Friday's Trading View 31-12-2010

Nifty In first half of the trading day struggled to cross TrendCalls Team  Resistance level of 6084-6090 & retraced a little to bounce back past our Resistance levels
Friday's Resistances to come at 6154-6160  & Supports to some at 6101-6107 & below that 6073-6079
Views Given By TrendCalls Team

Thursday's Trading View 30-12-2010

After a long time Nifty broke Resistance & went up but the ? is will it be able to maintain momentum.
Thursday Resistances are at 6084-6090 Nifty will face above that 6129-6136 & Supports are at 6044-6050 below that 6018-6024
Views Given By TrendCalls Team

Wednesday's Trading View 29-12-2010

Nifty was stuck as if glued by gum it did not moved much in the day.
Wednesday's Resistances to come at 6050-6056  & Supports are 5987-5993 clusters of Resistances & Supports are building in the range of  5960-5970 & 6035-6045 one of them needs to break to get a meaningful move on any side.
Views Given By TrendCalls Team

Tuesday's Trading View 28-12-2010

TrendCalls Team were again bang on Nifty, Support levels given were 5997-6003 & the low made by Nifty was   6005.2 
Tuesday's Resistances are at 6062-6068 & Supports are at 5965-5971 
Views Given By TrendCalls Team

Monday's Trading View 27-12-2010

TrendCalls Team View for Friday of Nifty was nearly exact on Supports 5968-5974 & Resistances 6035-6041 Nifty made a low of 5966.05 & High made was 6040.70
Monday,s Nifty Resistance levels are at 6079-6085 & Supports are at 6012-6018 below that 5997-6003
Views Given By TrendCalls Team

Domestic Issues For Next Week

In the previous issue TrendCalls Team wrote about markets consolidation & the sideways movement we will have to bear for quite some time. What we wrote was made evident by markets. The interest rate hike in China will have bearing on our markets also specially commodity stocks, But in medium term it is positive news if commodities correct as India & China both are big consuming nations of commodities & any slowdown or correction in commodity markets should have a positive impact on our consumers as inflation will cool down which in fact would be very positive for equity markets. Another big problem faced by domestic markets are food inflation & there is nothing that RBI can do about it as it is supply related problem & Government policies are the root cause for it.

Views Given By TrendCalls Team

International Issues For Next Week

Last week TrendCalls Team wrote about China & its property bubble & the likely effects of the bubble crash when it happens. Central bank in China is clearly worried about property prices & inflation & the surprise rate hike is only to avoid the escalation in inflation & property bubble. The markets are likely to react on the above said development. But would there be a sustained reaction on commodities or will it be temporary blip. The biggest consumer of commodities China has to be rationale in it's approach of consumption & development. The reckless money supply it created will ultimately come to haunt its citizens via inflation. The World is still divided in two parts developed economies trying to stimulate growth & developing economies trying to curtail inflation it can bring a double whammy for the growth starved economies. But in our view little less growth will help tame inflation & rising prices in all sorts of asset classes.
Views Given By TrendCalls Team 

Friday's Trading View 23-12-2010

Nifty was frozen in a very tight range so Nifty got closer to neither of the levels.
Friday's IMPORTANT PIVOTAL LEVEL FOR Nifty is 5982 Resistances are at 6035-6041 & Supports are at 5968-5974 any close above 6022 or below 5975 level to be important.
Views Given By TrendCalls Team

Thursday's Trading View 23-12-2010

TrendCalls Team was right again on both, Nifty momentarily went above our Resistance 6035 to make a high of 6043 to retrace till 5976.8 & our Support was at 5973

Thursdays Resistance are at 6042-6048 & 6084-6090 & Supports are placed at 5965-5971 below that it would be a sharp cut.

