Monday, January 31, 2011

NIFTY OUTLOOK FOR 01/02/2011 BY niftysign.blogspot.com

AS EXPECTED GLOBAL CUES BRING DOWN NIFTY
TO 5416 AND RECOVERY AT THE CLOSING HOURS.
BUT STILL THE WORST IS NOT YET OVER. PLEASE
WAIT FOR CLEAR TREND BEFORE TRADE.

WE HOPE 5422 OR 5333 IS THE FINAL DESTINATION
OF THIS CORRECTION WAVE. BUT BOUNCE EXPECTED
ONLY AFTER 2 OR 3 DAYS CONSOLIDATION.

AGAIN WE BRING FOLLOWING TO YOUR KIND ATTENTION.
NOW THE BIG SUPPORT AVAIL AT 5333.
BUT WE HOPE THIS IS JUST A CORRECTION AND A PART
OF BULL MARKET. AFTER GETTING CONSOLIDATION
THIS WEEK SEE BUDGET RALLY FROM NEXT WEEK.

DONT THROUGH AWAY STOCKS AT THIS TIME.
START TO BUY SLOWLY. GOOD TIMES AHEAD.



THE TECHNICALS ARE AS FOLLOWS....
THE TREND REVERSAL POINT IS NOW AT 5597 AND
THE 200DMA PLACED AT 5623. SO 5599-5622 LEVEL
SEEMS BIG RESISTANCE NOW. ANY CLOSE ABOVE
THIS LEVEL WILL BRING LIFE TO BULLS.

STILL THE CORRECTIVE WAVE STARTED ON 04/01
FROM 6181 IS ACTIVE. NOW THE TERMINATION
OF THIS WAVE WILL BE CONFIRMED BY TWO CLOSES
ABOVE 5597.

NOW THE TREND REVERSAL POINT IS 5597.
KEEPING 5597-SPOT AS STOPLOSS BEARS CAN SHORT
IN EVERY UP MOVE.

BULLS HAVE TO WAIT FOR NIFTY TO CLOSE ABOVE
5597 AND THEN CAN INITIATE FRESH LONGS.

US DOLLAR INDEX SLIP BELOW 80 NOW AT 77.81.
DOW FUTURE PLUS 40POINTS. GREEN TREND SEEN.


NIFTY WEEKLY RANGE
====================
5333/5422-5511-5600/5688/5777


AS PER ASTRO THIS WEEK
=======================
TUESDAY... GREEN OPENING AND CHOPPY NOON.
WEDNESDAY.. NEGATIVE DAY.
THURSDAY.... POSITIVE DAY.
FRIDAY....... GREEN AND CHOPPY




NIFTY FUTURE MOMENTUM PLAY FOR TUESDAY
========================================
BUY NIFTY-FUT ABOVE 5533 TARGET 5555/5577 STOPLOSS 5511.
SELL NIFTY-FUT BELOW 5511 TARGET 5488/5466 STOPLOSS 5533.



ASTRO VIEW 01/02/2010
======================
MOON SAIL IN POORADAM (SUKRAN SAARAM) UP TO 11.36AM
THEN IN UTHRADAM (SUN SAARAM).
THIS IS THANUSH SIGN, GURU'S HOME.
GURU IS AT 4TH PLACE.
RAAHU IS AT SAME PLACE.

POSITIVE TREND IN OPENING HOURS. SUN SAARAM MAY
BRING CHOPPY MARKET FROM NOON.


01/02/2011 BIRTH NO.1 FATE NO.7
----------------------------------
GOOD FOR PHARMA.


OUT PERFORMERS FOR 01/02/2011
---------------------------------
PSU, IT, AND PHARMA FROM NOON.


UNDER PERFORMERS FOR 01/02/2011
---------------------------------
FMCG, OIL, STEEL, AND POWER.


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

OPENING ..to.. 09.41am KUMBAM NEGATIVE
09.41am ..to.. 11.16am MEENAM NEUTRAL
11.16am ..to.. 12.59pm MESHAM POSITIVE
12.59pm ..to.. 02.58pm RISHABAM NEGATIVE
02.58pm ..to.. CLOSING MITHUNAM NEUTRAL

LAGNA TIMES CALCULATED WITH MUMBAI SUNRISE.



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

LAST(31/01) CLOSE@5505 (-7 POINTS)
LAST HIGH@5526 LOW@5416
WEEKLY HIGH@5801 LOW@5416

5DMA@5611
20DMA@5783
50DMA@5879
200DMA@5623

IMMEDIATE TREND NEGATIVE.
NEXT SUPPORT AT 5422 LEVEL.
POSITIVE ONLY ABOVE 5533.


5-DAY RSI 18 AND 14-DAY RSI 30.
INDICATES NIFTY IN OVERSOLD ZONE.


WEEKLY KEY RESISTANCE@5600/5688/5777
WEEKLY PIVOT @5511
WEEKLY KEY SUPPORT@5422/5333


EXPECTED RANGE FOR 01/02/2010.
IN SPOT 5422-5600

SPOT RESISTANCE FOR 01/02/2010.. 5555/5577/5600
SPOT SUPPORTS FOR 01/02/2010.. 5466/5444/5422




SHORT-TERM TREND FROM ASTROLOGY
================================
YEARLY PLANETS GURU, RAAHU AND KETHU
TAKING GOOD PLACE.
MARS GETTING HUGE POWER.
GURU HAVE SHIFTED KANYA NAVAMSAM.
SATURN GETTING REVERSAL (VAKRAM) ON SATURDAY.

INVESTORS NEED NOT TO GET PANIC. GOOD
TIMES AHEAD FOR EQUITY MARKETS.



ASTRO-BASED WEEKLY NOTES FOR TRADERS
=====================================

1.REALITY POSITIVE FROM THURSDAY
------------------------------------
SUKRAN IN THANUSH HOME. KEEPS MESHAM AS AMSAM
UP TO WEDNESDAY NIGHT AND MOVE TO OWN RISHABAM
NAVAMSAM FROM THEN. POSITIVE FOR REALITY FROM
THURSDAY MORNING.



2.AVOID POWER, INFRA AND FERTILIZER
----------------------------------------
MARS SAILING IN APEX HOME BUT TAKES MITHUNAM AMSAM UP TO
TUESDAY NIGHT AND GETTING KADAKAM-DECLINE AMSAM FROM
WEDNESDAY. AVOID ABOVE SECTORS FOR THIS WEEK.



3. LITTLE UPSIDE MOVE FOR TELECOM.
-----------------------------------
MARS LOOSING ITS HUGE POWER. BUT MERCURY GETTING FAST
MOVING. SO LITTLE GREEN EXPECTED FOR THIS WEEK.


4. VOLATILE DAYS FOR OIL AND STEEL.
-----------------------------------------
SAME AS LAST WEEK.
SATURN NOW IN KANYA SING. ON LAST SUNDAY SATURN
GET REVERSAL. BUT KEEPS FRIENDLE HOME
MITHUNAM AMSAM. WE EXPECT WILD SWINGS
AND VOLATILE TRADING DAYS IN ABOVE SECTORS.


5. GREEN DAYS FOR BANKING AND FINANCE
-------------------------------------
BUY IN DIPS BELOW,
SBI, ICICI, IDFC, AND LIC HF.
GURU GETTING SLOW DOWN.
GREEN DAYS ARE AHEAD.



7. OTHERS
-----------
PSU=== NEUTRAL.
AUTO== POSITIVE FROM THURSDAY.
IT==== POSITIVE.
RIL=== POSITIVE WEEK.
ADAG== NEGATIVE WEEK.





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