Last Saturday at our web site. ... All SL are based on the closing basic. Weekly Economic Calender and our view also added in weekly Preview Page. Nifty Spot View;- Nifty spot it may possible that it will show some small size correction that could be 70 to 80 points. But trend is bullish. Nifty Spot is moving for 8600 - 8666. Nifty Spot is overbought but candle is bullish. It will give further gain. Monday Nifty Spot if trade first hour above 8387 look for further gain. Currently Positional Traders can make long position with any dips. Nifty November series closing could be near 8600 - 8660. Nifty Spot in next 7 months will trade in 8600 - 8660 (moving) - 8180 (Support) - 9450 (Target) Buy Nifty with SL 8320.35 (Closing) Target 8568 (weekly) Extension 8660 Nifty Future SL 8332 (Closing) target 8580 Ex 8660 Nifty Spot below 8320 look for correction that size could be 88 points. Chart pattern is showing that Nifty Spot is trading in Bullish phase. Nifty Spot weekly Bank Nifty Spot View;- Bank Nifty Spot will get resistance at 17770 - 17785 (It is forcing resistance that could force Bank Nifty Spot to lower level, It could make panic in Bank Nifty) Bank Nifty will get major resistance at 17770 once pass it will move above 17785 look for 17838 and 17900. Bank Nifty Spot could move up or above 18000 only with RBI Rate cut. If they not cut the rate it will give 1200 - 1500 points correction. However, 16350 - 16410 Major support zone in Daily chart that not easy to pass. Mean Bank Nifty will move back or take support from 16350 - 16410 and bounce back to 18400. (Correction only can start after RBI policy or before) Bank Nifty Future Trade View;- Buy Bank Nifty Future SL 17428 Target 17900. CNX IT INDEX VIEW;- CNX IT is could give some 68 - 100 points correction use view for trade. So make SL 11400 and look for target 11710 (Week time) We are highly bullish on CNX IT. We are looking that CNX IT could outperform to Nifty or other Index. Short term CNX IT could test 12200 (Mean 700 - 800 more points in coming weeks) CNX MID- CAP INDEX VIEW;- CNX MID - CAP SL 11935 Target 12369 / 12411 (CNX Midcap could get forcing resistance at 12411 that could force CNX MID CAP to come down till 11940 and later it will move back to 12710. STOCKS IDEA FOR WEEK;- Sorry to say that two stocks given on Wednesday and Thursday for coming week Glenmark and CESC both are moving smartly. However, our buying price is just missed. It is happened due to Nifty View.....(Mix) 1) Glenmark Pharma Buy and make average near 755 Target 810 SL 725 2) CESC SL 712 Target 810 Buy and make average 720 (Do not worry if correction make average near 720. Such pattern most of the time (Chance is 35%) going back to start points. Start point is 716 and lower end is 712.20 mean it will not go below 712.20) 3)Buy PFC SL 267 Target 300 - 308 (Later added) Buy Lupin SL 1411 Target 1475 - 1480 (Book 100% Profit near 1475 - 1480) (We booked 50% profit at 1455 - 1458) DJI (USA) INDEX CASH VIEW;- DJI is become overbought. Monday could give some correction and later move back to 17800 SL 17500 GOLD VIEW;- Gold Cash or Spot under pressure. However, small relief rally is expected that could be show 1195 - 1200 and later it will move back to 1080 SL 1218 (Gold view is not changed) However, we are still not positive on the gold. Gold next 7 months going to drag your investment. However, we are strongly asking to Investor that hold your Investment. USD/INR:- INR is showing weakness. USD/INR Pair SL 61.25 Target 61.95 Economic reports for coming week ;- Sunday 16 Nov Japan GDP (Q3, preliminary) Monday 17 Nov US industrial and manufacturing production (October), 2.15pm: Industrial production is expected to grow by 4.13% YoY and manufacturing by 3.08% YoY, from 4.3% and 3.7% respectively. Market to watch: US indices, dollar