Tuesday, September 14, 2010

NIFTY OUTLOOK FOR 15/09/2010

NIFTY DONE 1000POINTS RALLY FROM 4842 TO TODAY
HIGH @5838. NOW STREET BEGANE TO TALK ABOUT 6000.
BULLS HAVE TO CAUTION AND AVOID LONGS WITHOUT
PROPER HEDGING. BEARS HAVE TO WAIT FOR FEW
MORE DAYS. ENTER ONLY AFTER GETTING CLEAR TREND
REVERSAL SIGNAL. NOW A CLOSING BELOW 5600 IS FIRST
SIGNAL.

WATCH 5844-88 LEVEL AND A DOUBLE TOP AT SAME LEVEL.
IF GLOBAL MARKETS GIVES US GREEN SIGNAL FOR
ANOTHER TWO DAYS EVEN 5888 ALSO ON CARD.

EVEN NOW WE ARE STAYING WITH FOLLOWING.....
BEARS HAVE TO WAIT FOR FEW MORE DAYS. DEEP
CORRECTION WILL STRIKE NIFTY BEFORE DIWALI.
AND NOW THE CURRENT UPTREND IS ACTIVE AS
LONG AS NIFTY HOLDS 5600.

WE ADVISE TO SHORT INDEX AND GO LONG IN SPECIFIC
SECTOR AND STOCKS FOR NEXT TWO MONTHS.
AVOIND LONGS IN NIFTY WITHOUT HEDGING.


WEEKLY NOTE TO THE TRADERS
===========================
ALL ARE BASED ON ASTRO
=======================
1. TELECOM
----------
MARS AND MERCURY GETTING POWER. PUTHAN GETTING
VARKOTHTHAMAM ON 15/09. SO TREND REMAIN SAME
AS LAST WEEK FOR TELECOM.
USE EVERY DIPS TO BUY AND MAKE PROFITS.
INVESTORS CAN HOLD RCOM FOR THE TARGET
RS.600 AND BHARTI RS.900 ON 5TH MAY 2011.

2. REALITY
----------
POSITIVE TREND MAY CONTINUE. BUT ON 18/09 SUKRAN
GETTING MEENAM-APEX-NAVAMSHAM. SO SEE FIREWORKS
IN REALITY IN THE WEEK 20/09 TO 24/09.

3. BANKING AND FINANCE
----------------------
TREND REMAIN SAME AS LAST WEEK.
SMALL AND MID-CAPS CAN RALLY. LARGE CAP BANKS
MAY SLIP LITTLE.

4. STEEL/OIL/AUTO
-----------------
IN COMMING WEEK
STEEL AND OIL STOCKS CAN SUSTAIN CURRENT LEVEL.
BUT ON 19/09 SATURN GETTING MESHAM-DECLINE
NAVAMSHAM AND ABOVE STOCKS MAY START TO CORRECT
FROM 19/09. EXIT FROM THIS SECTOR BEFORE THIS
WEEK-END.

5. OTHERS
----------
SUN SHIT TO KANYA ON 17/09. END FOR PSU RALLY.
WITH THE SAILING OF RAAKU AND KETHU,
NEGATIVE FOR PHARMA AND LARGE-CAP IT.
POSITIVE FOR MIDCAP IT, MEDIA AND BROKING FIRMS.


AS PER ASTRO IN THIS WEEK
=========================
WEDNESDAY MORNING NEGATIVE AND GREEN AFTER NOON.
THURSDAY NEGATIVE DAY.
FRIDAY POSITIVE VOLATILE DAY.


NIFTY WEEKLY RANGE
===================
5444-5488-5577/5711-5800-5888

ON WEDNESDAY
============
BUY NIFTY ABOVE 5800 TARGET 5844 STOPLOSS 5777.
SELL NIFTY BELOW 5777 TARGET 5733 STOPLOSS 5800.


ASTRO VIEW 15/09/2010
======================
MOON SAIL IN KETTAI STAR ( PUTHAN SAARAM ).
THIS IS VIRUCHIKAM SIGN 9TH PLACE FROM GURU AND
12TH PLACE FROM RAAKU.
AS MOON SAIL IN DECLINE HOME NEGATIVE FOR MARKET.
BUT GURU VIEW CAN STOP FREE FALLING.


15/09/2010 BIRTH NO.6 FATE NO.9
-----------------------------------
POSITIVE FOR REALITY.



OUT PERFORMERS FOR 15/09/2010
------------------------------
REALITY, POWER, AND MEDIA.

UNDER PERFORMERS FOR 15/09/2010
--------------------------------
SHIPPING, FMCG, AND IT.



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

OPENING ..to.. 11.08am THULAM NEGATIVE
11.08am ..to.. 01.21am VIRUCHIKAM POSITIVE
01.21am ..to.. CLOSING THANUSH NEUTRAL
LAGNA TIMES CALCULATED WITH MUMBAI SUNRISE.



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

LAST(14/09) CLOSE@5795 (+35 POINTS)
LAST HIGH@5838 LOW@5760
WEEKLY HIGH@5838 LOW@5515

5DMA@5681
20DMA@5530
50DMA@5453
200DMA@5201
SEE NIFTY TRADING ABOVE ALL DMA'S.
POSITIVE ABOVE 5800 AND NEGATIVE BELOW 5777.


5-DAY RSI 94 AND 14-DAY RSI 77.
INDICATES NIFTY IN OVER BOUGHT ZONE.



WEEKLY KEY RESISTANCE@5800/5888
WEEKLY PIVOT @5666
WEEKLY KEY SUPPORT@5599/5511/5444

EXPECTED RANGE FOR 15/09/2010.
5733-5844

RESISTANCE FOR 15/09/2010..... 5800/5822/5844
SUPPORTS FOR 15/09/2010..... 5777/5755/5733



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