Thursday, April 29, 2010

NIFTY OUTLOOK for 30/04/2010

AS EXPECTED MAY SERIES STARTS AT 5254.
MARKET PARTICIPANTS EXPECT A SHARP CORRECTION
IN MAY. TODAY CALL WRITERS SELL OFF 5300 AND
5200 CALLS.

AS PER ASTRO VIEW WE DONT EXPECT SHARP CORRECTION.
NIFTY HAVE GOOD SUPPORT AT 4888-4922 LEVEL.
AND THE PULL BACK WILL BE FAST.

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

GLOBAL MARKETS DANCING
RESTLESS TO THE NEWS FLOWS.
HIGH VOLATILE DAYS ARE AHEAD.

NIFTY TRADING RANGE FOR TODAY 5200-5311

ASTRO VIEW NEUTRAL TO NEGATIVE FOR FRIDAY.


TODAY OUR CUSTOMERS
----------------------------
ASKED TO EXIT FROM 5300 CALL AT 80-82.


ASTRO VIEW
============
MOON SAIL IN ANUSHAM[SANI SAARAM)
IN VIRUCHIKAM SIGN
WHICH IS 10TH PLACE FROM GURU
AND 12TH PLACE FROM RAAKU.

INDICATES NEUTRAL TO NEGATIVE BIAS.
JUST KEEP WATCHING FOR CLEAR TREND UPTO CLOSING.
TRADE IN MINIMUM QUANTITY WITH STOPLOSS.
AVOID LONGS IN CLOSING HOURS.

REMINDER.1
-----------
AS SUKRAN GETTING STRONG AVOID SHORT IN
REALITY. WILD BOUNCE BACK EXPECTED.


30/04/2010 BIRTH NO.3 FATE NO.1
------------------------------------
BANKING AND FINANCE STOCKS CAN RALLY.



OUT PERFORMERS FOR 30/04/2010
-------------------------------
BANKS AND FINANCE.

UNDER PERFORMERS FOR 30/04/2010
--------------------------------
IT, SHIPPING, AND EXPORT.



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

OPENING ..to.. 09.05am RISHABAM NEUTRAL
09.05am ..to.. 11.05am MITHUNAM NEGATIVE
11.05am ..to.. 01.16pm KADAKAM POSITIVE
01.16pm ..to.. CLOSING SIMHAM NEUTRAL.
LAGNA TIMES CALCULATED WITH MUMBAI SUNRISE.


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

LAST CLOSE@5254 (+39 POINTS)
LAST HIGH@5264 LOW@5214
WEEKLY HIGH@5382 LOW@5202

20DMA@5293
50DMA@5161
200DMA@4927

5DAY RSI 45 AND 14DAY RSI 50
INDICATE NO SIGNALS.

WEEKLY KEY RESISTANCE@5333
WEEKLY KEY SUPPORT@5155

EXPECTED RANGE
5200-5311

RESISTANCE FOR 30/04/2010..... 5266/5288/5311
SUPPORTS FOR 30/04/2010..... 5222/5200/5177