Saturday, September 11, 2010

NIFTY OUTLOOK FOR 13/09/2010

BULLS HOPE FOR 5688 AND DREAM FOR 5777.
AT 5688 WE HAVE A 840 POINTS RALLY FROM MAY
LOWS 4842. FROM HERE REVERSAL MAY HAPPEN OR
FURTHER UPMOVE OF 120POINTS LIFT NIFTY TO 5800
LEVEL CAN ALSO ON CARD.

SUSTAING GLOBAL MARKETS GIVING STRENTH TO
NIFTY BULLS. BULLS HAVE SUPPORTS AT 5577 AND 5444.
A CLOSING BELOW 5444 IS THE FIRST
INDICATION OF REVERSAL.

BEARS HAVE TO WAIT FOR FEW MORE DAYS. DEEP
CORRECTION WILL STRIKE NIFTY BEFORE DIWALI.
PLEASE REMEMBER STILL THE GAP BETWEEN
3733-4444 NOT FILLED SINCE MAY 2009.
CURRENT UPTRENT ACTIVE AS LONG AS NIFTY HOLDS 5444.

WE ADVISE TO SHORT INDEX AND GO LONG IN SPECIFIC
SECTOR AND STOCKS FOR NEXT TWO MONTHS.
AVOIND LONGS IN NIFTY WITHOUT HEDGING.


WEEKLY NOTE TO THE TRADERS
===========================
ALL ARE BASED ON ASTRO
=======================
1. TELECOM
----------
MARS AND MERCURY GETTING POWER. PUTHAN GETTING
VARKOTHTHAMAM ON 15/09. SO TREND REMAIN SAME
AS LAST WEEK FOR TELECOM.
USE EVERY DIPS TO BUY AND MAKE PROFITS.
INVESTORS CAN HOLD RCOM FOR THE TARGET
RS.600 AND BHARTI RS.900 ON 5TH MAY 2011.

2. REALITY
----------
POSITIVE TREND MAY CONTINUE. BUT ON 18/09 SUKRAN
GETTING MEENAM-APEX-NAVAMSHAM. SO SEE FIREWORKS
IN REALITY IN THE WEEK 20/09 TO 24/09.

3. BANKING AND FINANCE
----------------------
TREND REMAIN SAME AS LAST WEEK.
SMALL AND MID-CAPS CAN RALLY. LARGE CAP BANKS
MAY SLIP LITTLE.

4. STEEL/OIL/AUTO
-----------------
IN COMMING WEEK
STEEL AND OIL STOCKS CAN SUSTAIN CURRENT LEVEL.
BUT ON 19/09 SATURN GETTING MESHAM-DECLINE
NAVAMSHAM AND ABOVE STOCKS MAY START TO CORRECT
FROM 19/09. EXIT FROM THIS SECTOR BEFORE THIS
WEEK-END.

5. OTHERS
----------
SUN SHIT TO KANYA ON 17/09. END FOR PSU RALLY.
WITH THE SAILING OF RAAKU AND KETHU,
NEGATIVE FOR PHARMA AND LARGE-CAP IT.
POSITIVE FOR MIDCAP IT, MEDIA AND BROKING FIRMS.


AS PER ASTRO IN THIS WEEK
=========================
MONDAY POSITIVE BUT TIGHT RANGE.
TUESDAY NEGATIVE DAY.
WEDNESDAY MORNING NEGATIVE AND GREEN AFTER NOON.
THURSDAY NEGATIVE DAY.
FRIDAY POSITIVE VOLATILE DAY.


NIFTY WEEKLY RANGE
===================
5444-5488-5577/5644-5666-5688

ON MONDAY
---------
BUY NIFTY ABOVE 5644 TARGET 5688 STOPLOSS 5622.
SELL NIFTY BELOW 5622 TARGET 5577 STOPLOSS 5644.


ASTRO VIEW 13/09/2010
======================
MOON SAIL IN VISAKAM STAR ( GURU SAARAM ).
THIS IS THULAM SIGN 8TH PLACE FROM GURU AND
11TH PLACE FROM RAAKU.
AS MOON SAIL IN GURU SAARAM GREEN EXPECTED.


13/09/2010 BIRTH NO.4 FATE NO.7
-----------------------------------
4 AND 7 INDICATES TIGHT RANGE.



OUT PERFORMERS FOR 13/09/2010
------------------------------
BANKS, STEEL, OIL, AND REALITY.

UNDER PERFORMERS FOR 13/09/2010
--------------------------------
PSU AND IT.



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

OPENING ..to.. 09.04am KANYA NEGATIVE
09.04am ..to.. 11.16am THULAM POSITIVE
11.16am ..to.. 01.29pm VIRICHIKAM NEUTRAL
01.29pm ..to.. CLOSING THANUSH NEGATIVE
LAGNA TIMES CALCULATED WITH MUMBAI SUNRISE.



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

LAST(09/09) CLOSE@5640 (+33 POINTS)
LAST HIGH@5647 LOW@5608
WEEKLY HIGH@5647 LOW@5348

5DMA@5582
20DMA@5496
50DMA@5432
200DMA@5194
SEE NIFTY TRADING ABOVE ALL DMA'S.
POSITIVE ABOVE 5644 AND NEGATIVE BELOW 5622.


5-DAY RSI 85 AND 14-DAY RSI 69.
INDICATES NIFTY IN OVER BOUGHT ZONE.



WEEKLY KEY RESISTANCE@5644/5688
WEEKLY PIVOT @5611
WEEKLY KEY SUPPORT@5577/5444

EXPECTED RANGE FOR 13/09/2010.
5577-5688

RESISTANCE FOR 13/09/2010..... 5644/5666/5688
SUPPORTS FOR 13/09/2010..... 5622/5599/5577



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