crosses Australia conference board leading index (September), 11pm: The leading index covers a selection of variables that provides a useful cyclical indicator for the Australian economy. Market to watch: S&P/ASX 200 AUD/USD Tuesday 18 Nov Reserve Bank of Australia minutes (November), 12.30am: Continuing the run of Australian data, the RBA’s minutes will provide useful clues on how the Australian central bank views the economic landscape. Market to watch: S&P/ASX 200 AUD/USD UK CPI (October), 9.30am: Price growth in the UK is expected to be 1.1% YoY and -0.05% MoM, from 1.2% and 0% in September. Market to watch: GBP/USD EUR/GBP German ZEW (November), 10am: The medium-term forecast for the German economy is expected to rise to 1 for the month, from -3.6 in October. Market to watch: DAX Estoxx 50 EUR/USD EUR/GBP Wednesday 19 Nov Bank of Japan policy statement (November), 12am: Further commentary regarding additional easing would give another lift to USD/JPY and boost stock markets. Market to watch: Nikkei 225, all major indices,USD/JPY Bank of England minutes (November), 9.30am: The previous vote was 7-2 to keep policy unchanged, but the recent inflation report was more dovish and thus an 8-1 reading may be seen. Market to watch: GBP/USD EUR/GBP US housing starts and building permits (October), 1.30pm: 1040K building permits and 1025K housing starts are expected for October. Market to watch: US indices, dollar crosses US EIA crude inventories, 3.30pm: Last week the reserves dropped by 1.74 million, and are expected to fall by 2.3 million barrels in the next reading. Market to watch: US light crude Wednesday 19 Nov Federal Open Market Committee minutes (October meeting), 7pm: Dovish commentary here would give indices a further lift. Market to watch: all major indices, currency crosses Thursday 20 Nov China HSBC manufacturing PMI (November, preliminary), 1.45am: The final reading for October was 50.4, and improvement here would provide a boost to mining stocks and general risk appetite. Market to watch: China A50 FTSE 100 AUD/USD copper German/Eurozone manufacturing, services PMI (November, preliminary), 8.30 – 9am: The German data is expected to rise to 51.5 for manufacturing and 54.5 for services, after 51.4 and 54.4 last month. Meanwhile, the eurozone figures are forecast to be 51 and 52.5 for manufacturing and services respectively, from 50.6 and 52.3 in October. Market to watch: DAX Estoxx 50 EUR/USD EUR/GBP UK retail sales (October), 9.30am: These are expected to grow by 3.1% YoY and remain flat MoM, from 2.7% YoY and -0.3% respectively in September. Market to watch: GBP/USD EUR/GBP US CPI (October), weekly initial initial jobless claims 1.30pm: Expectations are for a YoY rise in CPI of 1.6%, from 1.7% last month, and a 0.1% drop MoM from a 0.1% gain last month. Market to watch: US indices, US dollar crosses US manufacturing PMI (November, preliminary), 2.45pm: The reading is expected to rise to 57, from 55.9 in October. Market to watch: US indices, dollar crosses Philadelphia Federal Reserve (November), existing home sales, leading indicators (October), 3pm: This run of data is expected to show the Philly Fed index rising to 21, from 20.7, home sales up 1% MoM from a 2.4% gain last month and leading indicators up 0.5% from September’s 0.8% gain. Market to watch: US indices, dollar crosses Friday 21 Nov UK public sector net borrowing (October), 9.30am: Borrowing for the month is expected to be down by £3.7 billion, from an £11.07 billion drop in September. Market to watch: GBP/USD EUR/GBP Canadian CPI (October), 1.30pm: YoY data is expected to be 1.9% from 2% last month, and 0.2% MoM from 0.1% in September. Market to watch: USD/CAD Written By Team Dream
Posted on: Fri, 21 Nov 2014 05:36:02 +0000
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