NIFTY Weekly Update - Kedar K Murdeshwar

1st October,2011 Saturday

Nifty:Nifty closed 1.55% up from the previous close.(ie 75.50 points up).Though it made a formation of Lower top and lower bottom from the previous week,it managed to give a close above previous week.The Volumes are Continuously Falling for the last 4 weeks.

Given below are the Support & resistance levels for Next week

Nifty Support: 4792,4642 and 4526
Nifty Resistance:5059,5175 and 5326

Junior Nifty Support: 9643,9463 and 9290
Junior Nifty Resistance: 9995,10168 and 10347

Cnx Bank Support: 9193,8918 and 8670
Cnx Bank Resistance: 9716,9963 and 10238

Stocks that can be bought for next week

BEL (1534.10) Target 1560,Cummins India (414.30) Target 425,Power Grid (98.45) Buy above 99 and Target is 100,Sesa Goa (200.55) Target 208.

DOJI Formation on Weekly Chart - Kedar K Murdeshwar

1st October,2011 Saturday

Candlestick Formations on weekly Charts and its Importance

DOJI Formation:The Pattern of Indecision.If the Stock gives a close above the doji's high on the next candle the stock can rally up.

In the Given below scrips a Doji has been formed on the weekly chart.If the next week gives a close above this DOJI's High there are chances that the stock may rally.

Ackruti (190.05)

Advanta:A doji was formed in the previous week ended 23rd Sept.And the stock gave a close below the doji's low indicating Bearishness.

Asahi India (67)

Ashok Leyland (26.10)

Boshl Ltd (7051.20)

CESC (277.60)

CMC (829.55)

ELgieEquip (70.85)

GujFluoro (538.20):In fact there is a formation of Doji Spinning Tops.,Beware of this pattern.The stock can come down.

Gujrat Gas (431.05),Himmat Siede (33.50),Indswift lab (85),Infotecent (115) and NHPC (23.50)

Daily Market Update and Overview for 30th Sept 2011

29th Sept,2011 Thursday

Sensex: 16698.07 (252.05 points up)
Nifty: 5015.45 (69.55 points up)

MCX Gold: 25700 (up by 27)
INR:USD: 49.18

Dow:  11010.90
Nasdaq:  2491.58
CAC: 3012.46
Hang Seng: 18011.06
DAX: 5574.48
FTSE: 5192

Nifty was up today but may face resistance at 5046 and 5059 in intraday tomorrow.These are immediate tough resistance levels.

Nifty Gainers: JP Associate (7%),Kotak Bank (3%) and Infy (3%)
Nifty Losers: Sesa Goa (-2.22%),LT (-2.19%) and Rel Capital (-2.15%)

Overview for tomorrow (30th Sept,2011 Friday)

The Support Levels for Nifty for Tomorrow are 4937,4857 and 4809.
The Resistance levels for Nifty are 5065,5114 and 5193

Stock Recommendtations for Tomorrow are as follows

Buy HSIL.Target for Tomorrow 183 and 190
Buy Bom Dyeing.Target for Tomorrow 390
Buy Alok Textile.Target 20
Buy JP Power.Target 36
Buy Tulip.Target for Tomorrow 170

Sector impacts of fuel price hike

29th September,2011 Thursday
Sector impacts of fuel price hike

1. Oil marketing companies
Who gets to encash the price hike? It's none other than OMCs like IOC, BPCL, HPCL, who are the direct beneficiaries of the hike. The so called bad news for general public is excellent news for these companies in the short to medium term.

2. Banking and automobile companies
As fuel price hike news is a dampener for vehicle buyers (especially four wheelers), in the short run there is a decrease in the demand of luxurious and fuel inefficient vehicles. This decrease in demand in turn reduces the loan growth of banking sector

3. Alternative fuel companies
A company which produces alternative fuel sources like Indraprastha Gas Limited becomes hot favourites in such times. It's clear that conventional fuel prices are bound to increase in future; alternative fuel generating companies are going to be the winners in the long run.

4. Cement, steel companies
The sectors which are heavily dependent on transportation – and hence fuel oil -- are negatively impacted in short term especially during the rainy season as they are not able to pass on the additional cost to the customers because of reduction in demand.

WORLD HEART DAY SPECIAL - BY KEDAR K MURDESHWAR

29th Sept 2011 Thursday (World Heart Day Special)

My dear friends,I understand that the markets have become too much Volatile.Every other day we hope to see the markets up,and we find that the market falls and also erodes our wealth.(hard earned money from the stock market).

Many of us are mature enough to understand that these ups and down;s are an indispensable part of Stock market.But on the other there are many such individual traders,investors or Brokers who cant bear the loss due to their maximun exposure to stock market without proper analysis.This Financial loss leads to mental stress and many a times causes Heart Attacks (some minor,some severe and fatal).

We are in the stock market to make money and not suicide by exposing ourselves to Heart Attacks.

Today is WORLD HEART DAY! Lets vow not to take too much stress from this financial Volatility and be fit and fine.After all Health is Wealth.

Trade with caution and Trade with Proper Analysis.TECHNICAL ANALYSIS!!

HAPPY NAVRATI TO ALL INVESTORS AND TRADERS - KEDAR K MURDESHWAR

28th Sept,2011 Wednesday

TODAY'S CLOUR IS BLUE

MAY THE GODDESS BLESS U AND HELP US MAKE THE RIGHT INVESTMENTS IN THE RIGHT MANNER!

During the nine days of Navratri there is a custom of wearing different colour dress.-Sarees (Sari) and Churidhar – mainly in Gujarat and Maharashtra.

The nine Navratri colors for 2011 are

Pratipada - September 28, 2011 (Wednesday) -BLUE

Dwitiya/Tritiya - September 29 (Thursday) -YELLOW

Chaturthi - September 30 (Friday) - GREEN

Panchami - October 1 (Saturday) - GREY

Sashti - October 2 (Sunday) - ORANGE

Saptami - October 3 (Monday) -  WHITE

Ashtami - October 4 (Tuesday) - RED

Navami - October 5 (Wednesday) -PURPLE

Vijayadasami - October 6 (Thursday) - PINK

Daily Market Update and Overview for Tomorow - Kedar K Murdeshwar

28th Sept, 2011 Wednesday

Sensex: 16453.23
Nifty: 4945.90

MCX Gold: 26191 (up bt Rs 4)
INR-USD: 49.18 (down by -0.44)

Dow: 11190.69 (up 1.33%)
Nasdaq: 2546.83 (up 1.20%)
CAC: 3025..54 (up 0.07%)
Hang Seng: 18011.06 (down 0.66%)
DAX: 5632.83 (up 0.08%)

Todays Nifty Top Gainers were HCL Tech (3.43%),DLF (2.78%) and NTPC (2.35%)
Today's Top Nifty Losers were Rel Capital (-7.17%),JP associates (-5.24%) and RelInfra (-4.78%)

Tomorow's Market Overview (for 29th Sep,2011)

Nifty Support levels for Tomorow:4908,4869 and 4820
Nifty Resistance levels for Tomorow: 4995.5044 and 5083

Buy Calls for Tomorow are as Follows

Buy Amtek India.Targets for Tommorow are 136 and 140
Buy FMGoetze.Targets are 245 and 250
Buy GSPL and Targets for Tomorow are 106/107
Buy Jisljaleqs.Targets for tomorow are 156 and 158.
Buy Hcltech:Targets for Tomorow are 412 and 417