Chart Speaks

NiftyUpdates For 23Jun-----Inderbhatia

2010-06-22T20:17:00.000+05:30

The Indian market opened on flat note and traded negative zone through out the session and close with red zone . For coming trading we can see profit booking on the lower side 5269-5225 zone to watch any bounces . On the other side 5350-5366 zone will act resistances for the day

NiftyUpdates For 22Jun-------InderBhatia

2010-06-21T20:26:00.000+05:30

The Indian market opened on positive note and momentum was upside through out the session close with handsome gains . For coming session if nifty trade above 5370 it likely to test 5400-5421 zone.On the other side 5310-5290 zone will act support for the day

WeeklyUpdates For 21Jun--------InderBhatia

2010-06-20T18:02:00.001+05:30

Last week sensex rose 506 point as 2.96 %and the nifty close higher 2.79% .On the daily chart nifty had made spinning top candlestick pattern it indicating for profit booking at higher level one can buy at lower level around 5220-5180 zone .Nifty is making higher top higher bottom formation on daily chart .On the upside trading above 5306 level it likely to test 5340-5380 level . On the other side 5246 -5148 zone will act as support for the week

The Indian market opened flat note saw selling pressure at higher level close with negative zone . For coming session 5247 level with act as support for nifty below 5247 it can test 5220 -5180 zone .On the upside trading above 5303 zone it likely to test 5340 zone .

BUY JAIPRAKASHPOWER ABOVE 72 TGT 83>97 STOPLOSS 67

SELLBOB BELOW 690 TGT 670>653 STOPLOSS 705

NiftyUpdates For 18JUn----InderBhatia

2010-06-17T20:19:00.000+05:30

The Indian market opened on flat note saw small correction pullback from level close with green zone . For coming session trading above 5300 level it likely to test 5330-5350 zone . On the other side 5200-5167 zone will support on the lower side . On hourly and daily chart market are trading over bought zone .

NiftyUpdates For17Jun-----InderBhatia

2010-06-16T21:17:00.000+05:30

The Indian market opened on positive note saw choppy session and close with green zone . For coming session on hourly chart we are seen negative divergences trading below 5215 zone nifty can test 5180-5156 zone . On the other side 5256 zone will act as resistances for the day

NiftyUpdatesFor16jun----InderBhatia

2010-06-15T21:41:00.001+05:30

The Indian market opened flat note and traded narrow range and saw momentum second half session close with green zone. For coming session if nifty trade above 5227 level it likely to test 5250-5280 zone . On the other side 5164-5132 zone will act support for the day

NiftyUpdates For 15Jun---InderBhatia

2010-06-14T20:17:00.000+05:30

The Indian market opened positive note momentum was upside close with green zone . For coming session 5205-5214 zone to watch if nifty trade above 5220 it likely to test 5250-5283 zone . On the lower side trading below 5167 we can see selling pressure

WeeklyUpdatesFor14Jun----InderBhatia

2010-06-13T19:58:00.002+05:30

The Indian market opened gap up and saw selling around 5137 zone close with green zone . For coming session if nifty trade above 5147 level it likely to test 5180-5200 zone .On the lower side 5040-5060 zone will act support for the day .On the hourly we can see small negative divergences on hourly chart indicating for profit booking at higher level

Last week sensex ended with marginally lower 0.4%and the nifty by0.3% .On the daily chart nifty is making higher top higher bottom formation and trading below 4961 zone violation of higher bottom formation . Nifty is still trading around 61 % Fibonacci Retracement of move from 5351 high and low 4782 it will act as resistance zone closing above 5153 zone likely to test 5200-5215 zone .On the other side trading below 4960 zone we can see more selling pressure .

BUY FINOLEXINDS AROUND 71.50 TGT 79>84 STOPLOSS 69

BUY COX&KINGSAROUND 435-430 TGT 469>511 STOPLOSS 417

NiftyUpdates For 11Jun---- InderBhatia

2010-06-10T19:49:00.001+05:30

The Indian market opened - on positive note saw momentum in second half session and close with green zone .For coming session if nifty trade above 5085-5098 zone it likely to test 5130-5148 zone . On the lower side 5030-5040 zone will act as support for the day

NiftyUpdates For 10Jun----InderBhatia

2010-06-09T20:42:00.000+05:30

The Indian market opened flat note and saw choppy session and close with green zone . For coming session 5047-5070 are resistances zone for strong move nifty has to take out 5069 zone .On the lower side breaking below 4960 can seen selling pressure towards 4900-4890

NiftyUpdates For09Jun-----InderBhatia

2010-06-08T21:12:00.001+05:30

The Indian market opened flat note and saw selling pressure at second half session close with red zone . For coming session if nifty trade below 4960 then we can see violation of higher top higher bottom formation and it can test 4900-4893 on lower side .On the upside 5001-5030 zone will act as resistances for the day .

