Showing posts with label Intraday Tips for Tomorrow. Show all posts
Showing posts with label Intraday Tips for Tomorrow. Show all posts
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Nifty Tomorrow
Nifty Futures settled at 5448 up by 59.50 points or 1.10 %. It is likely to be bullish in the coming trading session if it manages to trade above the resistance level of 5458 else below the support level of 5332 it would be in a downward trend.
Support: 5300 - 5232.
Resistance: 5458 - 5558.

Bank Nifty Updates
Bank Nifty Futures settled at 10588.29 up by 246.80 points or 2.39 %. It is expected to be bullish in the coming trading session if it manages to trade above the resistance level of 10608 else below the support level of 10282 it would be in a downward trend.
Support: 10282
Resistance: 10608


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Nifty Tomorrow
Nifty is consolidating between 5,448 - 5,300 levels after a consistant rally. Nifty Futures is likely to stay above 5,252 levels and upward breakout at 5,460. If it breaks the level it is likely to test 5,508 levels and the positional target is near 5,600 levels. On downward side, if 5,252 is breached, then strong support is at 5,152. Mid-cap and small cap sector stocks are likely to outperform therefore, traders/investors are advised to buy these stocks with defined strict stop losse, long positions near 5452 with strict stop loss placed at 5,322.





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Nifty Futures shut stop at 5345.55 up by 71.20 points or 1.35 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5360 else below support level of 5260 it would be in a downward trend.
Support: 5260 - 5170.
Resistance: 5360 - 5410.

Bank Nifty Futures shut stop at 10154.85 up by 187.05 points or 1.88 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 10200 else below support level of 9900 it would be in a downward trend.
Support: 9900 - 9740.
Resistance: 10200 - 10530.


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On Friday, Nifty witnessed with smart gains and the trend is expected to be bullish. More upside movements are expected in Nifty in coming trading sessions. The Investors/Traders should be cautious as the Nifty volatility has started to move up from the lower levels showing that investors fear higher level selling and Global developments will continue to influence the sentiments, making the markets highly volatile.
Technical Levels for Monday:-
Support: 5,222 - 5,212.
Resistance: 5,363 - 5,373.


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Today, Nifty Futures closed at 4947.75 down by -29.15 points or -0.58 %. Nifty Futures is expected to be bullish in the coming trading session if it manages to trade above the resistance level of 5020 else below the support level of 4920 it would be in a downward trend. Traders are advised to stay cautious as volatility is likely to increase on account of the RBI`s monetary policy and derivative expiry.
Resistance: 5020 - 5135.
Support: 4920 - 4780.


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Nifty Trend
The S&P CNX Nifty showed good strength and it is back above the crucial level of 5000 and closed in green. Tomorrow, the markets are expected to open flat after taking cues from the global markets. On the upside, Nifty has resistance between the levels of 5055 - 5100 and profit booking could also be seen from this level. On the downside, Nifty has support between the levels of 4945 - 4900. Friday is the last trading day of this week therefore, some volatility might be seen. If Nifty shows strong strength above 5,000 levels, then rally towards 5,055/5,100/5,145 could be seen. If Nifty does not show strength above 5,000 levels then selling pressure till 4,955/4,900/4,8y45 could also be seen.

Strategy: Traders are advised to trade long in the Nifty if it sustains above 5,000 for target of 5,048 levels level with a strict stop loss at 4,978.


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Nifty Prediction and Trend
The markets consolidated and remained choppy for whole day and ended flat following Tuesday's rally. The current up move is expected to sustain for some more trading sessions. For tomorrow, Nifty has a strong resistance around 5,000 level, above this level a rally towards 5040 levels could also be seen. On the downside Nifty has support around 4,900 level, below this a rally till 4880 levels could also be seen.

Resistance: 5,000.
Support: 4,900.


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Today, markets lost significantly and Benchmark share indices ended lower for the second session. Banking, Metal and Oil and Natural Gas dragged the indices down. Auto and realty also not traded well. Nifty settled near 4,710, down by 44 points, whereas sensex ended at 15727, down by 146 points.

Nifty Futures can be expected to be bullish in the coming trading session if it manages to trade above the resistance level of 4765 else below the support level of 4685 it would be in a downward trend.
Resistance: 4765 - 4815.
Support: 4685 - 4615.

