The Nifty outlook for 28th September

The Nifty outlook for 28^th September 

The Asia Pacific region was looking good today so was the European markets. But these did not help us. The Nifty opened at 5673 but after gaining 20 points I came to settle at 5649  this is not much of a trading.

The new pivot point is 5661 not much different form yesterday. If the nifty manages to stay above the pivot of 5661 then it could climb to see the levels of 5695 and 5708. On the lower side if it trades below the pivot it could signal a weak market and pull the nifty down to 5620 and 5607 levels

Nifty pivots for intraday traders .

Mid R3          5726       R3              5736

Mid R2          5699       R2              5715

Mid R1          5672       R1              5682

Pivot             5661

Mid S1          5645       S1              5628

MID S2         5618       S2              5607

Mid S3          5591       S3              5574

Happy trading!!

The Nifty outlook for 27th September

The Nifty outlook for 27^th September 

Almost all of Asia Pacific region were in the red and so was the Europe in the last trading session.. As I write this the Dow was down 44 points. The Nikkei was also in the red. So how our market will behave is something interesting to watch. If the nifty manages to stay above the pivot of 5658 then it could climb to see the levels of 5696 and 5709. If it loses ground it could test even levels of 5621 and 5609. What I have suggested is the price range in which Nifty could trade.

For intra day traders who use pivots to trade I have given the pivots  below.

Mid R3   5702              R3              5712

Mid R2   5685              R2              5692

Mid R1   5668              R1              5678

Pivot       5658

Mid S1   5651              S1              5644

MID S2  5634              S2              5624

Mid S3   5617              S3              5610

Happy trading!!

The Nifty outlook for 26th September

The Nifty outlook for 26th September

The Nifty had not crossed 5702 in the last trading. As I wrote in the last post profit booking could be one reason.  As I write this the European indexes were in the green and the Dow too .

The new pivot level is 5676 which lower than yesterday. Here onwards the Nifty levels are 5709, 5722,5735 and 5747 are possible

On the lower side 5659, 5646 and 5634 are also possible.

Happy trading!

The Nifty outlook for 25th September

The Nifty outlook for 25th September

Many analysts have advised profit booking because of the current valuations. Today the nifty did not make any move corresponding to the previous trading session. Any way it has closed above the pivot point. It did not make significant lows. As I wrote in my earlier post, the overall trend is very much intact. Some minor corrections may come in especially when the Nifty sees new highs.

The new pivot level is centered around 5681. From this point the Nifty could see levels of 5708, 5721 and 5734. The Nifty could see resistance at 5746, because selling pressure that might set in.

As I write this the Nikkei and Seoul have opened in the red. The Dow has not made any significant move yesterday.  On the lower side 5658, 5645 and 5633 are also a possibility.

Happy trading!

Pivots for Currencies on 23rd September

Pivot levels for currencies for trading on 23^rd  September

	EURINR-I	GBPINR-I	JPYINR-I	USDINR-I
R3	71.0242	88.7200	70.0900	54.8700
Mid R3	70.8425	88.5175	69.8800	54.7013
R2	70.6608	88.3150	69.6700	54.5325
Mid R2	70.3488	87.9650	69.3325	54.2613
R1	70.0367	87.6150	68.9950	53.9900
Mid R1	69.8550	87.4125	68.7850	53.8213
Pivot	69.6733	87.2100	68.5750	53.6525
Mid S1	69.3613	86.8600	68.2375	53.3813
S1	69.0492	86.5100	67.9000	53.1100
MID S2	68.8675	86.3075	67.6900	52.9413
S2	68.6858	86.1050	67.4800	52.7725
Mid S3	68.3738	85.7550	67.1425	52.5013
S3	68.0617	85.4050	66.8050	52.2300

The Nifty’s steep climb saw the dollar losing ground. The same could be said with other currencies too. In the coming weak  we could see the currencies bouncing back. However more volatility could be witnessed. We have to wait and see how the next two trading sessions endings to properly analyze the currencies.

Happy trading!!