NiftyUpdates For09Jun-----InderBhatia

2010-06-08T21:12:00.000+05:30

NiftyUpdates For 08Jun----InderBhatia

2010-06-07T21:37:00.000+05:30

The Indian market opened gap down on week global cues and close deep with red zone . For coming session if nifty trade above 5045 it likely to test 5073 zone .On the other side 5004-4990 zone will act as support for the day .

WeeklyUpdatesFor07Jun---InderBhatia

2010-06-06T19:24:00.002+05:30

BUY EXCEL CROP AROUND 200-195 TGT 227 >240 STOPLOSS 187

Last week sensex ended with net gain of 1.5%and the nifty gains by 1.4% .On the daily chart nifty is making higher top higher bottom formation and trading below 4961 zone violation of higher bottom formation .On the Friday nifty had tested 61 % Fibonacci Retracement of move from 5351 high and low 4782 it will act as resistance zone closing above 5153 zone likely to test 5200-5215 zone .On the other side trading below 4960 zone we can see more selling pressure .on Friday Dow Jones had seen sharp sell off we can open around 5093-5080 zone

The Indian market opened weak note on weak global cues bounces from the lower level and close with green note . On hourly chart we are seen two option first we hand seen invert head and shoulder pattern and second rising wedge .Invert head shoulder breakout target 5347 zone and second cracking wedge below 5057 can drift lower side . For long position 4961 stoploss

NiftyUpdates For04Jun-----InderBhatia

2010-06-03T20:29:00.000+05:30

The Indian market opened gapup and rally upside through out the session and close with green zone . For coming session we can test 5133 and small profit booking to lower side 5070 zone .On the take out of 5136 likely to test 5188 zone

NiftyUpdates For03JUn----InderBhatia

2010-06-02T19:53:00.000+05:30

The Indian market opened flat note and saw upside on second half of trading session close with green zone .For coming session if nifty cross above 5034 it likely to test 5065-5088 zone .On the other side 4965 zone will act support for the day

STOCK TO WATCH -ACC ,ULTRATECH CEMO, TCS

NiftyUpdates For02Jun---Inder Bhatia

2010-06-01T22:25:00.000+05:30

The Indian market opened lower note and drift below 5038 seen sell off and close with deep red zone . For coming session 4936 -4901 for any bounces on the upside .On the other side 5007-5023 zone will act resistances for the day . .

NiftyUpdates For 01Jun-----InderBhatia

2010-05-31T21:02:00.000+05:30

The Indian market opened flat note and traded with choppiness and close with green zone .Nifty had close around resistances trend line 5088 zone trading above 5096 it likely to test 5123-5156-5183 zone . On the lower side trading below 5038 it likely to test 4980-4940 levels .

WeeklyUpdates For 31May----InderBhatia

2010-05-30T22:21:00.001+05:30

BUY ALLAHABAD BANK ABOVE 162.80 TGT 171>175 STOPLOSS157.50

BUY AMRUTANJAN AROUND 655-640 TGT 773>850 STOPLOSS630

Nifty weekly Invert Chart

Last week sensex ended with net gain of 2.54% and the Nifty gain by2.75 % .On the daily chart nifty rebound from the lower level and takeout 5030 level as lower top lower bottom formation and close above 5030 zone . Nifty still trading in channel and we just close around the upper side of channel 5088 zone will act resistance zone . On the lower side 4936-4906 will act as support for the week closing above 5083 it likely to test 5123-5186 zone On lower side breaking below 4786 zone it likely to test 4765-4660 zone and closing below 4810 zone on weekly basis nifty breakdown from the range or channel towards lower side and range target will 4028 zone . On weekly chart we are trading in channel nifty is near lower trend line of channel and good support zone .

The Indian market opened on gap-up and momentum was upside through out the session and close with green zone . For coming session 5083 level to watch for profit booking and good support around 4953-4936 zone for bounces On the other side above 5074 it likely to test 5110-5163 zone .

NiftyUpdates For 28May-----InderBhatia

2010-05-27T22:14:00.000+05:30

The Indian market opened flat note and keep moving upside as day progress and close with positive note .For coming session if nifty trade above 5028 it likely to test 5090-51110 zone , On the other side 4956-4930 will act support zone .

NiftyUpdates For27May-----InderBhatia

2010-05-26T22:06:00.000+05:30

The Indian market opened gapup saw strong movement upside and close with positive note. For coming session 4951-4974 zone to watch for pullback and act as resistances for the day . On the lower side 4860-4823 zone will act support for the day . For any up move nifty has to breakout from channel and close above it

NiftyUpdates For26May----Inderbhatia

2010-05-25T21:29:00.000+05:30

The Indian market opened gapdown weak global cues saw broad base selling and close with deep in red . For coming session nifty just close around lower trendline of channel closing below 4800 on weekly basis breakdown from cannel .On the other side market are trading oversold zone pullback around 4846-4921 can seen.