Bank Nifty Futures can also be expected to be bullish in the coming trading session if it manages to trade above the resistance level of 8255 else below the support level of 8055 it would be in a downward trend.
Resistance: 8255 - 8475.   
Support: 8055 - 7930.

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As per the expectations, the markets traded very well today and gained quite significantly. Both benchmark indices closed with more than 3% gains. All sectorial indices traded in green and closed positive. The Nifty settled around 4690, up by near about 147 points, where as sensex closed around 15680, up by near about 508 points from their prevoius close.

Nifty is expected to be bullish in the coming trading session if it manages to trade above the resistance level of 4725 else below the support level of 4610 it would be in a downward trend.
Resistance: 4725 - 4850.
Support: 4610 - 4530.
       
Bank Nifty is expected to be bullish in the coming trading session if it manages to trade above the resistance level of 8250 else below the support level of 7930 it would be in a downward trend.
Resistance: 8250 - 8690.   
Support: 7930 - 7750.

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On Friday, Nifty Futures settled around 4625 which was down by -131.55 points or -2.77%. In today's trading session it is expected to be bearish if it manages to trade below the support level of 4530 else above the resistance level of 4850 it would be in an upward trend.
Support: 4530 - 4340
Resistance: 4850 - 4920

On Friday, Bank Nifty Futures settled around 8103 which was down by -347.15 points or -4.11 %. In today's trading session it is expected to be bearish if it manages to trade below the support level of 8090 else above the resistance level of 8690 it would be in an upward trend.
Support: 8090 - 7800
Resistance: 8690 - 8970.

 

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Today Nifty is expected to trade in the range of 4,785 & 4,835 in the upper side and in the range of 4,715 & 4,655 in the lower side. Yesterday (Thursday) the markets remained volatile and recovered significantly in the last trading hour to close with only moderate declines. Focus for today will be on the RBI`s mid-quarter monetary policy review. After weak IIP numbers and high inflation data, it is widely expected that RBI could soften its stance and could look forward toward monetary easing now or in the near future.

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Today the Markets closed with a sharp decline. Almost all sectoral indices closed in red. Capital goods, banking, oil & gas and realty were the worst performers and metal, auto and FMCG also traded weak. The Sensex closed at 16,488, down by 389 points from its previous close. The CNX Midcap index closed with 2.1% loss while the BSE Smallcap index was down 1.6% in today`s trading session.

Nifty Futures settled around 4882, down by -74.35 points or -1.50 %. In the coming trading session if Nifty manages to trade below the support level of 4850 else above the resistance level of 4950 it would be in an upward trend.
Resistance: 4950 - 5080, Support: 4850 - 4750.
           
Bank Nifty Futures settled around 8860, down by -69.85 points or -0.78 %. In the coming trading session if it manages to trade below the support level of 8700 else above the resistance level of 8970 it would be in an upward trend.
Resistance: 8970 - 9190, Support: 8700 - 8470.

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Today the support for Nifty will be near 5,000 - 4,935 and resistance will be  seen at 5,110 - 5,178. The markets are technically up and the logical target is still around 5,110 - 5,178. As the market is still up up but profit booking is not ruled out in the upper regions. Yesterday Markets ended marginally higher, paring sharp intra-day gains, after profit booking was seen in late trades because of growth concerns.

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The Markets are extremely volatile, selective buying can be done. In the Next week global markets are expected to be volatile. Autos and IT sectors are expected to be in lime light. The Nifty has strong support at 4,930 levels, if it sustains above this levels will be positive for the markets. The resistance will be seen at 5,170 and 5,400 levels. Below 4,930 levels 4800 and 4,740 levels could also be seen.

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Today the domestic indices opened flat, mirroring overseas markets. For NSE Nifty the critical level for upside movement is seen at 4,943 and if the index is able to sustain above this level for some time, then it can move towards the first resistance at 4,965. Above this level, further upside momentum towards the next level 4,993 could also be seen. After the initial volatility if it fails to trade above 4,943 levels, a sideways movement is expected due to the weekend pressure and the Nifty may try to find a support at 4,903. A break below this level can bring down the benchmark towards the major support around 4,877.

