Showing posts with label Free Intraday Tips for Tomorrow. Show all posts
Showing posts with label Free Intraday Tips for Tomorrow. Show all posts
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Today the markets remain volatile and both benchmark indices closed with significant losses for the fifth straight day. The Nifty settled at 4566, down by 69 points whereas Sensex closed around 15175, down by 201 points. Only FMCG was the sector to close in positive and Metals and Capital goods were the worst performers of today's trading session.

Nifty Futures settled at 4566, down by -69.35 points or -1.50 %. In the coming trading session Nifty is expected to be bearish if it manages to trade below the support level of 4530 else above the resistance level of 4640 it would be in an upward trend.
Resistance: 4640 - 4850.
Support: 4530 - 4340.


Bank Nifty Futures settled at 7797, down by -126.70 points or -1.60 %. In the coming trading session Bank Nifty is expected to be bearish if it manages to trade below the support level of 7750 else above the resistance level of 7980 it would be in an upward trend.
Resistance: 7980 - 8080.   
Support: 7750 - 7650.



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The market is expected to trade in a narrow positive range. The critical support for Nifty is around 4,820, and above this level the sentiments are expected to remain strong.  
The first resistance for today's session is near 4,860 and the major resistance is around 4,900 levels. In the down side, Nifty may take support at 4,793.

RANBAXY
Ranbaxy had a volatile trading session today and closes with moderate gain. Now it is facing resistance at level of 453 and support at 442. One may go for long position after crossing of resistance.
Resistance: 460.53 - 455.07, Support: 443.07 - 436.53

TATA STEEL
The stock is moving with the downward trend, where in yesterday’s trading session it sustained at the support level of 367. Currently it is facing resistance at 389, above which it may show an upside move. It is expected to trade with the positive biasness in the upcoming sessions.
Resistance: 396.3 - 392.4, Support: 381.3 - 374.1

CIPLA
The stock continued its upward movement in yesterday’s trading session. It is now facing a resistance at 330 and support at 318. If it manages to sustain at current level then it is expected to show further upward movement. One should wait for crossing of the levels before taking any position in the stock, as the stock may try to reverse back after continuous up rally.
Resistance: 330.27 - 327.63, Support: 319.73 - 314.47

HINDUSTAN UNILEVER
The stock has continued to trade range bound in Yesterday’s session as well, consolidating between the support level of 371 and resistance level of 392. One can wait in the stock until it breaches either of the levels as it can give an either of the movement.
Resistance: 387.8 - 384.65, Support: 377.55 - 373.6

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Nifty Futures:-
S&P CNX Nifty opened at 5642 near today’s high and traded weak for the whole day. NIFTY extended losses in late noon trades and touched a low of 5555.10 down 92.25 from the day's high. Nifty ended at 5,567.05 - down 46.50 points.
Nifty Futures finally settled and closed at 5565.90 down by 58.40 or -1.04 %. It is looking bearish in the coming trading session if it would be able to manage to trade below the support level of 5545 or above resistance level of 5670 it would be in an upward trend.
Support and Resistance Levels for Thursday:-
It has resistance close to the level of 5670 & above this level the next resistance is near the 5760 mark. It has support close to the level of 5545 & below this level the next support is near 5440 mark.

Bank Nifty Tomorrow:-
Today banking sectors not performed well and CNX Bank Index lost -173.50 points or -1.53 %. Amongst the banking stocks Indian Overseas Bank, ING Vysya Bank and State bank of Bikaner & Jaipur were the leaders of the row.   
Bank Nifty Futures finally closed and settled at 11171 which was down by -173.50 or -1.53 %. It is looking bearish in the coming trading session if it would be able to manage to trade below the support level of 5545 or above the resistance level of 5670 it would be in an upward trend.
Support and Resistance Levels for Wednesday:-
It has resistance close to the level of 11405 above this level the next resistance is near to the level of 11500. It has support close to the level of 11080 & below this level the next support is near 10975 marks.



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Nifty Futures:-
S&P CNX Nifty opened flat and traded choppy in initial session, and made high of 5627. After a range bound movement of nearly 3 - 4 trading sessions, Nifty managed to give a close marginally above its psychological level of 5,600. Nifty Futures finally settled and closed above the 5,600 mark and is showing a short term pull back.
If it would be able to trade above 5,650 levels, then rally to 5,700/5,750 levels may be seen. If it does not show strength above 5,650 levels then some selling pressure till 5,550/5,500/5,450 may also be see.
Support and Resistance Levels for Wednesday:-
It has resistance at 5,680-5,750 and supports at 5,550-5,460.
     
Bank Nifty Tomorrow:-
Today CNX Bank Index made a drastic movement and gained about 85 points or 0.76 %. ING Vysya Bank, State Bank of Bikaner & Jaipur and Vijaya Bank leads the row.
Today Bank Nifty Futures rallied 97.60  and shut stop at 11347 which was up by 0.87 %. Now If it would be able to trade above the resistance level of 11405, it could see some more upside levels or below support level of 11085 it would be in a downward trend.
Support and Resistance Levels for Wednesday:-
It has resistance close to the level of 11405 above this level the next resistance is near to the level of 11500. It has support close to the level of 11200 & below this level the next support is near 11080 marks.






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Nifty Futures:-
S&P CNX Nifty opened at 5582 and traded in narrow range made high of 5597 and low of 5551. On the domestic front, the market is likely to take cues from quarterly earnings and policy reforms. Nifty Finally settled and closed at 5567 down by 14 points or -0.25 %. Gains in realty, metals and power stocks were offset by losses in auto, technology and healthcare space.
Support and Resistance Levels for Tuesday:-
It has resistance close to the level of 5610 & above this level the next resistance is near the 5670 mark. It has support close to the level of 5545 & below this level the next support is near 5440 mark.
      
Bank Nifty Tomorrow:-
Today Bank Nifty also not performed well and CNX Bank Index lost -5.70 points or -0.05 %. Amongst the banking index stocks Dhanlaxmi Bank, ICICI Bank and State Bank of Travancore were the leaders of the row.
Bank Nifty Futures finally settled and closed at 11249.40 up by 3.25 or 0.03 %. It is looking bullish in the coming trading session if it would be able to manage to trade above the resistance level of 11405 or below the support level of 11085 it would be in a downward trend.
Support and Resistance Levels for Tuesday:-
It has resistance close to the level of 11405 above this level the next resistance is near to the level of 11500. It has support close to the level of 11200 & below this level the next support is near 10975 marks.



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Bhushan Steel Ltd.
Buy Bhushan Steels Above 520.90
Target- 525.60-530
Stop Loss-513.20
Below 517.85 go for sell
Target- 512-508

Hindalco Industries Ltd.
Buy Hindalco around 212.50 -215
Target- 218-220
Stop Loss- 207.85
Below 212 Go for sell
Target- 209-207
Stop Loss-218

Unitech
Sell Unitech below 40.15
Target- 39.55-39.15-38.75
Stop Loss- 41.20
Around 41.30 Go for Buy
Target- 42-42.50