NiftyUpdates For25May10---Inder Bhatia

2010-05-24T21:15:00.000+05:30

The Indian market opened gapup on positive global cues but not able sustain at higher level close with marginal green zone . For coming session if nifty trade below 4910 it likely to test 4476-4841 zone . On the other side trading below 5055-5073 zone will act resistances for the day

WeeklyUpdates For 24May---InderBhatia

2010-05-23T23:12:00.003+05:30

Nifty weekly invert chart

The Indian market opened on weak note and bounces from the lower level and close with red zone . For coming if nifty trade above 4973 zone it likely to test 5016-5033 zone .On the other side 4881 -4890 zone will act as support for the day .On the hourly chart we can seen positive divergences as price are moving lower but indicator are moving higher but price trade abive 4945 positive divergence will get confirmation .

Last week sensex ended with net loss of 3.23% and the Nifty lost by3.19 % .On the daily chart nifty had made hammer and just close above 200ema market are in oversold zone ready for pullback around 5053-5126 zone if nifty trade above 4973 zone.On daily chart s still making lower top lower bottom so intermediate trend is down .On other side breaking below 4815 zone it likely to test 4765-4660 zone and closing below 4810 zone on weekly basis nifty breakdown from the range or channel towards lower side and range target will 4028 zone . On weekly chart we are trading in channel nifty is near lower trend line of channel and good support zone .

BUY BPCL ABOVE 559 TGT 577>583 STOPLOSS 543

24mayBUY JINDAL STEELAROUND 630 TGT 647>661 STOPLOSS 614

NiftyUpdates For20May---Inderbhatia

2010-05-19T21:42:00.000+05:30

The Indian market opened gap down on weak global cues saw selling pressure after mid session close with deep red zone . For coming session below 200 ema we can test 4841 zone .On the other side 4985-5020 will act as resistances zone .

NiftyUpdates For19May-----InderBhatia

2010-05-18T20:37:00.001+05:30

The Indian market flat note saw recovery in second half session and close with green zone . For coming session if nifty trade above 5097 it likely to test 5126 zone . On the other side 5030 zone will act support for the day and below 5022 we can see selling pressure .

NiftyUpdates For 18May---Inder Bhatia

2010-05-17T21:15:00.000+05:30

The Indian market opened gap down and saw good recovery from afternoon session and after hitting 4966 zone close with red zone . On the daily chart Nifty had formed Hammer pattern and nifty trade above 5097 it likely to test 5126-5135 zone . On lower side 5038 zone watch for support for the day

WeeklyUpdates For17May----InderBhatia

2010-05-16T20:44:00.002+05:30

SELL BANKOFINIDA BELOW 329 TGT 310>297STOPLOSS338

BUY SUNPHARMAABOVE 1603 TGT 1635 >1659 STOPLOSS 1586
Nifty weekly support around lower end of channel above chart is invert nifty weekly chart The Indian market opened on weak note and saw selling pressure on second half session close with red zone . On the hourly chart nifty hade made Double top around 5226 zone or we can say M pattern and breakout below 5096 it likely to test 4966 the breakout range as shown above chart . On the other side 5126 zone will act resistances for the day .
Last week sensex ended with net gain by 1.3% and nifty closed positive by 1.5%,On Monday market was up by more than 500 point and nifty 170 point around 5200 zone but every time nifty went near 5200 zone but not able to sustain and close above 5226 level finally on Friday we saw sharp sell off from higher level . On daily chart Nifty retrace 61% pullback around 5200 zone and came down nifty is forming lower top –lower bottom formation indicates for more down side ,If nifty trade below last week low 4986 it likely to test 4860 zone as shown on weekly chart.On the lower side minor support around 4900-4860 zone , For any upside nifty has breakout from the channel

NiftyUpdates For 14May-----Inder Bhatia

2010-05-13T20:53:00.000+05:30

The Indian market opened on gap up on positive global cues and close with green zone . For coming session 5226 zone to watch for any breakout from the channel . On the other side if nifty not able cross 5210 zone below 5147zone it likely to test 5110-5090 zone .
.

NiftyUpdates For13May---InderBhatia

2010-05-12T22:38:00.000+05:30

The Indian market opened on flat note and saw volatile session saw selling pressure at higher zone lose with green note .For coming session nifty is moving in channel above 5194 zone we an breakout from the channel and nifty an test 5240-5260 level . On the other side nifty is trading in range 5090-5170 zone below 5090 we an see selling pressure .

