Nifty Weekly Forecast From Oct 17, 2011 - Bear Market Rally will collapse (Expected Trading Range: 4747 - 5153)

Oct 14, 2011 - Nifty Closed today at 5132.3 which is 244 points (5%) up from the last week close of 4888.05 on Oct 7, 2011. Nifty was trading in between 4,882.05 and 5,141.40 which is about the swing of 259 points.



To watch Nifty Index in google finance, visit the following link:

NSE Index in Google Finance


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S&P 500 - Mar 2011 Technical Forecast - Update 2

Mar 16, 2011 S&P 500 closed today at 1256.88 which is down by 5.30% from month to date that is compared to close of Feb 28, 2011 - 1327.22

As expected per my earlier update, SP 500 closed today well below its 50 days moving average of 1294.66 but above its 200 days EMA of 1210.29.

Let's look the S&P technical levels. S&P will eventually go down and test 200 days EMA of 1210, before making a significant rally.

If S&P 500 touches its 200 days EMA of 1210.20, day traders can take long positions with protective put option or with stop loss...

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Nifty Technical Forecast Update 2

Mar 16, 2011 - Nifty Closed today at 5511.15 which is up by 3.336% for month to date (compared to Feb 28th 2011 Close of 5,333.25).

With reference to my earlier update , There are 3 days in intraday in which Nifty touched its 200 days EMA of 5568.10. Those 3 days are Mar 03, 04 and 09. There is enough retesting of 200 days EMA is done in the last two weeks.

To watch Nifty Index in google finance, visit the following link:

NSE Index in Google Finance

Now Nifty is trading with range bound between its 21days EMA and 200 days EMA that would be 5482.50 and 5560.68. I think Nifty will eventually regain its support level of 200 days EMA and creates euphoria between the investors before it leads to panic...

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S&P 500 - Mar 2011 Technical Forecast

Feb 28, 2011 S&P 500 closed today at 1327.22 which is just above its two and half years high. S&P closed above its 10, 21, 50 and 200 days EMA and giving us a strong bull signal.

With US unemployment rate (Seasonally Adjusted) remains at 9.0% in Jan 2010 and declining home prices, double dip is inevitable for US in the long term. Fed can not keep the rate low for a long time. When they start increasing the rate, home prices will go down further and it would trigger a new wave of foreclosures.

Let's look the S&P technical levels. S&P 500 is trading well above its 200 days moving average of 1210.81 and above its 50 days EMA of 1289.87. It gives a (wrong) bull signal on S&P 500 to go long.

However it would be perfect time to....

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Nifty Mar 2011 Technical Forecast

Feb 28, 2011 - Nifty Closed today at 5333.25 which is down by 3.135% for month to date (compared to Jan 31st 2011 Close of 5505.90). Feb month low was set on Feb 11th intra day at 5177.70 and closed on the same day at 5310.00.

Until Market open of Feb 08, 2011, Nifty was holding its strong support level of 5402.00 that I discussed on my earlier update .

To watch Nifty Index in google finance, visit the following link:

NSE Index in Google Finance

The next strong support level for Nifty would be 4806.75 that would be scary for many investors. As more psychological fear of holding Nifty Support Level of 5402.00, there was panic selling for around 2 days (51 hours - between 9:45 AM on Feb 08, 2011 - 12:06 PM on Feb 10, 2011) in which Nifty set its low point of 5177.70 at 12:06 PM IST which is down by 4.15 % from its support level.

When bottom is being formed always there would be....

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Nifty Feb 2011 Technical Forecast - Update 2

Feb 14, 2011 - Nifty Closed today at 5456.00 which is down by 0.91% for month to date (compared to Jan 31st 2011 Close of 5505.90). Feb month low was set on Feb 11th intra day at 5177.70 and closed on the same day at 5310.00.

Until Market open of Feb 08, 2011, Nifty was holding its strong support level of 5402.00 that I discussed on my earlier update .

To watch Nifty Index in...

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S&P 500 - Feb 2011 Technical Forecast

Jan 31, 2011 S&P 500 closed today at 1286.11 which is just 1.27 % down from its close to two and half years high. S&P closed near 10 days EMA and above its 21, 50 and 200 days EMA.

Last week, both Dow Jones industrial average index and S&P 500 index touched psychological fancy number of 12000 points and 1300 points respectively.

With US unemployment...

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Nifty Feb 2011 Technical Forecast

Jan 31, 2011 - Nifty Closed today at 5505.90 which is down by 9.81% in one month (compared to Dec 31st 2010 Close of 6105.10). January month low was set on Jan 31st at 5416.65 just after the market open and January month high was set on Jan 04th at 6181.05.

FYI - Nifty set its 52 weeks annual high of 6338.50 on Nov 5, 2010 and its 52 weeks annual low of 4,675.40 on Feb 08, 2010.


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Update on Commodity Bubble and Treasuries

Jan 07, 2011, As of today Dow Jones Index (DJIA) closed at 11675.76. With many analysts and main stream media projecting stock market bull view into 2011 as bond yield sours in the recent weeks, it is a very good time to long US treasuries. TLT set intra day low today at 91.03 provides an excellent buying oppotunities for US treasuries. TLT closed today at 92.35.

Gold and Silver prices started going down in trading during the first week of 2011. Both Gold and Silver...

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Nifty Jan 2011 Technical Forecast

Jan 07, 2011, Nifty closed today 5904.60 which has broken significantly the 50 days exponential moving average (EMA) of 5992.067 and currently looking for the next support levels which is set at 5766.50 on Dec 9, 2010 and 5751.95 on Nov 26, 2010. 200 days EMA for Nifty is: 5705.162.

With the short term correction Nifty can touch 200 days EMA of 5705.162 and can enjoy a significant....

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