Market Review for 23rd August 2016

Nifty (8629) we said ‘technically trend is still intact but there exists selling pressure near 8746 and support around 8600 zones’ the Nifty unfolded as expected and Nifty seeing low closer to supports…technically now the range is modified to 8700-8550 with volatility…    

The support for the Nifty is at 8600-8550-8520 and the resistance is at 8700-8746

NIFTY OUTLOOK FOR 22-8-16

Nifty (8667) we said ‘it is quite possible that the Nifty may open again in the green but I would be cautious in the upper regions’ the Nifty opened in the green and traded volatile during the day and closing flat…technically trend is still intact but there exists selling pressure near 8746 and support around 8600 zones     

The support for the Nifty is at 8600-8520 and the resistance is at 8746

TURNING POINT FOR S&P

S&P500 -This is 89 month From low of 666.79 made on March 2009 Crucial Turning point ? Already up 229% in 89 months.

Market Review for 16th August 2016

Nifty (8772) we said ‘I would maintain that rallies are shorting opportunities’ the market saw a rally and the market opened up with a bull gap closed higher at 8672…now I expect the market to open with gap again and once again a gap up could be a shorting opportunity near the highs as 8746 is a stiff resistance zone and the market is still in sideways zone

The support for the Nifty is at 8520-8480 and the resistance is at 8746

GRASIM

GRASIM Future-On Friday told above 4251..tgt 4474-4548 & then 4769-4843 Yes ,Above 4548...Gates for 4769-4843 opened

INFOSYS

INFOSYS Future-Will it cross 1100 First or Crash below 1000 is possible. Below 1052 ,Gates for 1015-999 is possible.

RELIANCE INDUSTRIES

RELIANCE Future-Bhisampitama of Indian Mkt All eyes on 1045..Crossover and stays above..Watch FOR Tgt 1072-1081