NiftyUpdates For12May----InderBhatia

2010-05-11T20:31:00.001+05:30

The Indian market opened on weak note saw choppy session and close with red zone . Nifty not able to cross 5226 level for any up move nifty has to cross 5226 zone below that selling pressure will there .On the lower side below 5110 below it cant test5089-5070 zone .

NiftyUpdates For 11May----InderBhatia

2010-05-10T21:29:00.000+05:30

The Indian market keep up moving one way on upside after positive opening and close with huge gains. For coming session 5226 level to watch above that 5282 nifty can test trendline drawn on chart . On the lower side 5145-5110 zone will act as support for the day

WeeklyUpdates For 10May----InderBhatia

2010-05-09T22:13:00.001+05:30

10maySELL ORACLE FIN BELOW 2023 TGT 1972>1950 STOPLOSS 2047

SELL AXIS BANK BELOW 1175TGT 1137>1105 STOPLOSS 1205

Last week sensex ended with deep negative by 4.49% and nifty fell by 4.92%,On the monthly chart last week we had seen Doji candle and below 5170 level seen selling pressure .For coming nifty can see bounces around 4963 zone and below that 200ema 4881 next support for the bulls .And below 200ema Bears have the upper hand .On the upside 5080-5163-5193 zone will act strong resistances zone

The Indian market opened gap-down on weak global cues and close in deep red zone . For coming session if nifty trade below 4991 zone next support around 4963 for any pullback on upside .On the upside 5067 zone will act resistances for the day .

NiftyUpdates For 07May----InderBhatia

2010-05-06T22:02:00.000+05:30

The Indian market opened gap-down on weak global cues market saw choppy session close with red zone . For coming session nifty had made double bottom as we gone below yesterday low but bar didn’t close below that so we can say double bottom .If nifty trade above 5124 it likely to test 5163-5194 zone .On the daily chart we had made two hammer so lower side nifty is getting support around 5060-5030 zone and trading below 5032 it likely to test 4980- 4967 zones .

NiftyUpdates For 06May----InderBhatia

2010-05-05T20:16:00.000+05:30

The Indian market opened on gap-down on weak global cues and saw recovery from lower level in second half trading session close with red zone . For coming session if nifty trade above 5152 levels it likely to test 5193 zone . On the other side 5080 zone will act support for the day

NiftyUpdates For 05May10---InderBhatia

2010-05-04T20:12:00.000+05:30

The Indian market opened on gap-down and saw selling pressure and second half oftrading session and close with deep red zone . For coming session if nifty trade below 5123 zone it likely to test 5050-5080 zone .On the other side 5240 zone will act resistances for the day , second half session important for any bounces

NiftyUpdates

2010-05-03T21:17:00.001+05:30

The Indian market opened on gap-down iand keep on trading negative zone through out the session and close with red zone . For coming session if nifty hold 5205-5213 zone on upside nifty can test 5363 zone . On the other side breaking below 5200 we can see selling pressure

WeeklyUpdates For 03May10---InderBhatia

2010-05-02T21:52:00.001+05:30

SELL TATASTEEL AROUND 623 TGT 604>593 STOPLOSS 633

BUY ICSA AROUND 133>135 TGT 148>153 STOPLOSS 129
The Indian market opened positive note and trade in narrow range close with marginally up in green zone . For coming session we can see gap-down opening around5240 zone on the upside nifty is facing strong resistances around5320 zone for any up move nifty has close above 5323 level till it will stay under pressure on lower side.

Last week sensex ended with lower by 0.8% and nifty close in negative by 0.5%,On the monthly chart nifty had made DOJI pattern indicating for 5400 zone strong resistances and trading below 5170 level can see selling pressure and nifty can test 5100-5050 zone .For coming week nifty is trading range 5330-5227 and trading below 5227 can see breakdown towards lower side and takeout of 5336 zone it can test 5400 zone .For week key level 5320

Nifty Monthly

NiftyUpdates For30Apr----InderBhatia

2010-04-29T21:20:00.000+05:30

The Indian market opened on positive note and keep on trading upside throughout the session and close with green zone .For coming session if nifty trade above 5372 zone it likely to test 5301-5323 .On the other side 5230-5212 zone will act as support for the day

NiftyUpdatesFor29Apr---InderBhatia

2010-04-28T22:23:00.000+05:30

The Indian market opened on gap-down on weak global cues and close with deep red zone . For coming session we have watch 5191 zone for bounces and upside 5255>5273 zone with act as resistances zone. On the hourly chart market are in oversold zone

NiftyUpdates For 28Apr----InderBhatia

2010-04-27T21:24:00.000+05:30

The Indian market opened on soft note ad traded in narrow range close with red zone . For coming session If nifty trade below 5295 level it likely to test 5265-5243 zone . On the other side 5345 zone will act as resistances zone

