Friday's Trading View 29-10-2010

Due to extraordinary premium TrendCalls Team are not Nifty future levels for Fiday we are giving only cash levels, Resistance are at 6052-6058 & Supports are 5964-5958 we again reiterate these are Nifty spot(cash) levels .
Views given By TrendCalls Team 

Thursday's Trading View 28-10-2010

Last trading session was the day of the bears & bulls gasped for air after TrendCalls  Team Support of 6071-6077 broke on the Nifty on way down. Nifty tried 2 times to bounce back from Support level but eventually it was taken & the low made was 6005.
Thursday's session would also be the day of expiry of this month futures. Volatility will remain high,TrendCalls Team Resistances for Nifty to come at 6052-6057 & 6115-6121 Supports are at 5959-5964.
Views Given By TrendCalls Team

Wednesday's Trading View 27-10-2010

Supports for Nifty came at levels specified by TrendCalls Team 6091-6097 & low made by Nifty was 6094, Volatility remained high within a range bound market.
Wednesday's Resistance seen by TrendCalls Team are at 6152-6158 & Supports are seen at  6071-6077
Views Given By TrendCalls Team

Tuesday's Trading View 26-10-2010

Volatility in limited range was the highlight of the day vindicating TrendCalls Team point view that volatility is here to stay. Nifty opened gap up & tested our Resistance levels 6109-6115 & made high of 6180.
For Tuesday Trendcalls team is of the view that Resistances and Support levels are very big & important, as it may be give  further break up or down  directional moves. Resistance are 6198-6204 & Supports are 6091-6097.
Views Given By TrendCalls Team          Clients Testimony

Monday's Trading View 25-10-2010

TrendCalls Team stated in Friday's View that Nifty will give more violent moves &  last Wednesday we had stated 'welcome back to volatility & S/L days of Bulls & Bears traders'. We again request our readers that they should correlate our previous posts so that they are able to define what we are stating. Nifty on breaching our Support 6090-6095 went low till 6057.6
For Monday Resistances are placed at 6109-6115 & Supports to come at 6063-6070.
Views Given By TrendCalls Team

Domestic Issues For Next Week

Trendcalls Team have been stating it for a long time that influx of capital will increase towards Emerging countries, As still only 3% of the pension fund money is invested in developing economies, they need to adjust their portfolios towards countries like India. But the question is are we ready for such huge capital inflow, We raised this ? in our previous Domestic write ups & now even RBI is a worried lot & they will intervene in forex markets to hold the stability of the Dollar. The markets are more likely to react on results specially on Reliance as it is bellwether & it has not moved much in last year. The markets will take the result of Reliance positively in our view. But still we maintain our view that markets will remain volatile before taking a clear direction.
Views Given By TrendCalls Team

International Issues For Next Week

TrendCalls Team wrote about G7 Meet that Leaders will agree to disagree later to show  their countrymen they did their best for the country & they did exactly the same at the G20 meet. The markets are focussed on the action of Fed & the effects of the action. Fed is giving the big American banks a earning bonanza in which the banks earn bounty for themselves by borrowing at lower rate & giving back Fed the money at higher rate. In TrendCalls Team view why would banks lend to the working economy if they get this earnings safely from Fed. This may indeed be a wrong policy decision made by the authorities, who think that artificial inflation of the asset prices will help the real demand cycle. Fed is looking at nominal inflation & not the real inflation which is being created. The monster demon will come to haunt them sooner than they think.  Will they then be able to quickly adapt to new dynamics or once again world be tripped into a new kind of trauma. The answer to this ? lies in the future. Till then We hope all goes well.
Views Given By TrendCalls Team

Friday's Trading View 22-10-2010

Have the markets actually consolidated? In TrendCalls Team view we think that it may give more of such violent moves before Nifty actually takes a direction. On upside there are multitudes of Resistances & on downside layers of Supports. Nifty on breaking the Resistance of 6083-6089 given by TrendCalls Team saw vertical rise till 6152.As for Friday Resistances will come at 6169-6175  & Supports at 6090-6095.

