BSE Sensex NSE Nifty Analysis target outlook prediction For Month August 2010
First See the Sensex Chart
Sensex Closing price 17868
There is Strong Support Available in the Price band of 17500-17600
levels of Important moving Averages of Sensex are given Below
50 DMA :17452
100 DMA :17420
200 DMA:17125
200 DMA is the Dividing Line Betweens Bullish Sensex and Bearish Sensex
So one can buy when Sensex Reaches there with target of 19000 in Sensex in month of August itself .
Keep a Stop Loss of Closing Basis of 17180 on Sensex
Nifty Chart
Nifty at Current market price 5367.6 is very Near to an Important Support of 5300 which is most likely to hold any Bear pressure.
5300 Strike Price Put of Nifty is having open interest of 75 lakhs so its an important support
5500 and 5600 Calls of Nifty are Fighting to decide upper level this month.
Both are evenly poised with open interests of
more than 65 lakhs each
Buy Nifty Below 5350 near to 5300 with stop loss of Close Below 5250 in Nifty.
At Present level of Nifty there is not much downside available
Nifty is having 1st Target of 5550 this month
Hi,
Thank for the update …
Some news about the market that it will raise more 400 -500 points from current lvl and see a slow fall till 5400 lvls …. then the run goes on ……and this lvl of 5400 -5800 will trade till Mar-2011 ..
provide me ur views here on to my mail….
LEO
if you think 5300 is a strong support for nifty, why do you not recommend a put sell at 5200 instead of a buy.
Dear
One and Same thing
Buy means general buying in Stocks or Nifty Futures or Call
While put is Nifty Specific only and among one of the methods
regards
Dear LEO
I am generally Bullish Till 6200-6300 level in Nifty Even if we are going to fall in next leg
6200 is the level to think about what to do
Till then looks Safe
with a time Frame 1-2 years max
regards