NiftyUpdateFor27apr---InderBhatia

2010-04-26T22:19:00.001+05:30

The Indian market opened positive note and keep on trading in narrow range through out the session and close with green zone.For coming session if nifty trade above 5355 it likely to test 5386 zone . On the other side trading below 5306 zone we can se selling pressure

WeeklyUpdates For26Apr10--Inderbhatia

2010-04-25T21:49:00.001+05:30

BUY Dhanalakshmi Bank around 145 TGT 163>175 STOPLOSS 137

BUY MAH&MAH AROUND 520 TGT 534>555 STOPLOSS 507

Last week sensex ended with net gain by 0.6% and nifty close in positive by 0.8%,On the weekly chart nifty had made hammer pattern indicating support on the lower side around 5183-5160 zone . For coming session we have to watch 5385 zone and need closing above it for more upside and trading above 5340 above it likely to test 5380 zone . On the other side trading below 5240 zone it can test lower side 5183 zone .

The Indian market opened positive note and saw volatile session close with green zone . For coming session if nifty trade above 5335 level it likely to test 5360-5385 .On the upside 5385 zone will act as resistances zone .On the lower side 5284 zone will act as support for the day .

NiftyUpdates For 21Apr-----InderBhatia

2010-04-20T21:44:00.000+05:30

The Indian market opened on positive note and saw more gains after RBI monetary policy and close with green zone . For coming session if nifty trade above 5267 it likely to test 5283-5307 zone . On the other side trading below 5210 zone it can test 5184-5163 zone .

WeeklyUpdates For10Apr---Inderbhatia

2010-04-18T19:38:00.002+05:30

The Indian market opened weak note and keep on trading in narrow range and close with negative zone . On the hourly chart nifty had broken the channel and close near minor support zone . For coming session if nifty trade below 5236 zone it likely to test 5183 zone .On the other side 5327 zone will act stiff resistances zone .

Last week sensex ended with net loss by 1.91% and nifty close in negative by 1.85%,On the daily chart nifty was trading in channel on Friday we just close below the lower channel line and trading below 5327 zone it will remain weak and test lower side 5183-5122 zone .For coming week there is RBI meet and the market will more react on new developments in us market . The key level for this week 5294

SELL KOTAK BANK BELOW 727 TGT 716>.695 STOPLOSS 731

SELL CANARA BANK BELOW399 TGT 387.381 STOPLOSS 405

NiftyUpdates For 16Apr---InderBhatia

2010-04-15T20:38:00.000+05:30

The Indian market opened on positive not but not able to sustain higher level and close with deep red zone . On the daily chart we had seen crack of channel and close below it .For coming session trading below 5268 zone i t likely to test 5243-5201 zone . On the other side 5313 zone will act resistances zone.If nifty close below 5300 zone weekly chart can seen weakness so tomorrow closing is important .

NiftyUpdates For 15Apr---InderBhatia

2010-04-14T17:51:00.000+05:30

NiftyUpdates For 13April -----InderBhatia

2010-04-12T21:20:00.000+05:30

The Indian market opened note on flat and selling pressure at higher level and close with red zone .On the Daily chart we had seen DOJI candel main support is 5306 is nifty trade below 5300 zone it can se selling pressure and trading above 5380 zone can take new high all depend on infosys results .

WeeklyUpdates For11Apr-----InderBhatia

2010-04-11T19:14:00.001+05:30

The Indian market opened positive note traded upside through out the session and close with days high .Market bounces from the lower channel as seen on hourly chart lower channel is acting as support the nifty . For coming session if nifty trade above 5376 zone it likely to test 5413-5435 level . On the other side trading below 5337 it likely to test 5317-5307 zone . On same time channel support 5305 and resistances place at 5426.

Last week sensex ended with net gain by 1.4% and nifty close in positive by 1.3%,On the Daily chart nifty is moving in channel and we are trading near upper band of channel we have to watch 5380 zone sustain above and closing above nifty can test 5431-5480 zone . On the lower side closing below 5306 zone it can test lower side 5235-5210 zone . On daily chart nifty is making higher top higher bottom closing below 5300 zone it will violate higher top and higher bottom formation.

BUYINDIABULLS FIN AROUND 123-118 TGT 145>157 STOPLOSS 112.50

BUY CESC AROUND404-406 TGT 418>.423 STOPLOSS 399

NiftyUpdate For 09Apr---InderBhatia

2010-04-08T20:45:00.000+05:30

The Indian market opened lower note and saw selling pressure during second half session close with deep red zone . For coming session if nifty trade below 5290 it likely to test 5263-5221 zone .On the other side 5335 zone will act resistances zone and trading below 5335 it can test 5350 level.

