MAKING A LOW OF 5090.75. IT CLOSED IN THE +VE ZONE. VOLUMES HAVE ALSO INCREASED AS COMPARED TO LAST 4 DAYS. YESTERDAY THE DISCOUNT BETWEEN THE NIFTY FUTURE AND THE SPOT NIFTY WAS AROUND RS.40 BUT IN THE AFTERNOON THE NIFTY TURNED TO PREMIUM BUT THE CLOSE WAS AGAIN IN DISOUNT (RS.8).

ACCORDING TO ME THIS TIME THE NIFTY SHOULD CROSS 5400 LEVELS AND FURTHER RALLY WILL BE THERE TILL 5630 MINIMUM.

IT IS SEEN THAT THE 200 DMA HAS ALWAYS GIVEN OUR MARKETS A MAJOR SUPPORT. 200 MDA OF NIFTY IS AT 4895. TODAYS CLOSE OF NIFTY (4899.30) IS ALSO ABOVE 200 DMA. I THINK SO THAT THE MARKETS SHOULD STABALIZE OVER HERE. SHOULD CONSOLIDATE HERE FOR SOMETIME BEFORE FUTHER MOVE CAN BE (UPSIDE OR DOWNSIDE).

Nifty Support 22/01/2008

It is seen that the 200 DMA has always given our markets a major support. 200 DMA of Nifty is at 4895. Today’s close of Nifty (4899.30) is also above the 200 DMA. I think, that the Nifty should stabilize over here. Should consolidate here for sometime before further move can be (upside or downside)

Personal Information

Hello Everyone,

I, Vishal Dangaich have completed by graduation in commerce, currently pursuing Masters In Financial Management studies from Lala Lajpatrai Institute of Management Studies (Mahalaxmi).

Having total working experience of 6 years. 2 yrs in retail sector and 4 yrs in capital markets..

I will provide u with the best technical supports and resistance levels of nifty and other stocks, which can help u in daily trading session.

Regards,
Vishal Dangaich