Views Given By TrendCalls Team

Thursday's Trading view 21-10-2010

Yet another volatile day with Nifty retracting from day high of 6076.8- TrendCall Team resistance was between 6069-6075; to the day's low of 5987.65  TrendCall Team 2nd supports placed at  5966-5972. Is our market showing signs of tiredness? Or is this a phase of consolidation ? Market alone can answer this question.
For Thursday's session Nifty will face resistances at 6083-6089 and supports to come at 5940-5945. Sector watch Sugar and Fertiliser for positive moves.
Views Given By TrendCalls Team

Wednesday's Trading View 20-10-2010

TrendCalls Team again thank all the Readers & Patrons for giving references of our Team . Welcome back to the volatality and SL days of bull and bear traders.
Wednesday Nifty views are as follows - Resistances lies at 6069-6075 & Supports are placed at 6006-6012 & 5966-5972.
Views Given By TrendCalls Team

Blog will be updated from Tuesday(19-10-2010) after a break due to personal commitments TrendCalls Team.
Nifty 6110 very Crucial level on weekly charts to be watched on downside .
Views Given By TrendCalls Team

Thursday's Trading view 14-10-2010

Wednesday was good a day for bulls above the TrendCalls Team Resistance level of 6196-6202 Nifty fired like a bazooka.
Thursday is important for Nifty to see if it can hold out the breakout or not, Resistances lies at 6302-6308 & 6362-6368 & Supports are at 6198-6202.


Views Given By TrendCalls Team

Wednesday's Trading view 13-10-2010

In today's trading session, Nifty opened weak below Resistances of TrendCalls Team and on breaking the Supports of 6125-6132 it slid & finally took support at 6083.
Going ahead for Wednesday, Nifty to take Supports at 6058-6062 and below that 6030-6035 levels. Nifty to  face Resistances at 6143-6147 & 6196-6202 levels.
In a weak day of trading our stock pick RCF showed its resilience and closed at 95.9. Hope the bloggers are enjoying our stock pick which has given over 12% returns in 5 days straight.
We wish to thank the patrons of the blog for referring our team to various clients.


Views Given By TrendCalls Team                        Performance

Tuesday's Trading View 12-10-2010

Volatility ruled Nifty on Monday, Nifty took out Resistances in early trading to come back into the range provided by TrendCalls Team
For Tuesday's view TrendCalls  Team are of the view nifty is strong above 6187-6192 & weak below this levels. Supports to come at  6125-6132.
We had given our view that RCF is gaining strength for next move on 7th and today it showed a handsome gain of  almost 9 % and closed at 92.95. We expect it to show further moves targeting 100.


Views Given By TrendCalls Team

Monday's Trading view 11-10-2010

Nifty Resisted near TrendCalls Team Resistances given at 6158-6162 & high made was 6168.8 & retraced back to close at 6142.15.
For Monday Resistances to come at 6173-6178 as per TrendCalls Team & Supports to come in at 6123-6128 there are multitude of Resistances & Supports coming so it may lead to consolidation of Nifty in our view.

Views Given By TrendCalls Team

Domestic Issues For Next Week

There are many Domestic Issues that concern our markets- foremost being start of Results season, RBI notes on inflation & respective policy action & Capital inflows.  Results will bring true economic picture in to foray, RBI view on inflation will further decide monetary action by them & how the authorities view Capital inflows- constructive or destructive & if the latter then what measure they take to stop them will decide the course for the markets. Result season starts with technology companies & in TrendCalls Team view they have factored the results in their prices & Rupee Dollar parity should have started hurting them. It would be interesting to see what they speak on this context.
Views Given By TrendCalls Team

International Issues For Next Week

There could be many International Issues which can have materialistic impact. TrendCalls Team believe one of them is G7 meet. The currency markets are puzzling World leaders & the topic has taken a center stage at G7 meet. We had stated in our earlier issues (dated 28/08/2010) that Dollar will collapse &as expected our  anticipated fall in dollar and the resultant currency war view is now a major issue  in the international scenario and  is creating a stir at all the developed nations of the world. Do the leaders of the world ever understand that invasion in market places do not work until the forces are combined by everyone? TrendCalls Team believe that leaders will agree to disagree later to show their countrymen they did best for their country. Now for the markets have they really factored in Fed's easy monetary stance or some parts are left in the markets. Markets are reacting to extremely relaxed policies of the Fed & fundamentals are yet to be followed. Excess of money supply will create a bubble sooner rather than later. Till then we should enjoy the ride as it is happening.

Views Given By TrendCalls Team

Friday's Trading view 08-10-2010

In today's session TrendCalls Team's Supports 6135-6138  held, with nifty low @ 6134  and the Resistances @6258-6262 are yet to be breached. Nifty high was at 6229.95 and closed at 6144.15.