NiftyUpdate For 08Apr---InderBhatia

2010-04-07T22:07:00.001+05:30

The Indian market opened positive note and saw choppy trade close with flat zone . For coming session if nifty trade below 5350 level ir likely to test 5312-5301 zone . On the other side 5394 zone will act resistances zone . From last two day we are seen nifty trading in narrow range and doji candle .

NiftyUpdate For 07Apr09---Inder Bhatia

2010-04-06T21:34:00.000+05:30

The Indian market opened flat note and saw narrow range close with flat note . For coming session If nifty trade below 5350 zone it likely to test 5312-5296 zone . On the other side 5380 zone will act as resistances zone . On the daily chart we are seen Doji candle

Nifty Updates For 06Apr---InderBhatia

2010-04-05T21:11:00.000+05:30

The Indian market opened gap up and keep on trading upside close with handsome gains. For coming trading session if nifty trade above 5376 zone it likely to test 5409-5435 zone .On the lower side 5330 zone will act support for the day .
Stock to watch DCB

WeeklyUPdates 05APR---InderBhatia

2010-04-04T17:47:00.001+05:30

BUY GTLINFRA ABOVE 42.75 TGT 47>51 STOPLOSS 39.75

BUY MAXINDIA AROUND 212-216 TGT 245>261 STOPLOSS 207

The Indian market opened positive note traded upside through out the session and close with green zone . For coming session if nifty trade above 5313 zone it likely to test 5330-5365 zone . On the other side trading below 5281 zone likely to test 5265-5246 zone.

Last week sensex ended with net gain by 0.3% and nifty close in positive by 0.2%,On the Daily chart nifty is moving in channel and we are trading near upper band of channel we have to watch 5327 zone sustain above and closing above nifty can test 5374-5410 zone . On the lower side closing below 5246 zone it can test lower side 5186 zone . On daily chart nifty is making higher top higher bottom closing below 5200 zone it will violate higher top and higher bottom formation.

NiftyUpdates For 01Apr---Inder Bhatia

2010-03-31T21:29:00.000+05:30

The Indian market opened on positive note but not able to cross 5294 zone saw selling pressure at higher level and close with negative zone . For coming session if nifty trade below 5232 zone likely to test 5198 zone . On other side 5264-5290 will act resistances zone

NiftyUpdates For 31March -----Inder Bhatia

2010-03-30T21:55:00.000+05:30

The Indian market opened on positive note but saw sharp fall in later session and close with red zone . For coming session if nifty trade below 5253 zone it likely to test 5221 zone . On the other 5294 zone will act as resistances zone .

NiftyUpdates For 30 Mar-----Inder

2010-03-29T22:16:00.000+05:30

The Indian market opened on positive note and made new 52 high close with positive zone .For coming session if nifty trade above 5329 likely to test 5350-5363 zone . On the side 5283-5263 zone will act support for the day . Small cap and madcap stock action can seen

HOT HPCL

WeeklyUpdates For29March---InderBhatia

2010-03-28T20:58:00.001+05:30

The Indian market opened with flat note and traded in narrow range close with positive note .
For coming session if nifty trade above 5294 zone likely to test 5330 zone .On the other side trading below 5247 it likely to test 5228 zone .On the hourly chart we had seen negative divergences on RSI as shown on chart .

Last week sensex ended with net gain by 0.4% and nifty close in positive by 0.4%,On the Daily chart nifty is moving in channel and we are trading near upper band of channel we have to watch 5294 zone for the breakout so upside it can test 5340-5385 zone . On the lower side below 5215 zone 5150-5126 level will act support zone .For coming week key level 5259 zone

BUY GESHIP ABOVE 299 TGT 308>315 STOPLOSS 294.50

BUY VIDEOCON ABOVE 234 TGT 247>255 STOPLOSS 227.50

NiftyUpdates For 26mar-----Inder Bhatia

2010-03-25T21:36:00.000+05:30

The Indian market opened flat note saw momentum in the later half session and close with green zone . For coming session 5270-5294 zone if nifty cross than it likely to test 5335-5362 zone . On the other side 5220-5180 zone will act as support for the day

NiftyUpdates For 25Mar----InderBhatia

2010-03-24T22:47:00.000+05:30

The Indian market opened positive note and test the low made 5193 saw recovery from lower side end with positive zone . For coming session if nifty trade above 5237 it likely to test 5259-5270 zone . On the other side trading below 5189 zone can see selling pressure .

NiftyUpdates 23Mar---Inder Bhatia

2010-03-22T21:15:00.000+05:30

The Indian market opened gap-down on weak global cues recover from days lows close in red zone . For coming session if nifty trade below 5217 zone it likely to test 5173-5150 zone . On the other side 5235 will act resistances zone .

