NIFTY & BANK NIFTY WEEKLY OUTLOOK
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7:25 PM | Posted in
Here is last week sector wise performance :














Nifty weekly levels :
PIVOT -----  5129




SUPPORT ----- 5100/5063/5034





RESISTANCE ----- 5166/5195/5232


If anything dramatic happens we have strong support at 4990
After breaking out from huge Head and shoulder we are trading in a range of 700 points from 6 months.
Take a look at monthly chart here.
















200 day moving average raising fast and now it is at 4800.If everything is ok globally ,trading range might shift to 5000 to 5400 in coming days.If we get a breakout above 5300 also for every 100 -150 points raise  it will be difficult to sustain at higher levels.

Levels to watch out for next week
Downside ----- 5090 , 5060 ,5030 and 4990
Up side ----- 5168 , 5200 , 5240 and 5300

Bank nifty weekly levels :
PIVOT -----  9159




SUPPORT ----- 9088/9002/8931



RESISTANCE ----- 9244/9315/9401

Going ahead bank nifty has strong support at 8600 levels and strong resistance comes at 9400 levels.As long as bank nifty stays above 9400 it's bullish and if bank nifty holds above 9400 level it will move nifty along with it.From past 5 weeks bank nifty closed in positive territory.

Bank nifty 200 day moving average comes at 8200

For next week we have support at 8880 level and strong resistance at 9400 level.

** Everyday morning at 8:30 am and 12:30 pm i will post stock picks for intra day

Cheers & Best to your trading
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HANGSENG MARKET WEEKLY OUTLOOK
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11:05 AM | Posted in
PIVOT -----  21200



SUPPORT ----- 21068/20926/20794
RESISTANCE ----- 21342/21474/21616


Hangseng finished 2% up in last week and it closed positive from past three weeks and range is contrasting week by week.
Much on expected lines and it's got resisted at 21500 level.


Technically hangseng in neutral trend with negative bias.
If we get a weekly close below 20900 that suggests first weakness


On the way to upside watch 21500 and 22200 levels.Above 22200 ,22700 is stiff resistance.


Cheers & Best to your trading
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SHANGHAI MARKET WEEKLY OUTLOOK
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12:23 AM | Posted in
Much on expected lines read my last week post here.

PIVOT -----  3037

SUPPORT ----- 2988/2963/2914
RESISTANCE ----- 3062/3111/3136

This week pivot matches with my resistance 3040.I am repeating as long as shanghai trades below 3040 it's bearish.
Technically shanghai in downtrend.

Supports at 2960 and 2920 and 2880
Resistance at 3080 and 3190

Last week inflation data putting pressure to raise Interest rates in china.

Cheers & Best to your trading

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DEBT WOES CONTINUES
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11:13 PM | Posted in
Yes you read it write.
After greece it's Italy and California now.Soon may blast out.

Italy's total public debt is high and it owes $1.8 trillion and it's 6 times bigger than Greece $270 billion debt
that means it's almost 125% of it's GDP.





California has $ 200 billion budget deficit and raising un employment in California.This is also under alarm bell.

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