Market showing volatility due to RBI meet on friday. Now my sl & long only above 5037 to 5040 and keep long only if closing above these level with SL and sell of 5006.
 Now weekness more presist below 4967 ( FUT ).
4940 to 4959 (spot level) would be suggested as part booking short.

MARKET OUTLOOK 15/09/2011

Res Zone : 5072 to 5090
Sup Zone : 5020 to 4985
Part profit Book in yesterday's long suggested in opening and weekness only below 4985..(My trades only)

MARKET OUTLOOK FOR 13/09/2011

RES ZONE : 5010 TO 5030 ( INITIATE LONG AFTER ORB FOR THIS TARGET)
POSITIONAL LONG ONLY IF CLOSING ABOVE 5054 SPOT
SUP ZONE : 4940 ( YESTERDAY CLOSING), 4910 ( VOL. SELL)

STILL ON UPSIDE 5088 NF VERY STRONG RES ( THESE ARE LEVEL ACCORDING TO THAT I LL ACT TODAY)

BEARISH ENGULPHING: A black body occurred on 9th sep (because prices closed lower than they opened).


During the past 10 bars, there have been 6 white candles and 4 black candles for a net of 2 white candles. During the past 50 bars, there have been 23 white candles and 27 black candles for a net of 4 black candles.
An engulfing bearish line occurred (where a black candle's real body completely contains the previous white candle's real body). The engulfing bearish pattern is bearish during an uptrend (which appears to be the case with - NSE50 [NIFTY]). It then signifies that the momentum may be shifting from the bulls to the bears.

NIFTY OUTLOOK FOR 12/09/11 AND CURRENT WEEK

Hi, couldnt updated weekly view due to some workload.

well here is outlook for day and week
SUP FOR DAY: 4940 TO 4913
RES FOR DAY : 5013 TO 5050

SUP FOR WEEK: 4850 TO 4900 (ROCKSOLID)
RES FOR WEEK: 5088 TO 5120

SELLING WAS SUGESTED ON FRIDAY AT 5140, 5125, 5100, 5080,,,NOW PART BOOKING SUGGESTED AT 4950 TO 4960 ZONE TO PROTECT YR CAPITAL.

MARKET OUTLOOK FOR 09/09/2011

SUP. ZONE - 5020 TO 5040
RES. ZONE - 5177 , 5197, 5217
50% retracement of 5702 to 4720 fall comes @ 5211.
For the day & for the week, 5177 to 5230 range becomes huge resistances.
Weakness would be evident at the break of 5140(Day Pivot) & 5125(Volatility Sell) & 5100(Yesterday's low). Developing week Pivot is another point of contention on the lower side.
Closing of Nify SPOT below 5085 ll lead more downside to 5020 to 5040 support zone.
We need to see next week action either breakout of 5230 (and fill gap of 5230 to 5330) or breakdown of 5040 level.

FNO DATA OF SEP SERIES TILL 08/09/11

We are approximately 450 points away from the lows. Can we rally more? Ofcourse we can. But let us look at the rally in a different perspective. Let us assume the institutions are playing this game. To induce a rally or a fall, buying or selling of equities is required. In August 2011, the earlier month, Nifty Futures made a fall of 600 points approximately from 5480 to 4840. For a fall of 600 points, FII have sold equities worth 12600 crore. On a same scale, if you consider this month, they got a rally of 440 points for a buy of 1300 crore.

Let us get a bit more micro. Consider the last 3 trading days. They have net sold 32K contracts worth 800 crore. They could get a rally of 140 points. Well, there are two ways to look at this. The FII are feeling quite left out of this rally or... they are just adding to their shorts at each of the higher levels. In any case it is evident that the rally is not induced by FII. So, now you can take your pick. You can start thinking that  FII will chase this rally and we are going much higher or ... Be careful with your longs.

 The roller coaster is about to resume its.... We are in for a rough ride for the next week or so.