WeeklyUpdates For 22Mar---InderBhatia

2010-03-21T21:11:00.001+05:30

BUY VOLTAS ABOVE 173.90 TGT 179>181 STOPLOSS 170.50

SELL ABB BELOW 846TGT 837>831 STOPLOSS 851

Last week sensex ended with net gain by 2.40% and nifty close in positive by 2.45%,On the Daily chart nifty is moving in channel and we are trading near upper band of channel we have to watch 5294 zone for the breakout so upside it can test 5340-5385 zone . On the lower side 5150-5126 zone will act support zone .For coming week nifty trade below 5212 zone likely to test 5137 zone .For this week key level 5219

The Indian market opened with flat not traded in narrow range and close with positive zone. For coming session if nifty trade below 5225 zone it likely to test 5185-5150 zone and we can see volatile session because of news of unexpected RBI policy. On the hourly chart we had seen nifty is moving in channel upside 5294 will act resistances zone 5210 zone will act support and lower side channel 5136 zone as drawn on chart .

NiftyUpdates

2010-03-18T22:11:00.000+05:30

The Indian market opened flat note traded in narrow range throughout the session and close with marginal gain. For the coming session 5283 level to watch for the resistances and trading below 5239 zone it likely to test 5229-5197

NiftyUpdate For 18Mar-----Inder Bhatia

2010-03-17T22:18:00.000+05:30

The Indian market opened positive note and traded positive throught out the session and close with green zone . For coming session trading above 5260 level likely to test 5300-5310 zone .On the other side trading below 5230 level it likely to test 5205-5190 zone .

Nifty Upates17Mar-----Inder Bhatia

2010-03-16T21:07:00.001+05:30

The Indian market opened flat note and saw good momentum on the upside through out the session close near day high . For coming session nifty had seen breakout from the range on the upside if nifty trade above 5209 level it likely to test 5240-5277 zone . On the other side5150 zone will act support the day

NiftyUpdates For 16Mar-----Inder Bhatia

2010-03-15T23:12:00.000+05:30

The Indian market opened on negative note again trading in narrow range close with flat zone . market are in range NO TRADING ZONE so one can wait for breakout or breakdown from the range .If nifty trade below 5100 zone likely to test 5050-5023 .On the upside 5173 is strong resistances zone

WeeklyUpdates For 15Mar---InderBhatia

2010-03-14T22:35:00.001+05:30

BUY BHARTI AIRTEL AROUND 296 TGT 310>316 STOPLOSS 288

BUY CAIRN INDIA AROUND 274 TGT 287>293 STOPLOSS 270

Last week sensex ended with net gain by 1.0% and nifty close in positive by 0.9%,On the above we are seen nifty had reach around crucial zone and 75%retracement zone of whole move 5310-4675 zone .Last week nifty move in narrow range of 60 point very lackluster and very tight band and we had seen continue five week positive closing .For bulls tight stoploss for long 5120level and bears can go short around 5171-5183 zone stoploss 5220 levels .

The Indian market opened with positive note and remained side way saw recovery in second half session due to positive industrial out put data close with flat note . For coming session on hourly chart we are seen negative divergences in RSI as nifty is moving higher side and rsi making lower low . We have to watch 5171 zone for any reversal sign and trading below 5120 zone will confirmation of lower target 4950 zone . On the other side trading and closing above 5183 level it likely to test 5200-5250 zone .

NiftyUpdates

2010-02-18T21:09:00.001+05:30

The Indian market opened flat note and trade in narrow range close with negative zone . ON the daily chart we had made inside day bar and lowerside 4873-4853 zone to watch for bounces .On the other side trading above 4904 level it likely to test 4923-4954 zone .

NiftyUpdatesFor18Feb---InderBhatia

2010-02-17T20:58:00.000+05:30

The Indian market opened positive note and saw strong movement on upside close with green zone . For coming session if nifty trade above 4914-4923 zone it likely to test 4954 and 4954 is strong resistances zone . On the lower side 4853 zone to watch for bounces

NiftyUpdates For 17Feb--Inder

2010-02-16T21:27:00.000+05:30

The Indian market opened flat and saw short covering in second half session and close with green zone .For coming session If nifty trade above 4883 zone it likely to test 4923-4954 zone .On the lower side 4826-4813 zone will act support for the day .

NiftyUpdates For 16Feb--InderBhatia

2010-02-15T21:27:00.000+05:30

The Indian market opened flat and traded lowerside and closed in red zone .For coming session we have to watch 4825 first level and weekly 4846 zone should cross for upside .On the other side trading below 4775 zone we can test 4753-4713 zone .

