Joshi's Gateway to the Financial Market

Monday market is expected to open on  positive note , we can see Nifty spot to trade around 5270-5275 in opening , if Nifty spot able to sustain above 5255 then it could move further higher side, Nifty spot is having resistance at 5255-5270-5285 above 5285 we could see buying comfort in market and it could move till 5315-5340 during the day, where as Nifty spot is having support at 5235-5215-5200 below 5200 it could slide till 5185-5170 .

Thursday market is expected to open on positive note, we can see Nifty spot to trade around 5155-5165 in opening trade, if Nifty spot hold the 5150 level then we may see more fresh buying to initiate in market , Nifty spot is having resistance at 5165-5185-5200 above 5200 we may see short covering in market and it could move till 5220-5245 during the day, where as Nifty spot is having supports at 5120-5095 below 5095 we may see profit booking to initiate in market and it could slide till 5070-5050 .

Greetings for you & your loved ones…….Happy Merry Christmas & Happy New Year

Today if NIFTY spot trades above 4998 for 10 mins, will rise to 5010 ~ 5030 levels

"Now the verdict is clear".We don't expect any major fireworks in the mkt until new year.

Since DEC 1st the high & low of NIFTY is just 238 points.There could be one odd day where NIFTY moves around 100 points.

But, majority of the days its going to be empty sessions only.Downside Target - 4870 ~ 4800.Strong come back expected from the above levels.

Next proper support only @ 4870 - 4800

MACD is now in negative zone

Next best to buy only above 5068 (On closing basis. Not while trading) Or downside near 4800

Once cross over 5183 it going to be fireworks in coming days

High chances to hit the high of 5255 ~ 5300

Until it crossover 5183 it is going to be volatile

Today's NIFTY Levels

NIFTY SPOT: 4986

Support Levels: 4982 - 4978 - 4974 - 4962 - 4953 - 4944

Resistance Levels: 4990 - 4994 - 4998 - 5010 - 5030 – 5043

NIFTY Future: 4989.50

Today NIFTY Fut above 5000 with volumes will try & touch 5014 - 5023 - 5049

Resistance Levels: 4996 - 5000 - 5014 - 5023 - 5049

On the down side breaking below 4979 with volumes can fall down to 4967 - 4956 - 4937

Support Levels: 4983 - 4979 - 4967 - 4956 - 4937

• Muhurat Trading will be held on Friday, 5th November 2010 (Diwali Amavasya – Laxmi Puja)

• The Exchange may alter / change any of the above Holidays, for which a separate circular will be issued in advance.

Not willing to change the words here except few

1) Market will be down for another 2 days

2) Any rise sell until it touch 4870 ~ 4800

There could be a bounce back even tomorrow or after 2 days,but it is not a regular one. Wait & buy slowly "Now the verdict is clear" take break till month end.. Start fresh from Jan we don't expect any major fireworks in the mkt until new year.Since DEC 1st the high & low of NIFTY is just 238 points.

There could be one odd day where NIFTY moves around 100 points,but, majority of the days its going to be empty sessions only downside Target - 4870 ~ 4800. Strong come back expected from the above levels

Next proper support only @ 4870 - 4800

MACD is now in negative zone.Next best to buy only above 5068 (On closing basis. Not while trading) Or downside near 4800

Once cross over 5183 it going to be fireworks in coming days.High chances to hit the high of 5255 ~ 5300.Until it crossover 5183 it is going to be volatile.

Today's NIFTY Levels

NIFTY SPOT: 4952.60

Support Levels:: 4948 - 4943 - 4938 - 4923 - 4898 - 4870

Resistance Levels: 4958 - 4962 - 4967 - 4982 - 4998 – 5007

NIFTY Future: 4948.55

Today NIFTY Fut above 4965 with volumes will try & touch 4981 - 4996 - 5007

Resistance Levels:4954 - 4959 - 4965 - 4981 - 4996 - 5007

On the down side breaking below 4932 with volumes can fall down to 4917 - 4890 - 4860

Support Levels: 4943 - 4938 - 4932 - 4917 - 4890 - 4860