The tipping point for the day is at 5555 with 5562 as the immediate resistance and then 5587, 5619 and 5670.
On the flip side the immediate support is at 5532, 5512 and 5490. 5445 should be a more strong support.
Our outlook continues to be negative on the market as it will erode further with new shorts being formed in the system.
Sunday, April 7, 2013
Saturday, April 6, 2013
The Mall, Nainital.
A drive through the noisy, crowded and congested road as the crowd swells on holidays. 30 march 2013. The lake is to the right.
Friday, April 5, 2013
Elephant Revival.
ELEPHANT REVIVAL
Talking of transcendental folk music here's a group from Nederland, Colorado. Elephant Revival was formed in 2006. The group incorporates Celtic fiddle tunes and ballads. The group members are versatile and play multiple instruments and make resounding music with washboard, djembe, musical saw, double-bass, mandolin, banjo, acoustic guitar, electric banjo/guitar, fiddle and vocals.
Enjoy as the group plays 'What is time'
Thursday, April 4, 2013
S&P CNX Nifty for 5 April 2013.
The tipping point for the day is at 5596 with 5610 and 5638 as the immediate resistance.
The support continues to be at 5558 which if breached will see fresh shorts being built in the system as the benchmark index will slide towards 5445.
Our outlook continues to be of weakness and consolidation at lower levels as the market may seek an intermediate bottom. trend will reverse only if it somehow conquers 5683.
The support continues to be at 5558 which if breached will see fresh shorts being built in the system as the benchmark index will slide towards 5445.
Our outlook continues to be of weakness and consolidation at lower levels as the market may seek an intermediate bottom. trend will reverse only if it somehow conquers 5683.
Wednesday, April 3, 2013
S&P CNX Nifty for 4 April 2013.
The tipping point for the day is at 5690 with immediate support at 5655. A breach of 5655 will see further erosion sliding towards the rock support of 5558.
On the flip side the market will have to conquer the stiff resistances at 5676, 5692 and 5715 for any hope of return of bulls.
Our outlook for the day is a bit more of the downside and more consolidation at lower levels.
On the flip side the market will have to conquer the stiff resistances at 5676, 5692 and 5715 for any hope of return of bulls.
Our outlook for the day is a bit more of the downside and more consolidation at lower levels.
Tuesday, April 2, 2013
S&P CNX Nifty for 3 April 2013.
The tipping point for the day is at 5730 with immediate resistance being at 5777, 5789 and 5816.
The immediate supports are at 5737, 5726 and 5712 and then at 5662.
As envisaged in our yesterday's post, the market index did go up and our outlook continues to be bullish for today. Traders may continue to ride their longs increasing stop loss from yesterday's 5649 to 5662 for today.
The immediate supports are at 5737, 5726 and 5712 and then at 5662.
As envisaged in our yesterday's post, the market index did go up and our outlook continues to be bullish for today. Traders may continue to ride their longs increasing stop loss from yesterday's 5649 to 5662 for today.
Monday, April 1, 2013
S&P CNX Nifty for 2 April 2013.
The tipping point for the day is at 5701 with immediate resistance at 5744, 5775 and 5815. On the flip side the supports are at 5692, 5676 and 5649. A dip below 5649 will erase all the recent profits.
Our outlook for the day is of continued optimism and short term traders are advised to go long on Nifty with 5649 as the strict stop loss.
Our outlook for the day is of continued optimism and short term traders are advised to go long on Nifty with 5649 as the strict stop loss.
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