Friday, April 30, 2010

NIFTY OUTLOOK for 03/05/2010

NIFTY TRADERS GET CAUTION ABOVE 5288 LEVEL.
TODAY ALSO CALL WRITERS SELL OFF PUTS.
GLOBAL MARKETS ARE ALSO TRADING WITH CAUTION.
WE EXPECT A WIDE RANGE AND VOLATILE TRADING
DAYS IN NEXT WEEK.

AS PER ASTRO VIEW WE DONT EXPECT SHARP CORRECTION.
NIFTY HAVE GOOD SUPPORT AT 4888-4922 LEVEL.
AND THE PULL BACK WILL BE FAST.
OUR CUSTOMERS FROM OVERSEAS INFORM US THAT
BILLIONS ARE AWAITING FOR TRANSFER FROM EUROPE
MARKETS TO INDIA.

ANY HOW A MONTH FULL OF ACTION FILLED
MARKET AWAITING FOR US IN MAY.

NIFTY TRADING RANGE FOR MONDAY 5200-5311

ASTRO VIEW NEUTRAL TO NEGATIVE FOR MONDAY.


TODAY OUR CUSTOMERS
----------------------------
ASKED TO BUY 5300PUT AT 112-114 AND TO HOLD.


ASTRO VIEW
============
MOON SAIL IN POORADAM[SUKRAN SAARAM)
IN THANUSH SIGN ALONG WITH RAAKU
WHICH IS 10TH PLACE FROM GURU.

MOON AND RAAKU IN SAME SIGN INDICATE VOLATILE
IN MARKET AND CONFUSION WITH PARTICIPANTS.

IMPORTANT NOTE
================
AS GURU SHIFT TO MEENAM( OWN HOUSE)
BANKING AND FINANCE SECTORS WILL GET STRONG
FROM MONDAY. AVOID SHORT IN ABOVE SECTORS.

REMINDER.SECOND TIME
--------------------
AS SUKRAN GETTING STRONG AVOID SHORT IN
REALITY. WILD BOUNCE BACK EXPECTED.


03/05/2010 BIRTH NO.3 FATE NO.2
------------------------------------
BANKING AND CONSTRUCTION STOCKS CAN RALLY.



OUT PERFORMERS FOR 03/05/2010
-------------------------------
BANKS AND INFRA.

UNDER PERFORMERS FOR 03/05/2010
--------------------------------
TELECOM AND MEDIA.



LAGNAA TIMES DURING TRADING HOURS
-----------------------------------------

OPENING ..to.. 10.50am MITHUMAM NEUTRAL
10.50am ..to.. 01.00am KADAKAM NEGATIVE
01.00am ..to.. 03.11pm SIMHAM POSITIVE
03.11pm ..to.. CLOSING KANYA NEUTRAL.
LAGNA TIMES CALCULATED WITH MUMBAI SUNRISE.


TECHNICAL VIEW
================

LAST CLOSE@5278 (+24 POINTS)
LAST HIGH@5294 LOW@5266
WEEKLY HIGH@5382 LOW@5202

20DMA@5295
50DMA@5170
200DMA@4931

5DAY RSI 52 AND 14DAY RSI 53
INDICATE NO SIGNALS.

WEEKLY KEY RESISTANCE@5333
WEEKLY KEY SUPPORT@5155

EXPECTED RANGE FOR MONDAY
5200-5311

RESISTANCE FOR 03/05/2010..... 5288/5311/5333
SUPPORTS FOR 03/05/2010..... 5222/5200/5177