NIFTY TODAY TOMORROW: Nifty & Tata Steel Outlook for 20'th March 2009 :-

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Friday, March 20, 2009

Nifty & Tata Steel Outlook for 20'th March 2009 :-

Dear Viewers,

Good Morning & Wish you Happy trading today............

Nifty Forecast for 20'th March :-
As forecasted Nifty reached its first target 2770. After initial bounce in early morning, Nifty will find Profit booking in late trades. US market closed with red tick. Nifty (March) future discount has decreased from 15 points to 7 points and around 1.8 lakh shares were added in open interest. PCR(OI) has reached @ 1.61 (bad sign for market).
We expect Nifty to open 2797-2807 & move up to 2828-2837. Nifty may make low of 2740-2745 Close @ 2756-2765. Nifty failed to cross its resistance around 2830,2850. Nifty has 100 DMA is 2839.

TataSteel Forecast for 20'th March :-
As forecasted Tata Steel reached its first target 170.Tata Steel is expected to open Flat. Tata Steel expected to open 172-173. Tata Steel will make a high 175.7-177.5 & low of 167-168. Tata steel will close around 170-171.

Tata Steel ADVANCE SCIENTIFIC Chart 20'th March 2009 :-
(Forecasting this to happen during the Market Trading Hours)

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A WORD NIFTYTODAYTOMORROW CHART

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Nifty is Collection of Stock & indicator of market breadth. We find maximum calls for it. Generally Market Analyst predict market instrument in general way with traditional “IF” & “BUT”. “IF” shares rise to (X) level Then prices will up to (X+Y (resistance), still looks rising then (X+Y+Z(resistance). Share prices will be now Z level.

“BUT” share goes down from A level to support B(Support) level still brakes prices then new supportive price will be A-B-C is New Supportive price. Support & Resistance are never permanent. It changes day to day. Support & resistance is exists to broken. Generally Investor, Trader or analysts can’t decide which way market is moving that is only reason why Analysts always remains success full & trader always keeps trailing stop loss. Investor keeps losing his trading capital in hope to success.

Only God knows 100% & we are poor people. As a human being we may wrong at times. We all work together to rectify our mistakes. Our chart is without “IF” & “BUT” with advance prediction of market before market opens. We show chart with every minute trend with market. Hence maximum chances of wrong predictions at every minute & we are not hiding charts in “IF” & “BUT”. Nifty is highly volatile & combination of 50 volatile stocks. Which are also major concerns for us. If any of one stock gives erratic move then chart may be wrong. However proudly we have success ratio of 70% to 80%. We try to improve day to day this.

Still we request our followers to concern below mention things.

1. This is intraday chart & predicted & made before at least a week. So minor adjustment need to be done by Traders’.

2. Avoid First & Last fifteen minutes of market & let calm down the market. First or Last fifteen minutes are different zone.

3. Consider any major National or International events & their data to & their impact in charts.

4. Respect weekly, monthly, yearly high lows.

5. If you don't find trend according to chart then stay away.

6. Put appropriate trailing profit & stop loss in your trade.

7. Plan before you trade & stick to your trading plan.