WeeklyUPdates For 15feb---InderBhatia

2010-02-14T17:37:00.001+05:30

BUY FINANCIAL TECH AROUND 1511 TGT 1555>1578 STOPLOSS 1489

BUY ACC AROUND 880 TGT 901.923 STOPLOSS 864

Last week sensex ended with net gain by 1.49% and nifty close in positive by 1.46%,On the weekly we are seeing Bullish harami pattern and we had test 4685 level but manage to close above it . On the upside we can see pullback 4880-4941-4973 zone .On the other side closing below 4680 zone likely to open new range 4550-4500 zone. For nifty 4954 will act strong resistances zone .

The Indian market opened on positive note and traded upside through out the session and close with green zone . For coming session if nifty trade above 4846 level it likely to test 4880-4913 zone . On the other side 4790-4740 zone will act as support for the day .

NiftyUpdates For 10Feb ---InderBhatia

2010-02-09T19:52:00.001+05:30

The Indian market weak note saw recovery in after noon session close with green zone . For coming session if nifty trade above 4818 zone it likely to test 4846>4875 zone .On the lower side 4759 zone will act support for the day .

NiftyUpdates For 09Feb10--InderBhatia

2010-02-08T21:06:00.000+05:30

The Indian market saw volatile session roller coaster ride and close with positive zone . For coming session if nifty trade above 4793 it likely to test 4816-4846 zone .On the lower side trading below 4716 level it likely to test 4690-4649 zone

WeeklyUpdates For07Feb10---InderBhatia

2010-02-07T19:42:00.002+05:30

BUY ACC AROUND 840 TGT 865>873 STOPLOSS 831

Last week sensex ended with net loss by 2.8% and nifty close in negative by 2.6%,Last week nifty had broken the hammer support and after breaking 100Ema not able to close above 4954 ;level tested 3 time and fallen towards lower side and made low 4687 and we had given 4685 key level for month below that 4550-4510 range will open . For coming week market are oversold zone we can see pullback rally toward 4876-4910-4954 zone and trading below 4685 zone 200 Ema 4574 zone will next support .

The Indian market saw small pullback on Saturday and trade positive through out the session and close with the positive note . For coming session we had seen third positive divergences on the hourly chart last two divergences failed to move up but RSI had not broken the trend line so we can see pullback around 4831-4903 zone On the lower side 4737-4713 zone will act support the day .

BUY SUZLON AROUND 72-73 TGT 79-81 STOPLOSS 70.50

NiftyUpdates For 05feb--InderBhatia

2010-02-04T20:54:00.001+05:30

The Indian market opened gapdown and small pullback and selling pressure drag lower side and close with red zone .For coming session nifty are trading in range 4950-4810 zone from last four days so we can see breakout or breakdown from range If nifty trade below 4803 zone it likely to test 4770 .On the other side 4873 it can test 4920-4953 zone .
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NiftyUpdates For04Feb10--InderBhatia

2010-02-03T21:00:00.000+05:30

The Indian market opened gap up and seen mirror image today close with handsome gain. For coming session if nifty trade above 4954 it likely to test 4991-5050 zone .On the other side 4884 zone will act support zone .

NiftyUpdates For 03Feb10----InderBhatia

2010-02-02T20:55:00.000+05:30

The Indian market opened gap up and saw selling pressure after opening and close with deep red zone .For coming session we will watch 4811-4809 level to for bounces and trading below 4766 more selling can seen .On the upside 4951 will act resistances zone .

NiftyUpdates For 02Feb10-----InderBhatia

2010-02-01T21:09:00.000+05:30

The Indian market opened weak note and managed to close in green note .For coming session on hourly nifty had form Inverted Head and Shoulder Pattern if nifty trade above 4923 it likely to test 5000 zone .On the lower side 4823 zone will act support for the day and small hurdle around 4946 zone .

WeeklyUpdates

2010-01-31T23:13:00.000+05:30

The Indian market saw recovery from the lower level and managed to close in positive zone .For coming session If nifty trade above 4893 zone it likely to test4916-4970 zone .On the lower side 4850-4810 zone will act as support for the day.

Last week sensex ended with net loss by 3.00% and nifty close in negative by 3.06%,On the daily chart nifty had made bullish Hammer on important support zone and tail will act as support now .For coming week if nifty trade above 4890 it can test 4960-5054 zone and closing above 5055 it can test 5120-5134 zone .On the lower side trading below 4766 it can test 4685 and closing below 4680 zone new range will open 4550-4510 zone . For coming month 4685 key level .

NiftyUpdatesFor29Jan10---InderBhatia

2010-01-28T21:07:00.000+05:30

The Indian market opened gap up and saw choppy move and close with green zone. For coming session we had seen positive divergences on hourly chart if nifty trade above 4936 zone it likely to test 4983-5030 zone .On the other side trading below 4834 it likely to test 4763-4755 zone .Monetary Policy will be declared tomorrow trade with stoploss .