NIFTY WATCH:

July 02^nd 2008

Fibonacci price projections

	0%	61.8%	100%	161.8%	261.8%
Up	4482	4987	5299	5804	6621
Dn	5299	4794	4482	3977	3160

 

For the last 15 days we are saying 3977. its also broken , what next. Is it 3160 (fibonacci level) or 3568(explained 2 days back). bollinger levels are 3984-4835. we are trading at pe of 16 (nifty) current year. 5 days RSI is at 15. even than bears are not ready to cover their positions. Can Mulayamsingh give support to nifty or lower numbers of inflation? Government camp on Tuesday evening appeared to be breathing easy in the standoff over the nuclear deal with further indications that Samajwadi Party was moving close to the Congress and BJP ally Shiv Sena sending mixed signals. Will crude continue to trade with in range of $142 and 131 or break out and most important in whose favour.  Are our corporate planning to outsource borrowings. Will Govt plan more reforms ,most important opening up of real estate, insurance, agriculture, mining, disinvestments etc. Will Ratantata, keep advocating for exporting more of finished goods compare to raw material. ABOVE ALL SHINNING INDIA? Biggest consumer market, back-office of the world, highest growing millionaires. Or  we are ready for ELECTIONS only. Short covering will be sharp, but question is from which level. Yesterday we wrote that nifty will move both ways. Nifty was down 1^st and from low of 3977 covered to 4075 (high of the day), almost 100 points and lastly closed at 3896. trend decider of the day is 3977. support is at 3825-3750. if market recover can go to 4128 ( 5 days moving avaerage) and 4181 ( 8 days moving average ). Dow is trading at major support. If can maintain this level , possibility of recovery is there too. U.S. manufacturing grew in June and a measure of prices jumped to a 29-year high, underscoring the Federal Reserve’s concern that economic growth will be accompanied by faster inflation. “While it may be too soon to say that manufacturing has begun to start growing again, it is possible that a bottom is being reached,” said Joel Naroff, president of Naroff Economic Advisors Inc. in Holland, Pennsylvania. At the same time, “Fed members may not be as happy with the costs index moving into the stratosphere.” .

 

        

 

Predict and win

One can participate more than once. Every entry will be valid.

 

 

DISCLAIMER :- We can’t dictate the market. Its an observation only. May , may not hold good. Much depend on govt. policies ,economic & political scenario. Its more of an informatics’ article only. Presenter /writer is not liable or responsible for any personal or financial losses or profits. 

nifty stock watch

Nifty watch

July 2^nd 2008

Intraday support & resistance:

S 2	S 1	Pivot	R 1	R 2
3752.90	3824.80	3950.10	4022.00	4147.30

 

Trend decider    :   3977   res : 4128 – 4181  sup  3752  and 3568

 

Nifty stock watch :-

 

Reliance : S 2	S 1						Pivot									R 1							R 2
1950.50	1997.30						2073.15									2119.95							2195.80
Rpl :S 2	S 1			Pivot						R 1							R 2
158.00	162.00			169.00						173.00							180.00
Hdil :S 2	S 1			Pivot							R 1							R 2
285.65	312.10			352.55							379.00							419.45
Sterlite: S 2			S 1						Pivot					R 1					R 2
626.55			648.05						677.55					699.05					728.55
Satyam : S 2		S 1						Pivot							R 1							R 2
407.80		420.05						440.35							452.60							472.90
Dlf: S 2	S 1					Pivot						R 1								R 2
340.50	354.75					376.40						390.65								412.25
Ntpc:S 2	S 1				Pivot								R 1								R 2
148.05	150.55				153.15								155.65								158.25

 

 

DISCLAIMER :- We can’t dictate the market. Its an observation only. May , may not hold good. Much depend on govt. policies ,economic & political scenario. Its more of an informatics’ article only. Presenter /writer is not liable or responsible for any personal or financial losses or profits. 

stock fell in europe and asia,MSCIworld index’s worst 1st half

n      Stocks fell in Europe and Asia, extending the MSCI World Index’s worst first half in a quarter century, as higher oil and reports on housing and manufacturing suggested the global economy will slow. U.S. index futures slid. Billionaire investor Eli Broad said the U.S. economy is in the `worst period’ of his adult life as a housing market recovery remains “several years” away. “This is worse than any recession we’ve had since World War II,” Broad, 75, said in an interview yesterday. Broad, the founder of homebuilder KB Home, said the U.S. should avoid a depression on the scale of the 1930s because the country now has sufficient “safety nets.” “The bad news keeps coming,” said Benoit de Broissia, an analyst at Richelieu Finance in Paris, which oversees $6.2 billion. “The economy remains uncertain with a high oil price and inflation. The ensemble of elements is adverse.” The MSCI World slid 12 percent in the first half, the most since 1982. Financial stocks led declines that erased more than $9.2 trillion from equity markets worldwide this year as $400 billion in credit-related losses and oil at all-time highs offset efforts by central banks to bolster confidence in financial markets. Above all, Israel is increasingly likely to attack Iran’s nuclear facilities this year, ABC News reported, citing an unidentified Pentagon official. At home Bear attack on Indian Stock Market is on… source : Bloomberg.com