==>> Hammer pattern in the Nifty chart suggest some profit booking

Markets opened up week. BSE sensex was down nearly 325 points and Nifty down by more than 100 points. But the Indices surged gradually in the mid session to trade in the +ve zone. but made agood recovery in the closing session. Sensex zoomed more than 200 points and closed above 10700 mark at 10742. Nifty rallied nearly 2.65% to close at 3281 after making a intraday low of 3149 in the early trades. In the my last 2 blogs I had been clearly telling partial profits should be done and the same can be bought at the lower levels, and the Nifty can fall down till 3150-3050 levels. Those who had sold on Monday morning, they might have taken the position today in the mid sesssion. I had given some buy calls
1) 3.29 PM BUY BARTRONICS ABOVE 95-98-100.75-105
2) 3.06 PM Rel capital close above 456 tgt 462-478, breakout pattern
3) 2.52 PM PUNJLYOD CLOSE ABOVE 115, IT’S A BREAKOUT.. TGT 119.7-127……..
4) 2.19 PM BUY PUNJ LYOD ABOVE 109.5 TGT 111-115
5) 1.38 PM Rel capital looks good only above 431, tgt 438-445 SL 427.5, cmp 429....
Today's Nifty pattern made a Hammer pattern in the chart. But the same is made on in the uptrend, the confirmation of this will be seen tom. According to me as i have mentioned earlier that profit booking should be there. Few days back i had given BUY call on DCB, keep an eye on that. REL ENergy looks good. This movement can take the Nifty till 3500 levels also. but profit booking should start from 3450 odd levels.

==>> Some profit booking advised

Markets opened up strongly and continued its upward move. Nifty continued to make its new high in the recent past. Nifty made a new high of 3303, and but closed at 3256. Sensex closed at 10534. Sensex chart shows that we might see some profit booking or some correction in the coming days. In my last blog on Tuesday i have mentioned that we might see correction , but that was failed, but major of the frontline stocks lost their lusture and were trading below their previous close. As such, current weekd has very less trading days, so buyers wont prefer taking much delivery positions. Global markets have also rallied quite a bit in the last few trading sessions. There should be some correction before the markets can make a new high. My view is still not turned -ve, but some correction and some profit booking is necessary.
Nifty still has resistance levels at 3313-3330-3345. Support at 3115- 3050.

==>> Book part profits...

Markets might open with a positive note. It may again create a gap in the chart. Indices may come down to fill up the gaps. We might see some corretion in the mid session. It is advisable to book profits in the early session. 3250 in Nifty is a very big resistance level. 2 days close above the same can take the Nifty to 3400 levels, But that seems to be not easy. Remember to book profits, we might get the same at the lower levels. Markets will not go down heavily as the market for the termprory phase are in the hands of the bulls, and technically looks very good. Booking part profits is alwyas advisable.

==>> Nifty close above 3200 after 6 long months.

Oh WOW, what a week this had been. Bulls took full control of the market. Forced the Bears to cut of their short positions. Nifty had not seen in 6 months, its close above 3200 levels. Markets opened up strongly rallied and closed almost at the high. Nifty for the week has closed at 3211 up almost 5% or 150 points after making a high of 3228. Sensex also settled above its psychological mark of 10000. It closed at 10348, up nearly 4.50% or 447 points above its previous close. It made a Intraday high of 10432. Accept Hindlever and Herohonda contributed in the rally and took the indices above its resistance levels. Nifty still has a big resistance level of 3200, as everyone know it. Book profits at around 3250 levels. US indices futures were also positive while our markets were closing. There were good buying seen even in the mid cap stocks. Volumes for the week was also good. In the week I had given some BUY calls on 02/04 Tata @ 210, ICICI Bank @ 350. On 01/04 Rel capital @355, SBI @ 1037, ICICI Bank @ 324, RIL @ 1503, Satym ( still at the same prices). On 31/03 ICICI Bank @ 321. On 26/03, GVK Power @ 20.5, DCB @ 18.85, Suzlon @ 45. We can see the stock prices surging, to outperform the Indices.
Relcapital is facing resistance at 421 levels. Expect fire works above 421 close. Axis bank above 445. Suzlon above 50.80. PFC above 145. NTPC above 185. TataPower looks good @ 848-868-879. The International Monetary Fund (IMF) is sitting on nearly $95bn of Gold, and it has been authorised by the G-20 leaders to sell gold to assist poor countries. This wiill definately lead to correction in the gold prices. Gold had a cood support at $913, its already trading below that.