Views Given By TrendCalls Team

Wednesday's Trading View 22-12-2010

TrendCalls Team view on Nifty was nearly right again We gave Resistance at 6029-6035 & high made was 6022.
Wednesday if Nifty maintains above 6029-6035 it Resistance would come at 6078-6084 & Supports are at 5967-5973.
Views Given By TrendCalls Team

Tuesday's Trading View 21-12-2010

TrendCalls Team Resistance again came in handy & we were nearly exact when we gave Resistances 5999-6006 . Nifty made high of 5999.90 
Nifty picked up momentum from our Support levels in the morning to go all the way to our Resistances after a mild gap down opening below our Support levels 5932-5938
Tuesday Resistances are placed at 6029-6035 & Supports are placed at 5906-5912 & 5890-5894
Views Given By TrendCalls Team

Monday's Trading View 20-12-2010

Nifty fell 4 points short of TrendCalls Team Resistances of 5984 
Monday Resistance levels are at 5999-6006 & 6027-6033 & Supports are at 5932-5938
Views Given By TrendCalls Team

Domestic Issues For Next Week

RBI has given temporary relief to financial & equity markets by not hiking interest rates & easing liquidity by SLR & bond purchases. This has given some very short term boost to both the markets. But in TrendCalls Team view inflation will remain the primary target for RBI even if little growth is given off. Till now markets have been avoiding all bad news & are still hovering in the plus minus 5% zone of new highs. But in our view markets seems to be tired or will do long time consolidation or be in sideways movement for quite some time now. Dollar Euro & Yen movements will definitely influence our markets. The leadership was provided by bank stocks which are waning off & autos too will remain jittery from interest rate scenario. The only sector on out performance remains IT, but till when can it outperform?
Views Given By TrendCalls Team

International Issues For Next Week

Internationally & specially in US the bond yields are supportive of higher Dollar prices. The other factors determining the higher Dollar prices are the fear factor created by Eurozone.  Many countries there are on the  brink of default, had they not been supported by the special fund created by Eurozone .  This in turn will weaken yen & the new carry trade will begin from Dollar to Yen.  But in this whole process there still remains the threat of sovereign defaults. This is a long drawn picture it will not happen in near future. But this will be actual course the financial markets may take. Till then the ride will be bumpy & very volatile. Another scenario that may emerge is China & its property bubble which will eventually burst The ? is when & how, but when ever it happen it will create a much bigger void in financial & commodities markets than people can ever imagine.
Views Given By TrendCalls Team

Thursday's Trading View 16-12-2010

Nifty Resistance levels for Thursday's are at 5931-5937  & 5984-5990 & Supports are at 5852-5858
Views Given By TrendCalls Team

Wednesday's Trading View 15-12-2010

Nifty again found its day high  @ 5969.95  as the Resistance, as said by our TrendCalls Team levels of 5962-5968 .  

Going ahead Resistances for Nifty on Wednesday are at 6025-6035 levels but the zone between 6000-6100 will be the most crucial zone for Nifty in coming days to be crossed for strength Supports are at 5928-5934
Views Given By TrendCalls Team

Tuesday's Trading View 14-12-2010

Nifty just fell shy of TrendCalls Team Resistance of 5944-5950 & made high of 5940 in dying moments as the opening & high in nifty was same at 5985.
Tuesday Resitance levels are placed 5962-5968 & Supports are placed at 5964-5970
Correction. --Supports  are placed at 5864-5870
Views Given By TrendCalls Team

Monday's Trading View 13-12-2010

Volatility to remain & Nifty day ranges will expand Resistances level for Monday are at 5917-5923 & 5944-5950 & Supports to come at 5837-5843
Views Given By TrendCalls Team

Domestic Issues For Next Week

 News & Scams to remain main issues for this week & markets are likely to be driven by these two issues. There would be no clear direction as not much economics have been affected by any of these. May be towards end of the week markets will try to focus on economic issues till then its a bumpy ride. Liquidity is tight & TrendCalls Team had been very vocal in their stance towards inflation. So in our view suction of the liquidity was the right step taken by RBI. Now ? arises is,  whats next? Still buffer  Government spending has been parked with RBI & as soon as Government opens its coffers liquidity will be back. Postponing FPO's too, can indirectly let the liquidity flow into the secondary market. But will this liquidity be able to help equity markets or will this trend become sell on rallies. The answer to this lies in some days to come & In TrendCalls Team view markets can go in sideways mode for months to come so that we consolidate & digest the gains we had till now.
Views Given By TrendCalls Team View

