02-08-2010 to 06-08-2010, WEEKLY TREND

I expect NIFTY SPOT to trade rangebound. New series started with light OI indicating traders are not confident about further up move. NIFTY SPOT will face R 5410-5420, 5440-50. I will prefer to watch 5440-50 levels for further up move. Failed to cross these levels will attract fresh shorts in market. On contrary sustainable up move above these levels will open door for fresh up move which looks difficult in current situation. On up side, NIFTY SPOT strong R 5480-90. NIFTY SPOT will take S 5280-90. Break below 5270 levels will warn about possible correction. NIFTY SPOT strong S 5220-30 for next week. Stock specific action will remain in market.


Sunday, February 7, 2010

07-02-2010, TIGER weekly trend

07-02-2010
WEEKLY TREND:

1) Total OI of NIFTY FUT up 7.04% NIFTY FEB FUT down 3.43% last week.

    6 points discount (+ 4points) increased to 10 points discount compare to

    NIFTY SPOT last week.

2) Out of NIFTY 50 STOCK FUTS, 3 STOCK FUTS closed positive, 39

    STOCK FUTs closed negative and 8 STOCK FUTs close flat last week.
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