28 Sept.2012 Nifty weekly outlook

Nifty ended at 5697.35 with 47.85 points positively and Sensex gained 175.11 points to end at 18754.61
All BSE Sectoral indices closed into positive except Realty.It was down by 0.37%. Auto index  was the top gainer by 1.89%.
In Nifty50 stocks, Hindalco was the top gainer by 3.69% and ended at 120.8 whereas Relinfra  was the top loser by 1.5% and ended at 537.2. HDIL was the turnover topper by the traded quantity and McDowell-n by the traded value.
Advance/Decline ratio was positive as 893 stocks gained and 573 stocks declined on NSE today.

Nifty Outlook : On weekly chart, Nifty closed negative for the first time after 3 consecutive positive closings.In our previous weekly blog, we have mentioned clearly a target for Nifty of 5770.Today Nifty Oct.Fut. touched 5766.05 and settled at 5723 with a 22.7 points' premium.We advice to book profits at this levels or else buy calls of 5800 instead of going long on Nifty Fut. Any fall upto 5440 level won't harm the uptrend but it will make the rally stronger.
Immediate Support : 5670
Immediate Resistance : 5770.

Nifty Weekly Chart : 

Market closed at 63 wk high.

21 Sept.2012 Closing Market Updates & Nifty Technical Outlook :
Market shoot up and closed at 63 week high today. Nifty ended at 5710 and the adjusted close was 5691.15 by gaining 136.90 points. It is the highest closing since 7th July, 2011 and Sensex rallied 18752.83 with 403.58 points' jump. Mamta fear wiped out at the opening session and investors considered about new reforms by the UPA Govt. and all heavy weight stocks rallied.
Among BSE Sectoral indices, Power sector was the top gainer by 4.35% followed by Capital Goods'(4.12%), Metal(4.06%) & Bankex(4.05%).IT and Teck sectors didn't participate into today's rally.
In Nifty50 stocks, Relinfra was the top gainer by 9.86% and ended at 544.7 whereas TCS was the top loser by 1.15% and ended at 1306.75. LITL was the turnover topper by the traded quantity and SBIN was by the traded value.
Advance/Decline ratio was positive as 1032 stocks gained and 441 stocks declined on NSE today.

Nifty Future Outlook : As stated into previous blog published on last Friday, Nifty had given a break-out above 5465 and Nifty Fut. remained above the breakout level. Today, Nifty Fut. achieved it's target of 5670 and 5700. Now the immediate resistance for Nifty Fut. is 5760-5770 and immediate support would be 5550. Book profits on rallies and buy on dips.Best levels to re-enter into Nifty Fut. are 5450-5460 and 5290-5300 but it does not mean to take short positions.

Major Global Indices : 

Nikkei : +23.02
HangSeng : +144.02
FTSE : -2.86
CAC : +0.75
DAX : +22.06
Dow Futures : +32.00
Nasdaq Futures : +4.75

14 Sept.2012 Closing Market Updates 16:26
Punters in Indian equity markets celebrated on the Ben Bernanke's decision to pump US$40 millions via bond purchase to improve the U.S. economy and Govt.'s decision to rise diesel prices. But the dark side would be rising inflation because of diesel price hike by 10% at actual.
Nifty ended at 5567.40 by gaining 132 points and Sensex jumped 420 points to end at 18441.16.The adjusted closing are 5577.65 and 18464.27 for Nifty and Sensex respectively.
In BSE sectoral indices, 
As stated in the last blog, published weekly on 7th Sept., we had clearly stated that if Nifty fut. sustains above 5365, its resistance, Nifty will touch 5440.Now keep eyes on RBI announcement which is on 17th of this month. Expecting 25 bps cut in CRR will may harm the economy as diesel price hike will be backing to inflation.

Nifty Technical Outlook : Nifty Fut. has given a breakout on weekly chart as well but on the lower volumes.Resistance at 5670-5700 and support at 5440/5265.
In BSE Sectoral Indices, Realty index was the top gainer by 4.78% followed by Metal(4.25%) and Bankex(4.15%) and Helthcare Index was the top loser by 1.24%. 
In Nifty50 stocks, Jindalsteel was the top gainer by 7.79% to end at 368.55 whereas Ranbaxy was the top loser by 2.07% to end at 539.85. KFA was the turnover topper by the traded quantity and ICICI Bank was  by the traded value.
Advance/Decline ratio was positive as 772 stocks gained and 658 stocks declined on NSE today.
Major Global Indices : 
Hang Seng : +582.15
Nikkei : +164.24
FTSE : +93.18
CAC : +70.47
DAX : +109.10
Dow Futures : +60.00
Nasdaq Futures : +15.25

Closing Market Updates

Thanks to global markets for gap-up opening on Indian indices. Market opened into positive and hold the steam through out the day. Nifty gained 104.25 points to end at 5342.65 and Sensex jumped to 17694.40 by gaining 348.13 points.

Nifty Outlook : Immediate resistance for Nifty future is around 5360-5365.If this hurdle crosses in the coming week sessions, probably Nifty Fut will test 5440 level.Immediate support at 5305/5285/5250.

Tomorrow Equity Market(Cash & FO) live session from 11:00 to 12:45