Monday, May 3, 2010

NIFTY OUTLOOK for 04/05/2010

NO PANIC SELLING.
NO BLOOD PATH.
NO MELT DOWN.
BUT GLOBAL MARKETS SLOWLY
STRARTED CORRECTION.
NIFTY ALSO DRIFTING DOWNWARDS.
CLEARLY THIS IS "SELL IN RISE" MARKET.

WE HOPE 5177 THE 50DMA WILL BE TAKEN
AND NIFTY WILL KISS 5111 BEFORE THIS WEEK.

WE EXPECT A HIGN VOLATILE AND
WIDE TRADING RANGE IN NIFTY AND
MARKET IN MAY AND JUNE.

AS PER ASTRO VIEW WE DONT EXPECT SHARP CORRECTION.
NIFTY HAVE GOOD SUPPORT AT 4888-4922 LEVEL.
AND THE PULL BACK WILL BE FAST.

NIFTY TRADING RANGE FOR TUESDAY 5177-5288

ASTRO VIEW NEUTRAL TO POSITIVE FOR TUESDAY.


TODAY OUR CUSTOMERS
----------------------------
ASKED TO BOOK PROFITS IN 5300PUTS
WITH 40POINTS AT 152 ( WHICH BOUGHT
AT 112 ON FRIDAY) AND ASKED TO STAY AWAY FROM
MARKET TODAY NIGHT.


ASTRO VIEW
============
MOON SAIL IN UTHRATATHI[SUN SAARAM)
IN THANUSH SIGN ALONG WITH RAAKU.
WHICH IS 10TH PLACE FROM GURU.

MOON AND RAAKU IN SAME SIGN INDICATE VOLATILE
IN MARKET AND CONFUSION WITH PARTICIPANTS.

REMINDER.2ND TIME
================
AS GURU SHIFT TO MEENAM( OWN HOUSE)
BANKING AND FINANCE SECTORS WILL GET STRONG
FROM MONDAY. AVOID SHORT IN ABOVE SECTORS.


04/05/2010 BIRTH NO.4 FATE NO.3
------------------------------------
SEE THE BULLS FIGHT TO THEIR LEVEL BEST.



OUT PERFORMERS FOR 04/05/2010
-------------------------------
BANKS AND PSU.

UNDER PERFORMERS FOR 04/05/2010
--------------------------------
STEEL AND OIL.



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

OPENING ..to.. 11.14am MITHUMAM NEUTRAL
11.14am ..to.. 01.23am KADAKAM NEGATIVE
01.23am ..to.. 03.18pm SIMHAM POSITIVE
03.18pm ..to.. CLOSING KANYA NEUTRAL.
LAGNA TIMES CALCULATED WITH MUMBAI SUNRISE.


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

LAST CLOSE@5222 (-56 POINTS)
LAST HIGH@5249 LOW@5210
WEEKLY HIGH@5382 LOW@5202

20DMA@5291
50DMA@5177
200DMA@4936

5DAY RSI 38 AND 14DAY RSI 47
INDICATE NO SIGNALS.

WEEKLY KEY RESISTANCE@5333
WEEKLY KEY SUPPORT@5155

EXPECTED RANGE FOR TUESDAY
5177-5288

RESISTANCE FOR 04/05/2010..... 5244/5266/5288
SUPPORTS FOR 04/05/2010..... 5200/5177/5155