Ahead of the week's close, on a volatile day nifty will face resistances at 6158-6162 and the supports to come lower at 6083-6088.


Traders are requested to keep booking profits and stay light with their longs.


Views Given By TrendCalls Team                          Performance

Thursday's Trading view 7/10/2010

TrendCalls Team's resistance 6258-6262  was not breached in the Wednesday's trading session on the higher side and the day's low of 6185.05 was again close to the supports (6176-6182) mentioned by us.


In Thurday's session too , Nifty should face Resistances at 6258-6262 and  view of  Supports to come in at 6176-6182 below that 6135-6138 is maintained. 


Wednesday's session saw the fertilizer sectors pick momentum. TrendCalls Team had given a buy  RCF at 84.3.  We saw the stock pick up strength for next move.


Views Given By TrendCalls Team                          Performance

Wednesday's Trading view 06-10-2010

Tuesday Nifty got resisted right in the middle of Resistance 6222-6226  given by TrendCalls Team & high made was 6224.8.
Wednesday TrendCalls Team believe to be complex day for traders Resistances are placed at 6258-6262 & Supports to come in at 6176-6182 below that 6135-6138.

Views Given By TrendCalls Team                          Performance

Tuesday's Trading view 05-10-2010

Monday was again a day of volatility confirming the views TrendCalls Team that volatility is here to stay. Nifty breached our Resistances 6208-6213 momentarily to fall back & retrace all the gains of the day.
TrendCalls Team Resistances for today lies at  6222-6226 & Supports are at 6142-6146 & 6121-6125 below that Supports to be deep.

Views Given By TrendCalls Team

Monday's Trading view 04-10-2010

Trendcalls team wishes all traders a safe week ahead.
 Nifty opened @6065, and felt the pressure of resitances  @ 6055-60 to dip to a low of 6050.  Later, on the back of strong funds flow,  nifty started galloping to hit a high of 6183.95 and closed at 6176.

As for Monday, Nifty to feel the Resistances @ 6208-6213 on charts, and Supports to come at 6125-6128.

Ambuja Cement inspite of the rising market was weak for the most part of the day  and hit a low of 139.5 below the breakdown level  of 143 given by Trendcalls team .

Views Given By TrendCalls Team

Domestic Issues for Next Week

RBI to have a meeting on Monday before they meet for their regular policy meeting to discuss the various aspects of the economy. TrendCalls Team has some ? for the RBI. Would they be able to create real rate of interest or would they foster economy with nominal rate of interest. Is it not that with nominal rate of interest they are favoring the classes of India ,should not they create a level of policies to suite masses or should they leave masses out to be inflicted by the pain of Inflation. TrendCalls Team are raising a issue here, does inflation of this level help the ordinary masses. We do not think so. They inflict more pain to the already burdened middle class & lower class sections of the society, who are the real consumers of the so called Big Manufacturers. Are the real rate of income rising or keeping pace with the inflation?  In our sense it is not. We think policy makers will take heed of our basic needs. RBI will also face a big problem from the growing capital inflows. The hot money seeking beta will keep the Domestic markets buoyant till they reverse.

Views Given By TrendCalls Team

International Issues for Next Week

In the last Issue of TrendCalls Team wrote about Dollar deterioration, This week we discuss the issues of austerity(saving) by European nations versus spending By US(America). The impact of austerity is a very slow process but have visible impacts on the currency which is the strength of the Euro & US spending mission has sent Dollar to crumbling state. The objectives of the policy makers are different on each side, One in the true sense are afraid of the inflation so taken the route of austerity & the other wants to create inflation to help their lagging exports. The TrendCalls Team is of the view that inflation does not help the main consuming part of the nation, it only helps the rich to grow more richer & the gap between the two only grows wider. The artificial creation of demand in the past had created many boom & bust cycles & this cycle would be no different.

Views Given By TrendCalls Team

Friday,s Trading View 01-10-2010

The day of Volatility as expected by TrendCalls Team Nifty Resistances were given at 6034-6038 & high made was 6034.9 & Supports were given at 5955-5958 & low made was 5963.2.
Friday levels by Trendcalls Team are Resistances at 6055-6060 & Supports are placed at 5988-5992.
We hope Blog Readers & Patrons benefited from the level of Ambuja cement the break below 143 put pressure & it slid till 138.9 to close at 140.6.


Views Given By TrendCalls Team