S&P CNX Nifty for the week 28 November 2011 to 2 December 2011.

The market closed last week on a very bearish note at 4710.05. If the market fails to trade above the 4750 mark in the opening moves, then the market will continue to be weak and continued trading  below 4690 mark will signify further weakness which might take it to 4515 levels and even down to 4432 levels. However, if 4432 too is broken then an all out carnage may take it to 3980.

S&P CNX Nifty for the week 21 November 2011 to 25 November 2011.

4843 continues to be the crucial support for S&PCNX Nifty and if broken conclusively next week, the market may see further erosion down to 4720 and then 4538. These are excellent times for medium time investors to go for staggered accumulation at best possible bargains. Bouts of discount sales will keep on coming up as hedge funds and some banks and nations go burst.

Ideas for you.

If you are not a compulsive investor, try investing in metals and top notch banks, for these are the ones that drive the economy and therefore stock markets. Other sectors follow. How long the wait`s gonna be, no one knows. But these are the ones that`ll lead once the players think the risk is neutralized. If you are not a compulsive investor, try bidding at the best possible bargains for these are the times.

S&P CNX Nifty for the week 31 October 2011 to 4 November 2011.

The Nifty closed on a very strong bullish note. If the Nifty trades above the 5375 mark for longer period with good volume the bull run may continue and if it dips below the 5345 mark a bout of profit taking may occur. However if it remains above 5327 mark on the weekly basis, a short term uptrend taking it all the way up to 5650 or 5700 cannot be ruled out.  

Watch!!

http://youtu.be/olIt-mlFXLE

S&P CNX Nifty for the week 17 October 2011 to 21 October 2011.

The Nifty continues to be in a bullish mode and traders are advised to hold on to their long positions with strict stop loss at 5085 levels. The market can go up to 5235 levels and if this  level is conquered conclusively with good volumes, it may go up to 5295 and then 5325. However, profits on longs may be booked partially around 5225 levels. On the downside if 5085 gets broken, nifty might go back to 5002, 4969 and then 4884 levels below which fresh supply will emerge. Investors are advised to watch Coal India Ltd., Sterlite Industries and SAIL as medium term bets and to bid at significantly lower levels then the current rates for portfolio selling seems to continue in these counters.

Nifty 10th October 2011 to 14th October 2011

        The Nifty closed last week on an optimistic note at 4888. The immediate support is at 4802 and fresh supply will emerge only if this level gets broken. On the upside the Nifty will test the 5025 level which if conquered conclusively will see another bout of short covering rally which may push it upto 5295 - 5325 level. Traders are advised to trade long with strict stop loss around 4800 levels. Investors may continue accumulating in key index stocks at  significantly lower bids and tough bargains.