correction on the cards

AMERICAN MARKET HAS GOT INTO CORRECTION MODE AND GLOBAL CORRECTION IS VERY MUCH ON THE CARDS . NIFTY MAY DRIFT TO 3600-3700 LEVELS BEFORE AUGUST EXPIRY .

FALL OF AMERICAN MARKET

YESTERDAY'S FALL IN US MARKET MIGHT LEAD TO FURTHER CORRECTION . TREND IS ON THE BLINK OF CHANGING FROM BULLISH TO BEARISH . S&P 500 MIGHT GO TO THE LEVELS OF 850-800 . STAYING AWAY FROM BUYING EQUITIES WILL BENIFIT TILL THE PICTURE IS CLEAR .

A TREND CHANGE POSSIBLE

TECHNICALS SUGGEST THAT THERE CAN / WILL BE CHANGE FROM BULLISH TO BEARISH SENTIMENTS AND THE MARKET COULD FALL FROM CURRENT LEVELS + 2.5 % TO FALL OF AROUND 10 % MIN. .
THIS MIGHT VERY WELL HAPPEN IN THE MONTH OF JULY '09.

JITIN.

OUR EQUITY MARKET

WEAKENING OF HOME CURRENCY AND CLIMBING RATE OF CRUDE PRICES , IS GOING TO EFFECT OUR EQUITY MARKET .

Trading on hang seng or Dow jones

Are you trading on any of these two exchanges , feel free to contact me for free demo for 15 days .

A SMART CORRECTION LIKELY

A CORRECTION OF MORE THAN 15 % CAN BE SEEN IN JUNE OR FIRST WEEK OF JULY ' 09

My favourite alphabet is W

This recovery is going to be W shape.

what about tommorrow and the day after

14 may nifty is expected to close in positive territory , and friday to see sell off.

NOTE

Note : Trading involves considerable risk. Trade at your own risk to the extent you are comfortable. The analyst shall not be responsible for any losses incurred for acting on these recommendations.

TODAYS JUMP A TRAP

MARKET WILL EVENTUALLY FALL , TODAYS JUMP WAS A TRAP AS PEOPLE WERE GETTING BEARISH BEFORE THE RESULTS . TOMMORROW IF ASIAN AND AMERICAN MARKETS REMAIN POSITIVE OUR MARKET WILL FALL .

hang seng market

hang seng will slip down after the break is over .

TREND NEXT WEEK

ONE MAY SEE NIFTY CLOSE TO 3500 BEFORE 16 MAY ' 09.
AND AFTER THE ELECTION RESULT MAY TURN 10- 15 % UP OR DOWN ACCORDING TO THE ELECTION RESULT .

RESISTANCE AND SUPPORT FOR NIFTY ON 11 MAY

RESISTANCE = 3700 ,3774 ,3832
SUPPORT =3568 ,3510 ,3436

R & S FOR 11-12 PM NIFTY FUT.

RESISTANCE- 3680,3697,3712.
SUPPORT -3648,3633,3616

SUPPORT AND RESISITANCE FROM 2 TO 3 PM '06 MAY

RESISTANCE = 3728 ,3739,3749.
SUPPORT = 3707,3697,3686.
NOTE - ALL THESE FIG.S ARE FOR NIFTY FUTURES.

support and resistance from 1 to 2 pm ' 6 may

R1 = 3721 ; S1 = 3685
R2 = 3733 ; S2 = 3661
R3 = 3757 ; S3 = 3649

RESISTANCE AND SUPPORT FOR MAY 6 ' 09

PP = 3656
R1 = 3689 ; S1 = 3619
R2 = 3726 ; S2 = 3586
R3 = 3759 ; S3 = 3549

A SERVICE TO EVERYONE

If you think on these 3 words , they can change your life forever ( if you want ).
And if you want to know what futures and options are , how to play in them , option stratergies , technical analysis etc.
One of the most important things is that how can you trace a market by reading graphs (technical charts ) during market hours especially .
Or you want to know the trend of the market , during market hours by looking at options data .
Nobody teaches you like this , but they give tips only and you are dependent on that person to trade the market .Its like, if your driver knows well about the routes then only you can reach your destination . Just go with what your heart says .

JITIN
09899418696.

RESISTANCE AND SUPPORT

PP= 3596 ; R1 = 3714 ; R2 = 3782 ; R3 = 3900
S1 = 3528 ; S2 = 3410 ; S3 = 3342

Closing for 28 th april ' 09

NIfty is expected to close at around 3420 today .

SUPPORT AND RESISTANCE FOR NIFTY

The pivot point for nifty is @ 3468 . First resistance is @ 3516 , r2 @ 3568 , r3 @ 3616 .
Support comes @ 3416 . s2 @ 3368 , s3 @ 3316 .
Pivot point is a point where major buying and selling takes place. So, pivot point acts as major resistance and support as the case may be.

trade well.

3 DAYS TO EXPIRY

3 days to expiry and still 85,000 crores of futures are open , the highest since 2007 jan. Market is likely to close below 3550 on nifty. One can buy in the money puts till expiry. 5 th may is the day when stress test result of top 17 US banks will be made public. The world market will have their eyes installed on this major event for near future . One can hedge their position and when the reacts according to the result can book profit . May options are showing more than expected premium during this time . Till the election results are out and a stable government is seen volume may tend to be on the lower side as compared to april series . FIIS are expected to be side watchers over the election result . Trade well.