==>> April BULL's Day

Bulls might have definately enjoyed the April Fools Day. In the early session market opened marginally up, then immediately sinked in the negative zone. Sensex made a low of 9546 and the recoverd to make a high of 9921 surged nearly 2% or 193 points. Nifty closed nearly at its high level. Nifty settled at 3065 after making a low of 2965 in the early trading session. Bulls are really trying hard to close above the long term trendline. In the past 4 days Nifty is trading near the trendline, but not closing above the same. In the morning i had give some BUY calls. Relcapital @ 355 the last tgt was 385, it made a high of 392. RIL ind @ 1503, made a high of 1589. ICICI Bank @ 325 made a high of 354. SBI Bank @ 1037 tgt was 1085, made a high of 1079.9, NIFTY BUY CALL WAS ALSO GIVEN IN THE MORNING....... on my yahoo id vishal_retail@yahoo.co.in and also on mails. On 26th march i had given call on Suzlon @ 45, DCB @ 18.85 and GVK Pil @ 20.5.
Akruti is still in lower circuit. There are hardly any buyers in the counter. I think so that the circuit may open at 550-600 levels as the promoters has raised money on equity shares at the same levels. There was good buying in the mid cap stocks. In the past few sessions the volumes have been pretty good in the markets.
In the last 3-4 blogs I have been contiosly writting that the Nifty chart shows a breakout, and it has the potential to go till 2970-3050-3125 -3240. Nifty has a big resistance at 3125-3150 levels.
Trading Opprtunity-Tata Steel BUY above 210-214-217-222 with SL 208. SELL below 208-203-200-196.ICICI Bk above 350-356-363 with SL 346. SELL below 346-342-334.

==>> Nifty closes 3000 levels, while Sensex closed at 9568

Indices opened in the negative zone. US markets closed down nearly 2.5-3% down. Asian markets were also trading in the negative zone. On Friday Nifty closed below the resistance level and the trendline. As mentioned in my last blog also, that the chart shows some profit booking. Nifty closed below at 2984, after making a low of 2962. Support is seen at 2950-2890 levels. Heavy weights were the major culprit in bringing the markets down by nearly 4.5%. Major Banking and the Metal stocks was huge profit booking, they were down by 4-10%. ICICI bank lost nearly 11%, SBI 7%. RIL was down nearly 3%, but it took good support at 1500 levels and bounced back to 1530 levels. I had give a buy call on RIL @ 1507 with a SL of 1494. Dow futures were trading in the red. Dow and the Nasdaq futures were down nerly 2.5%. Indian Indices lost ground in the late session. Nifty below 3000 levels at 2984, while sensex closed at 9568 down by 480 points. In my last blog i have written that the RIL chart shows some correction, and it can come down till 1510 levels. Today Reliance ind made a low of1495 and closed at1533 levels.

==>> Nifty resistance at 3125-3150 levels

Markets ended positive after continuing the rally. Global marktets were also +ve for the weak. American markets rallied nearly 8-9% in the weak ended today, so the Indian markets too. Inflation for the Week was nearly at zero levels at 0.27% v/ 0.44% the week earlier. Volumes were pretty good in the week. FII& DII turned out to be net buyers for the week. After the Expiry, Akruti Nirman was taken out of the F&O segment and was put into 'T' group. Today, it opened win a lower circuit. BSE & NSE had nearly Rs.150 difference in the share price. Atleast for 5-6 times the stocks will open in the lower circuit. But the good thing about the stock was, it had only 5% circuit limit.

Nifty has a big resistance at 3125-3150 levels. Today also Nifty made a high of 3123.35 and closed below at 3108. The chart shows that we may see some profit booking on Monday. Markets may see some correction from here onwards. In my last blog i have written about the trendline resistance level. Nifty made a high and closed below the trendline. Nifty has to close above the trendline for few days, for further upside move. RIL chart shows sign of correctio. RIL may come down till 1510 levels. RIL closed down at 1548 after making a low of 1535.

