Nifty 2nd May 2011 to 6th May 2011

 Throughout the week Nifty was in a bearish mode. The closing of last week was on dangerous ground in that from here it can go anywhere. Unless it manages to stay well above the 5790 mark with good volumes on the opening trade next weeks, it can slide down to 5575 levels and if that support is taken away then it can test 5450. However if it stays above 5870 a short term bullish trend can not be ruled out. Ohterwise it's a sell on rally market.

Nifty 18.4.11 to 21.4.11

The Nifty is on a weak foot but as the week gone by was truncated, the trend remains inconclusive. A short term bullish trend will be there if the Nifty manages to stay above the 5880 levels in the first few hours of opening trade on Monday. If it stays above 5925 with good volumes fresh buying may emerge leading Nifty to scale new 52 week high. Otherwise the market may drift downwards. 5720 should act as a support.

Nifty for 11.4.11 to 15.4.11

Last week the nifty didn't move at all; it closed where it opened i.e. at 5842. It's movement therefore was inconclusive.Even though the selling pressure is not there, fresh buying too isn't there. The technical parameters suggest a short term bearish mode. However if the market manages to trade above the 5975 levels with good volumes, fresh buying may emerge taking the benchmark index to new 52 week highs.

In the first leg of the quarter finals of the UEFA Champions league
Real Madrid beat Totenham 4-0
Adebayor scored 2 goal in the 4th and 57th minutes, Di María in the 72nd minute and finally Cristiano Ronaldo sealed in the 87th minute. It was a clean sweep.
In the other match it was a complete surprise as FC Schalke blew Internazionale defence 5 to 2.
Schalke scorers:
Matip 17'  Edu 40'   , 75'  Raúl González 53'  Ranocchia 57'
Internazionale scorers:
Stanković 1'
Milito 34'

Fire Power!!

Wembley Stadium will see the eight remaining UEFAChampions League survivors next week in the quarter-final. It is an all-English encounter prominent on the menu. The Wednesday's meeting between Chelsea and Manchester United will bring old rivals back together at Stanf bridge.On wednesday the Real Madrid CF lie in wait which is desperate that Ronaldo recovers from a hamstring injury in time to face the side whose fearless approach took them past AC Milan in the last match. Tuesday also marks the resumption of Internazionale Milano's title defence as they vie to become the first team to reach the European summit in back-to-back campaigns since neighbours Milan in 1989/90. Those two storied clubs meet in a high-stakes Serie A tussle on Saturday, and quarter-final opponents Schalke 04 will look to pounce on any tired Inter legs in the German team's first outing in the competition under new coach Ralf Rangnick. The Bundesliga outfit will nonetheless be wary of hosts desperate to avenge their 1997 UEFA Cup final defeat.Barcelona and Shakhtar Donetsk played each other rather more recently, with Barça lifting the UEFA Super Cup at the Ukrainian champions' expense in 2009. However, Josep Guardiola's men ill not be taking this season's surprise package for granted. They will want to produce another mesmerising display at the Camp Nou on Wednesday, ahead of what is sure to be a tricky return leg at Shakhtar's Donbass Arena the following week.

Nifty for 4th to 8th April 2011.

The continuous winning streak through out the last week was arrested on Friday as market was extremely overbought. However the market closed for the week on a bearish note. The 5700 level will act as a key support, which if breached for two to three sessions on big volumes will result in the end of the bullish trend. Ohterwise the market has clearly turned from a sell on rally to buy on dips. If it manages to cross 5875 levels conclusively in the coming week, a new high for the April series cannot be ruled out.