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Today Nifty Futures settled at 4843.25 which is up by 26.50 points or 0.55 %. In the coming trading session if it manages to trade above the resistance level of 4885 it will be in bullish trend and below the support level of 4750 it would be in a downward trend.
Resistance: 4885 - 4930, Support: 4750 - 4630.
Today Bank Nifty Futures settled at 8598 which is down by 29.90 points or -0.35 %. In the coming trading session if it manages to trade above the resistance level of 8720 it will be in bullish trend and below the support level of 8470 it would be in a downward trend.
Resistance: 8720 - 8890, Support: 8470 - 8230.

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Today the Indian markets opened on weaker side mirroring Asian markets, which fell after S&P slashed its credit rating on 15 European and US banks. For today the critical support level for NSE Nifty is expected around 4,760 and if the it trades below this level then the lower support will be around 4,736. Any positive surprise in GDP figures can bring back some optimism and after the consolidation above 4,760, the index can move higher. For today the first resistance is around 4,832 followed by the major resistance at 4,870.


GAIL INDIA
The stock has managed to follow its sideways trend with some consolidation in yesterday’s trading session still facing strong resistance at the levels of 396, increasing the strength of the level. If the stock will manage to trade with the positive biasness in the near term then it may manage to cross the resistance level else it may bounce back.
Resistance: 397.12 - 391.63, Support: 382.83 - 379.52


SUN PHARMACEUTICALS
The stock consolidates with negative biasness in yesterday’s trading session. The overall trend of the stock is sideways so one should wait for consolidation of either side before taking any position in the stock. It now has support level at 506 and resistance level at 518. In near future the stock may recover after crossing the resistance while below support level bearish trend can be expected in the stock.
Resistance: 521.9 - 515.2, Support: 504 - 499.5


RELIANCE INFRASTRUCTURE
The stock remained range bound during the trading hours and ended up on a positive note. The stock is now facing a resistance at 417 and has support at 400. As mentioned previously it has taken support at lower levels and bounced back. The stock is looking bearish on the charts and is consolidating with negative biasness. Breaching of support levels may take stock take stock further downwards.
Resistance: 420.07 - 415.23, Support: 405.28 - 400.17


HINDUSTAN UNILEVER
Yesterday the stock had shown positive biasness managing to trade near its resistance level of 392. It is still trading with the major sideways trend having support at the level of 371. In today's session it is expected to remain positive and consolidate more near its resistance level or may even cross it confirming the bullish trend.
Resistance: 394.57 - 391.28 , Support: 383.38 - 378.77

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Today selling pressure in Nifty is witnessed from resistance near 4,870 level. Selling pressure could be seen below 4785 levels and on the other hand it may face resistance near 4,900 levels. If Nifty manages to trade above 4,800 levels, then rally to 4,860/4,900 could be seen. If Nifty fails to manage to trade 4,800 levels then selling pressure till 4,750/4,700 Could also also be seen.

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Yesterday Nifty Futures settled around 4710 which was down by -70.65 points or -1.48 %. In the coming trading session Nifty Futures is looking bearish if it would be able to manage to trade below the support level of 4630 or if remains above the resistance level of 4780 then it would be in an upward trend.
Resistance: 4780 - 4880, Support: 4630 - 4530.

Yesterday Bank Nifty Futures settled near 4710 which was up by -70.65 points or -1.48 %. In the coming trading session Bank Nifty is looking bearish if it would be able to manage to trade below the support level of 8350 or if remains above the resistance level of 8550 it would be in an upward trend.
Resistance: 8550 - 8720, Support: 8350 - 8230.

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Today Nifty Futures settled around 4757 which is up by 53 points or 1.13 %. In the coming trading session Nifty Futures is looking bearish if it would be able to manage to trade below the support level of 4630 or if remains above the resistance level of 4780 then it would be in an upward trend.
Resistance: 4780 - 4880, Support: 4630 - 4530.
         
Today Bank Nifty Futures settled near 8472 which is up by 74.80 points or 0.89%. In the coming trading session Bank Nifty is looking bearish if it would be able to manage to trade below the support level of 8230 or if remains above the resistance level of 8550 it would be in an upward trend.
Resistance: 8550 - 8720, Support: 8230 - 8140.