Forecast for 12-01-09

we can see the Triple bottom in the nifty in the last trading day,so we can expect small bull for the next 2days . if the bottom breaks then 2765, 2740, 2675, 2575

NIFTY AND RIL Piercing line Bullish

Hi friends this my view for the coming week as per the weekly chart NIFTY & RIL formed an piercing Bullish so we can except coming week also a bullish week.
If the mkt doesn't cross the nifty last week high mkt can go down again.
if market cross last week low we can expect bearish again .

swing Trade for coming days31-12-08

Todays market had a good bull run but it fail to cross 3000 and same time it created an Double top in NIFTY,RIL and SBI.so we have go long after this three breakes the todays (30-12-08)high.other wise be on BEER side.
Happy trading

RIL
BUY-1278
STOPLOSS-1220
TGT-1300, 1350 AND 1400

SELL-1220
STOPLOSS-1278
TGT-1200,1140,1100

SPOT NIFTY
BUY-3006
STOPLOSS- 2895
TGT- 3040,3100 AND 3250

SELL-2895
STOPLOSS-3006
TGT-2810,2710 AND 2575

SBIN & INFY FOR 24-12-08

You can see the DOJI in INFY & SBIN on 23-12-08 EOD so we can enter for TOMORROW trade.

DOJI in SBIN EOD
BUY-1285
STOPLOSS-1245
TGT-1290,IF BREAKS 1325 THEN 1350 AND 1400

SELL-1245
STOPLOSS-1285
TGT-1226,1190,1150





FOR INFY TRADE

BUY- 1195
STOPLOSS- 1158
TGT-1205,1250,1300&1350

SELL- 1158
STOPLOSS- 1195
TGT-1140,1120,1100&1090

Market forecast for 22-12-08

In the last week nifty had a good move from its low level, But RELIANCE has not move like nifty so you can see DOJI in the weekly chart of RIL this can move the market down in the coming days. One more thing is SBI created a shooting star bearish in the last trading day this also an indicator for down direction.

So we can go long if RIL and SBI Breaks the Last week high other wise be in Bear mkt side .

How Trade in EMA setup for NIFTY

Click the Chart for Better view
This is an Very simple Trading Method used by most of the
Trades now a daySetup an EMA (13,21,102) in Yahoo
Interactive chart and Trade or click this link http://finance.yahoo.com/charts?s=%5ENSEI#chart1:symbol=^nsei;range=5d;
indicator=ema(21,102)+volume;charttype=candlestick;crosshair=on;ohlcvalues=0;
logscale=off;source=undefined