Market Outlook and Expectation for today (30092011)

Nifty is likely to open negative today following the weak global cues. The first support lies at 4985.23. If went further down it can touch 4936.21 or even 4856.98 at the bottom level. An upward movement can pull up to 5064.46. If moved up further can test 5113.48 and 5241.73.

Asian stocks dropped for the first time in four days, with the regional benchmark index set for its biggest quarterly decline since December 2008, as U.S. economic reports failed to soothe investors’ concern that growth in the world’s largest economy is faltering. Japan’s Nikkei was up 0.25 percent and Hangseng was down nearly 2 percent. SGX Nifty was down 39.50 points at 4996.5 (8:55 am IST).

U.S. stocks rose, rebounding from a 1 percent decline in the Standard & Poor’s 500 Index, as lower- than-estimated claims for unemployment benefits helped offset losses by consumer and technology shares. The S&P 500 added 0.8 percent to 1,160.40 at 4 p.m. New York time. The Dow Jones Industrial Average added 143.08 points, or 1.3 percent, to 11,153.98.

Yesterday European stocks climbed for the fourth time in five days as U.S. employment and growth data exceeded forecasts and German lawmakers backed an enhanced euro- region rescue fund.    Germany’s DAX and France’s CAC 40 advanced 1.1 percent. The U.K.’s FTSE 100 declined 0.4 percent as mining companies fell.

Courtesy: Bloomberg.com, moneycontrol.com

NIFTY INTRADAY CALL FOR SEPTEMBER 29,2011

Based on LTP of Nifty Futures at 9:30 IST

Buy at/above 5023.27 for targets of 5041/5058.77/5076.56

Sell at/below 4865.06 for targets of /4847.64/4830.25/4812.89/4795.56

Disclaimer: This is not a recommendation for trading, but is based on calculations for reference purpose only. People should refer to their broker/advisor before taking any positions.

Market Outlook and Expectation for today (29092011)

Nifty is likely to open negative today following the weak global cues. The first support lies at 4907.55. If went further down it can touch 4869.2 or even 4781.6 at the bottom level. An upward movement can pull up to 4995.15. If moved up further can test 5044.4 and 5132.

Asian stocks fell for the first time in three days, the dollar and yen strengthened, and commodities extended yesterday’s declines amid concern European policy makers will struggle to stem the region’s debt crisis. Japan’s Nikkei is down 1.16 percent and Hangseng was down nearly 1 percent. SGX Nifty was down 24.5 points at 4916.5 (7:50 am IST).

U.S. stocks declined, halting a three-day rally for the Standard & Poor’s 500 Index, amid growing concern that European leaders are divided over how to handle Greece’s debt crisis. The S&P 500 lost 2.1 percent to 1,151.06 at 4 p.m. New York time and the Dow Jones Industrial Average fell 179.79 points, or 1.6 percent, to 11,010.90 yesterday.

European stocks declined, snapping the biggest three-day rally in 16 months, amid concern that holders of Greek bonds will suffer larger losses than previously agreed upon.  Germany’s DAX Index and France’s CAC 40 Index both declined 0.9 percent. The U.K.’s FTSE 100 Index retreated 1.4 percent.

Courtesy: Bloomberg.com, moneycontrol.com

Market Outlook and Expectation for today (28092011)

Nifty is likely to open flat today following the flat global cues. The first support lies at 4953.11. If went further down it can touch 4923.28 or even 4875.31 at the bottom level. An upward movement can pull up to 5001.08. If moved up further can test 5030.91 and 5108.71.

Asian stocks advanced for a second day, with the regional benchmark index heading for its biggest two-day gain since December 2009, after Greece made progress in meeting requirements for more international aid and Germany vowed continued support for the country. Japan’s Nikkei and Shanghai Composite were marginally up and Hangseng was down nearly 1 percent. SGX Nifty was up 7 points at 4990 (7:50 am IST).

U.S. stocks rose, after Greece made progress in meeting requirements for more international aid and Germany vowed continued support for the country. The S&P 500 increased 1.1 percent to 1,175.38 at 4 p.m. New York time and the Dow Jones Industrial Average rose 146.83 points, or 1.3 percent, to 11,190.69 yesterday.