International Issues For Next Week

ECB reaction to the markets forces will determine the Euro movement which in turn will guide Equity markets. Will the ECB & Euro-Zone countries bend to Euro hammering or will they stay put is the ? Japan on the other hand had always been on support of Quantitative easing & there is surplus amount of liquidity support provided by them & China is likely to exit its lax monetary policy in an orderly manner & are trying hard that it does not cause economic disruptions. But in TrendCalls Team View however hard they try there will be hard landing in China & it is inevitable. US on the other hand is paying high yields to the investors & the Dollars' strength is not at all reflective of the yields. The adjustments of the currencies world over has still not taken place completely & it will be very slow & painful process because the authorities involved are not letting the free market dynamics to play out. Politics is the center point in all economic activity all over the World & it may continue or worsen. The genie of inflation has begun its role on major parts of the world population & it will get worse if all these policies continue. Till then play for the burst of the bubble.
Views Given By TrendCalls Team

Thursday's Trading View 09-12-2010

Nifty Resistances at 5960-5966 & Supports are at 5888-5892
Views Given By TrendCalls Team

Wednesday's Trading View 08-12-2010

It was again a very volatile day Nifty break Supports & came back ferociously.
TrendCalls Team Resistances for Wednesday of Nifty are at 6036-6042 & 6060-6065 Supports to come at 5968-5973
Views Given By TrendCalls Team

Tuesday's Trading View 07-12-2010

Volatility volatility volatility was the name of the day Nifty broke Resistances & Supports both but not with lots of conviction on either side Trendcalls Team Support given was at 5998-6004 & low made by Nifty was at 5988 to close at 5992.

Tuesday move will be more stable as compared to Monday Resistances to come at 6053-6059 & Supports at 5968-5974

Views Given By TrendCalls Team

Monday's Trading View 06-12-2010

For Friday TrendCalls Team gave Supports at 5967-5973 & low made by Nifty was at 5972.05
As for Monday Nifty Resistances to come at 6047-6053 & 6063-6069 & Supports to come at 5998-6004
Views Given By TrendCalls Team

Domestic Issues For Next Week

The News flow on Domestic front is quite strong & many corporates have been hit by these non economic news flow & all for wrong reasons, But these news flow will indirectly create more stringent norms for corporate borrowers. Which in turn will create an impact on infrastructure companies which have long gestation periods & debt to equity ratio is skewed towards debt. This will certainly have an impact on the profitability of these companies. On inflation front there is some good news that food prices have started to stabilize & cement prices have started to drop. The over capacity in cement will dent the profitability of cement companies & it will take some time before this sector comes out of the shadows of overproduction.

Views Given By TrendCalls Team

International Issues For Next Week

In TrendCalls Team View markets will try to focus on ECB & Feds action & comments. Mr Bernanke is hell bent to give free flow of Dollars to the markets till a bubble is created in the markets. In his recent Statement he has indicated that they may exceed QE2 of 600 billion Dollars. The impact could be Dollars reversal & more fund flows to Emerging markets. On the other hand ECB started to buy bonds of the countries which are in peril.
In the real sense true economics is not the game anymore but interventions by Government authorities are keeping the markets on the roll & nobody knows how long they will keep supporting the markets till then its a one way journey. But as everybody knows bonds, equity, commodity or forex every market will discount this phenomenon in advance as we did in 2008 before the actual collapse started taking place.
Views Given By TrendCalls Team

Friday's Trading View 03-12-2010

Nifty opened gap up & went near TrendCalls Team Resistance level of 6044 & made a high of 6038.9
Resistances for Nifty for Friday are placed at 6063-6056 & Supports to come at 5967-5973
Views Given By TrendCalls Team 

Thursday's Trading View 02-12-2010

Resistances 6044-6050 & Supports 5838-5832
due to technical problem we are unable to write full artcile
Views Given By TrendCalls Team

Wednesday's Trading View 01-12-2010

Tuesday was a nasty day for bears Nifty opened lower made a new low & then went up till 5915 breaking past through TrendCalls Team Resistance of 5898-5892 to close just below Resistances at 5889.95
Wednesday's Resistances for Nifty to come at 5940-5946 & 5962-5968 Supports to come at 5827-5833
Views Given By TrendCalls Team