==>> Sensex closed above 10000 levels, after 2 months

Markets continued its rally lead by banking counter zooming around. Sensex for the first time since 6th Jan 2009, closed above 10000 levels. Intraday touched the high of 10061. Nifty also tested 3100 levels, but close below at 3082 levels. Sensex and Nifty surged nearly 3.5%. Volumes were also very good today as compared to the other days. Nifty cash volumes was at Rs15,500 Cr. As the last day of the F&O Expiry, volumes in the F&O counter was also high at Rs.77,000 Cr. Bse cash volumes was at Rs. 4650Cr. Finally Akruti cracked down as today was the last day for it to be in the F&O segment. The script will be in T2T segment from tomorrow onwards. In the opening session Akruti share opened higher and made a high of 1948, but immediately slided in the negative zone. Rest of the day the counter remained in the negative zone. Most the day the difference in the price in the both the Exchange was nearly Rs 200-Rs250. In the end the difference vanished and the stock as mentioned tumbled nearly 55% to close at 819.4 after making a low of 700 in NSE.

In the last 3-4 blogs I have been contiosly writting that the Nifty chart shows a breakout, and it has the potential to go till 2970-3050-3125 -3240. Nifty has a big resistance at 3125-3150 levels. In the chart we can see that the Nifty will face resistance at the 2nd trendline. Markets have rallied nearly 20% from the recent low. RSI is nearing its oversold zone.

Inflation for the week is nearly at zero percent, it came at 0.27% v/s 0.44%. India has never witnessed this before. Yesterday I have given Buy call on

BUY GVK POWER FOR DEL FOR 1-2 MONTH TGT 35-40.
BUY DCB FOR SHORT TERM DEL CMP 18.85.
BUY SUZLON FOR SHORT TERM TRADING CMP 45.

==>> Last day for Akruti

Markets opened up strong. Marginally slided in the negative zone, but smartly bounced back in the mid session. Nifty closed above at 2984. Marginally short of 3000 levels. Sensex closed at 9667 after making a high of 9706. Sensex has a resistance at 9725 levels. Close above the same will take the Sensex at 9915 levels. Nifty has resistance at 3040. Globally markets have also recovered from their recent lows.
Today is the Last day for the Akruti to be trade in the F&O segment. We may see high volatility in the counter. From tommorrow onwards the counter will be in T2T group. I have given call on Ril at 1320 levels, now in my last blog i have again given a buy call on RIL "Close above the same will again give a further move 1520-1527-1550 at a higher side" on 24th Nifty closed above the trendline. Yesterday Nifty took support and bounced back from the same level and closed above the long term trend line at 2984. Nifty tgt is 2970-3050-3110 -3240 and that will be soon visible.
BUY GVK POWER FOR DEL FOR 1-2 MONTH TGT 35-40

==>> Markets may boucne back soon.

Yesterday rally continued in the Indian markets. As we have seen a beak out pattern on Monday. As mentioned in my lst blog that Nifty will face resistance at the long term trendline. Markets opened with a positive note on back of rally in US markets. US markets surged 5%. In the opening session Indian markets also surged almost 3% but failed to shine till the end. Nifty made a high of 3017 but fell down to the negative zone to close below at 2938. Sensex surged to make a high of 9699. But luckily closed in the positive zone at 9471. Markets still looks good. As the pull down was just profit booking. Volumes in the markets were almost at 2 month high. Reliance have also given a breakout pattern in the chart, it can easily touch 1500 levels within a day or so, if the markets are good. RIL will face stiff resistance at 1505 levels. Close above the same will again give a further move 1520-1527-1550 at a higher side.WATCH OUR THE SAME. We might see some more correction, but my view still remains bullish. Nifty will again try to close above the long term trendline.

==>> Tata unveils 'NANO'

It's a great day for the Indian, We should be proud of Mr Ratan Tata and the Tata Group, as he has finally launched the much awaited, the People's car. The Rs.1 lakh car i.e "Nano"...... Tata Motor shares were up around 4%.