European stocks climbed the most in 16 months amid speculation policy makers will increase efforts to contain the region’s sovereign-debt crisis. Germany’s DAX Index soared 5.3 percent, France’s CAC 40 rose 5.7 percent and the U.K.’s FTSE 100 advanced 4 percent.

Courtesy: Bloomberg.com, moneycontrol.com

NIFTY INTRADAY CALL FOR SEPTEMBER 27,2011

Based on LTP of Nifty Futures at 9:30 IST

Buy at/above 5023.27 for targets of 5041/5058.77/5076.56

Sell at/below 4865.06 for targets of /4847.64/4830.25/4812.89

Disclaimer: This is not a recommendation for trading, but is based on calculations for reference purpose only. People should refer to their broker/advisor before taking any positions.

Market Outlook and Expectation for today (27092011)

Nifty is likely to open positive today following the positive global cues. The first support lies at 4824.68. If went further down it can touch 4769.56 or even 4703.73 at the bottom level. An upward movement can pull up to 4890.51. If moved up further can test 4945.63 and 5066.58.

Asian stocks rebounded from their lowest level since May 2010 after two days of gains in U.S. equities, amid optimism that European leaders may be closer to agreeing ways to tame the region’s credit crisis. Japan’s Nikkei climbed nearly 2 percent and Hangseng was up nearly 3 percent. SGX Nifty was up 77.50 points at 4917.50 (8:00 am IST).

U.S. stocks advanced, giving the Dow Jones Industrial Average its biggest increase in a month, amid speculation that European policy makers will act to prevent the region’s debt crisis from getting worse.  The Standard & Poor’s 500 Index added 2.3 percent to 1,162.95 at 4 p.m. in New York and the Dow average climbed 272.38 points, or 2.5 percent, to 11,043.86.

European stocks rose for a second day as foreign governments and central banks urged policy makers in Europe to intensify efforts to contain the region’s debt crisis following meetings with the International Monetary Fund.  Germany’s DAX gained 2.9 percent, France’s CAC 40 rose 1.8 percent and the U.K.’s FTSE 100 advanced 0.5 percent.

Courtesy: Bloomberg.com, moneycontrol.com

NIFTY INTRADAY CALL FOR OCTOBER 26,2011

Based on LTP of Nifty Futures at 9:30 IST

Buy at/above 4882.55 for targets of 4900/4917.52/4935.06

Sell at/below 4865.06 for targets of /4847.64/4830.25/4812.89

Disclaimer: This is not a recommendation for trading, but is based on calculations for reference purpose only. People should refer to their broker/advisor before taking any positions.

Market Outlook and Expectation for today (26092011)

Nifty is likely to open weak today following the negative Asian cues. The first support lies at 4821.48. If went further down it can touch 4775.21 or even 4674.56 at the bottom level. An upward movement can pull up to 4922.13. If moved up further can test 4976.51 and 5077.16.

Asian stocks fell, led by Japanese shares, as Europe’s failure to tame the region’s sovereign-debt crisis threatens global economic growth. Japan’s Nikkei slid 1.65percent and Hangseng fell nearly 1 percent. SGX Nifty was flattish at 4869 (8:00 am IST).

U.S. stocks fell last week, sending the Dow Jones Industrial Average to the biggest loss since 2008, as the Federal Reserve said risks to the economy have increased and concern grew that policy makers will fail to spur growth. The S&P 500 dropped 6.5 percent to 1,136.43 and the Dow dropped 737.61 points, or 6.4 percent, to 10,771.48.

European stocks had the biggest weekly drop in seven as the Federal Reserve said it sees “significant downside risks” for the economy and speculation grew that policy makers will be unable to solve the debt crisis.  Germany’s DAX Index declined 6.8 percent and France’s CAC 40 dropped 7.3 percent. The U.K.’s FTSE 100 slid 5.6 percent.

Courtesy: Bloomberg.com, moneycontrol.com

Based on LTP of Nifty Futures at 9:30 IST

Buy at/above 5023.27 for targets of 5041/5058.77/5076.56

Sell at/below 5148.06 for targets of 5005.56/4987.89/4830.25/4812.89

Disclaimer: This is not a recommendation for trading, but is based on calculations for reference purpose only. People should refer to their broker/advisor before taking any positions.