S&P CNX Nifty for the week 30th January 2012 to 3rd February 2012.

The Nifty was in a strong bullish trend last week as the supply seems to have petered out. 5250 should act as an important resistance which if conquered conclusively will take it to 5325 and subsequently 5400 levels. However, a technical correction is over due as indicated by the stochastics and the RSI. The immediate support should be at 5140 which if breached will see Nifty go down to 5045. If 5045 level holds then the breakout of last week stands confirmed and Nifty will see a new range in the current series. 

S&P CNX Nifty for the week 23rd January 2012 to 27th January 2012.

The Nifty is in a bullish mode as it demonstrated a breakout last week. If the 5080 level is conquered conclusively with good volumes, the breakout will be confirmed. Otherwise, it will consolidate. The immediate support should be 4975 and 4920. Below 4830 level, stop loss of the bulls is liable to get triggered. However, the Nifty may turn volatile due to settlement of F & O and also holiday on Thursday.

USD-INR technicals for the week 16 to 21January 2012 .

The outlook on the currency continues to be weak as long as it trades above the 48.65 mark. However the currency did show some strength in the last trading session. The immediate resistance is at 50.79.

Another Eurozone bond crisis coming up!!

In a major setback to the Euro currency bloc, S&P announced ratings actions on 16 euro zone sovereigns. Standard & Poor’s Ratings Services cut the debt ratings of France and Austria to AA+ from triple-A. Malta, Slovakia and Slovenia were also downgraded by one notch. S&P lowered the ratings of Italy, Spain, Portugal and Cyprus by two notches. It has further indicated at least a one-in-three chance of a further downgrade in the next two years. Fitch and Moody's are yet to downgrade. However, S&P affirmed its long-term triple-A rating on Germany, with a stable outlook, and affirmed the long-term credit ratings of six others. As a fallout the German Chancellor gains more power in negotiations. May the German Authorities realise that the balance of payments crisis continues in the Eurozone and needs to be addressed before it is too late.

 

Must watch movies of 2011.

The following are the must watch movies of the year 2011. The movies are listed in order of release.                                                                                   

Film-Title

1- Utt Pataang

2- Dhobi ghaat

3- Dil to bachcha hai ji

4- Memories in March

5- Shor in the city

6- Chalo Dilli

7- I am

8- Stanely Ka Dabba

9- 404

10-Pyar ka Panchnama

11-Kashmakash

12- Kuch Love jaisa

13-Zindagi na milegi dobara

14-Bol

15-Sahab biwi aur gangster

16-Tere mere phere

17- Mod

Top five country songs of 2011.

1-Cary Ann Hearst and Michael Trent - The Thread
http://www.youtube.com/watch?v=gCTvpHkQLKw
2-Hayes Carll - Grand Parade
http://www.youtube.com/watch?v=o7bVdYpOk0o
3-David Nail Ft. Sarah Buxton- Let it rain.

http://www.youtube.com/watch?v=CyrtsrMhGWQ
4- You- Chris Young
http://www.youtube.com/watch?v=C1eysOiKbXk
5- I don't want this night to end- Luke Bryan
http://www.youtube.com/watch?v=kJq7qQP_Gvk

Top two hard rock songs of 2011.

Top two hard rock songs I liked of 2011:-
1- Lonely Boy - The Black Keys- link-
http://www.youtube.com/watch?v=oV5OGh8D-ok
2-The Sound Of Winter by Bush - link-
http://www.youtube.com/watch?v=zgxyo111QtA

S&P CNX Nifty for 13th to 20th January 2012.

The Nifty seems to be on a bullish mode. Fresh buying will emerge only if it breaks the 4885 mark conclusively. However, on the flip side the immediate support of Nifty should be 4805 and then 4765. If 4765 gets breached then we can see it slip down to 4700 levels.   

S&P CNX Nifty for 6th January 2012. be inconclusive

The nifty was inconclusive in the last session closing a tad below the critical mark. The immediate resistance  in the coming session is 4775 and immediate support is at 4705. 

USD-INR technicals for 5 January 2012.

The outlook on the currency continues to be weak as long as it trades above the 48.65 mark. However the currency did show some short term strength in the last trading session. The immediate resistance is at 52.81 and then at 52.31.

S&P CNX Nifty for 5th January 2012.

The markets did hold the 4720 mark in the last session. The next resistance is 4765 which if conquered with good volumes may see the nifty test the 4880 mark.The immediate support for nifty is at 4705. However 4660 may be considered as strict stop loss for longs below which supply may emerge.

S&P CNX Nifty for 4th January 2012.

The markets seem to be on a bullish mode owing to short covering. 4720 mark is the new immediate support. However 4650 may be considered as strict stop loss for bulls below which supply may emerge. If the Nifty trades above 4750 mark with good volumes and for longer time, we can see it go up to 4880 mark.

S&P CNX Nifty for 3rd January 2012

The nifty held up above the 4620 mark almost throughout the session yesterday. The opening trades suggest a bullish mode. However, 4719 should act as the immediate resistance beyond which fresh short covering may emerge. 4675 and then 4650 should act as immediate supports. Only below 4618 will fresh supply emerge.