Outlook for August 20, 2010
It was a 52‐week high closing for Nifty on August 19. The optimism of the previous session was clearly visible. The Nifty ended the day 61 points, higher or 1.10%, at 5,540.10, While the conquest of the 5,500 level with increased participation indicates a bullish trend, some caution is in order. If the Nifty manages to breach 5,500, it may spurt further.
Afterwards, the index may face resistance at 5,563.90 and 5,578.60 levels.
On the downside, the Nifty is likely to find support at 5,500 levels. If it slides down further, it could find next support at 5,454.40.
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August 19th, 2010 | Tags: bullish, conquest, NIFTY, optimism, spurt, trend | Category: Aranca India Technical Analysis Daily | Leave a comment
Outlook for August 19, 2010
The Nifty ended with a gain of 65 points, or 1.20%, at 5,479.15 after Tuesday’s consolidation. It closed above its key resistance levels with higher volumes indicating emerging buying interest among traders. In today’s trading session, the Nifty touched 5,480 and closed a shade lower. In the coming trading session, it is likely to conquer 5,500 levels. If the Nifty closes above 5,500, it is likely to find resistance at 5,532.80. However, a drift below 5,450 and it could find the next support at 5,400 levels.
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August 18th, 2010 | Tags: NIFTY, Trading | Category: Aranca India Technical Analysis Daily | Leave a comment
Outlook for August 18, 2010
Following previous day’s losses, the Nifty ended with a marginal loss of 4 points, or 0.08%, at 5,414.15. During intraday trade, the Nifty succumbed to the selling pressure due to which it failed to go past 5,450 levels. The index continues to consolidate in a narrow trading range with lower volumes indicating indecision among traders. A falling ADX of 19 further confirms this trend. A closure below 5,400 could trigger further downside and Nifty could find next support at 5,350 levels. If it closes above 5,450 and breaches 5,480 with higher volumes, it is likely to target 5,500. We recommend traders to watch for key levels before initiating a trade.
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August 17th, 2010 | Tags: ADX, intraday, marginal, NIFTY, succumbed | Category: Aranca India Technical Analysis Daily | Leave a comment
The Indian Manufacturing and Execution System (MES) Market is above US$ 30 million and will grow at a CAGR in excess of 18 percent from 2010 to 2016 says Frost & Sullivan in a 2010 report.
August 17th, 2010 | Tags: CAGR, Frost & Sullivan, Manufacturing and Execution System | Category: Aranca Data Points, Technology | Leave a comment
Outlook for August 17, 2010
The Nifty started the week on a negative note to end the day with a loss of 34 points, or 0.62%, at 5,418.30. During intraday trade, the index failed to breach key resistance level of 5,480 levels and with traders booking profits, it dropped in the second half. Although the index ended in a negative territory, the undertone of the market continues to remain sideways as indicated by a narrow trading range and falling ADX of 21. If the index sustains above 5,450 and breaches 5,480 with higher volumes, it could trigger a bullish trend. On the downside, a closure below 5,400 levels could drag the index further down where it has the next support at 5,350.
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August 16th, 2010 | Tags: ADX, NIFTY, Trading | Category: Aranca India Technical Analysis Daily | Leave a comment
Outlook for August 16, 2010
On the last trading day of the week ended August 13, the Nifty ended its three‐day losing streak to
close with a gain of 36 points, or 0.66%, at 5,452.10. After the doji like formation during
Thursday’s session, the Nifty’s closure in a positive territory looks encouraging though it failed to
breach and close above its key resistance level of 5,480. In the coming trading sessions, if the Nifty
manages to sustain above 5,450 and breaches 5,480 with higher volumes, it is likely to target
5,500. However, a drift below 5,400 levels could trigger further downside and may find next
support at 5,350.
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August 16th, 2010 | Tags: doji, NIFTY, territory, Trading | Category: Aranca India Technical Analysis Daily | Leave a comment
Outlook for August 13, 2010
For the third session in a row, the Nifty ended in negative with a marginal loss of 4 points, or 0.08%, at 5,416.45. The pullback from the day’s lows though, has been impressive. During intraday trade, it breached the key support levels but managed to close above them indicating some support there. The formation of a doji like pattern on the daily charts indicates indecisiveness among traders. A drift below 5,400 levels could trigger further downside and may find next support at 5,382.20 and 5,348. The Nifty is likely to find immediate resistance at 5,450. We recommend traders to maintain caution in the near short‐term.
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August 12th, 2010 | Tags: doji, intraday, NIFTY, pullback | Category: Aranca India Technical Analysis Daily | Leave a comment
The Consumer Electronics and Durables sector is in India is a Rs.30,000 crores industry.
August 12th, 2010 | Tags: CEAMA, Consumer Goods, Electronics sales | Category: Consumer Goods | Leave a comment
Refrigerators registered a 30 % growth with total sales of 1.7 million in Q2, 2010 and in Q2 2009 1.3 million units were sold.
August 12th, 2010 | Tags: CEAMA, Consumer Goods, Refrigerators | Category: Consumer Goods | Leave a comment
The Consumer Electronics and Durables sector is in India is a Rs.30,000 crores industry.
August 12th, 2010 | Tags: Air Conditioners Sales, CEAMA, Consumer Goods | Category: Consumer Goods | Leave a comment