Akruti on Friday closed at 1610. Today opened up firm but immediately after the openin session fell down to make a low of 1362. after the mid session there was short covering seen in the counter and the operators and traders again gathered near the counter. The stock which was trading nearly 7-8% down rallied to make a high of 1835 within few minutes. It went up around 12-13% up. Traders really had a day in trading in Akruti. The counter will again see volatility till the expiry of the contract.

Markets opened up firm as mentioned. Indices closed almost near the high of the day. Nifty closed up at 2939.9 after making a high of 2949.75 up 132 points. Sensex closed with a gain of 457 points and finally closed at 9424. Nifty in past also, faced resistance at 2850 levels. As soon as the levels were broken. In the chart we can clearly see that the Triangle formation has been created and finally Nifty crossed the same and closed above the pattern. But Nifty closed almost near the Long term trendline. If the same is broken then 2970-3050-3110 -3240 will be soon visible.

==>> Akruti's Nirman is going week.....

So finally, SEBI has taken some steps against the Akruti City shares move. I hope non of the reader of this blog might have not taken up any long position in the Akruti. On Thursday, i have clearly written that SELL Akruti. Finally the counter will be excluded from the F&O segment from the next series and after that the same will be put in to the 'T' group. I hope SEBi will continue to keep eyes on the movement in Akruti Nirman. In the past also there has been many well know companies that have been put into the T group and after that also the counter have seen unusally rise in the share price, and many of them have become multi bagger. Akruti will still continue to fall, it may fall to 500-600 levels in the coming days. Still i would advice not to take any long position in the counter.

Nifty in last week opened with a positive note, continued to rally from the previous week. Nifty has taken good support at the trendline. In the last 2-3 days Nifty is trrying hard to close above the same. On Thrusday and Friday, Nifty bounced back smartly and close in positive zone or marginally iin -ve zone. Volumes have also been good in the past week. For quite sometime we havent seen volumes above Rs10K Cr in the NSE cash segement. But in the last week, volumes were above the same. According to the provisional figures provided by the NSE site, FII & DII remained net buyers for Rs 400 & Rs 500 respectively in the cash segment. Nfity will again bounce back from the current levele. The resistance level of 2850 should be broken, as there has been good volumes and buying by the FII and even the domestic firms. Nifty if crosses and close above 2850 for 1-2 trading sessions then the Nifty can rally up to 2970 levels.

==>> India moving towards Deflation nos....

Traders seen enjoying the ride on Akruti Nirman. In the opening session Akruti slipped down to Rs1860. and within sometime the stock surged to make a high of 2364 in BSE. Once again Akruti was the one of the top traded counter in the market. Rumours in the market about the stock is that some of the group members are trapped in the short created around 700 levels. and they are still rolling their short positions. So some of the big operators have trapped the group by rigging the share price. There are chances that they may cut their short positions this month. There was around 11 lakh shares shor position created in F&O sector. Punters will soon leave the counter. Just beware of the stocks...... SELLLLL
Our country have not seen the inflation as low as this week inflation rate. Inflation for the week was 0.44% as compared to 2.43% last month. Indian markets will soon witness deflation in the markets and the deep the deflation rate the more for the Indian markets. Deflation occurs when the demand for money goes up and demand for the goods come down. It means the fall in the Inflation no. and the reason is fall in the demand...
Nifyt close for previous day was 2794. We had a very volatile session today. Indian markets had a roller coster ride. Indices sliding to the -ve zone, after the good opening session, but recoverd smartly, back into the +ve zone. Nifty after making a high of 2822 and low near 2771 closed in the green at 2807, marginally above the 2800 levels. Nifty is facing selling pressure at the 2850 levels.
Rupee held on stongly against the dollar. Not only Indian Rupee but most of the global currency's were strong against dollar. Dollar weekend after the announcement by the US Fed, that the US govt will spend $1-trillion to buy govt bonds and mortgage backed securities. Major of the commodities also bounced back. Gold bounced back from the low of $888 last week to $950. Silver have also gone up.....