Showing posts with label Market Trend. Show all posts
Showing posts with label Market Trend. Show all posts
Nifty Prediction for Tomorrow: Intraday Tips
[5:37 PM | 0 comments ]
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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.


Nifty Intraday Tips for Today: Market Outlook & Trend (Thursday 8th Dec.)
[11:45 AM | 0 comments ]
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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.

Nifty Intraday Tips for Today: Market Outlook & Trend (Friday 2nd Dec.)
[10:16 AM | 0 comments ]
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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.

Nifty Intraday Tips for Today: Market Outlook (Wednesday 30th Nov.)
[10:11 AM | 0 comments ]
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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

Nifty Intraday Tips for Tomorrow: Trend & Outlook (Tuesday 30th Nov.)
[6:25 PM | 0 comments ]
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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.

Nifty Intraday Tips for Today: Prediction & Outlook (Tuesday 29th Nov.)
[10:39 AM | 0 comments ]
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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

Intraday Tips for Tomorrow- Nifty and Bank Nifty Trend Wednesday 29th June
[6:51 PM | 0 comments ]
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Market Review:-
Today Markets remained rangebound and closed with moderate gains for a fourth consecutive trading session, some pressure on Oil, Gas and FMCG stocks seen today in initial session which laid the index down 61.95 from the high to an intra-day low of 5496.35, but Metals and Capital goods helped market to recover soon, markets continued to move sideways after recovering from the lows of the initail session. All major sectors closed in the green, consumer durables, FMCG and capital goods were the best performers of today's trading session. Sensex finally closed at 18484 which was up by 72 points. The S&P CNX Nifty settled and closed at 5545.30 which was up by 18.70 points or 0.34 % while BSE Smallcap index gained 0.6%. Today's top gainers were Hindalco Industries with +3.85%, Bajaj Auto Ltd with +2.66%, Dr. Reddy's Labs with +2.55%, HDFC with +2.25%, Bharat Heavy Ele with +1.83%. Top loosers were GAIL (India) Ltd. with -2.42%, DLF Ltd. with -2.01%, ACC Ltd. with -1.98%, Bharat Petroleum with -1.84%, Jaiprakash Associates with -1.56%

Nifty Futures:-
On the other hand, The S&P CNX Nifty opened at 5549 and made intraday day high of 5558 some profit booking was seen in market which pulled Nifty to the level of 5496, finally market managed to recover and Nifty futures settled and closed at 5546 which was up by 11.80 points or 0.21 %. Again it is looking bullish in the coming trading session if it would be able to manage to trade above the resistance level of 5560 or below support level of 5490 then it would be in a downward trend.
Resistance & Support Levels for Wednesday:-
It has resistance close to the level of 5560 & above this level the next resistance is near the 5625 mark. It has support close to the level of 5490 & below this level the next support is near 5335 mark.

Bank Nifty Futures:-
Bank Nifty continued it's upward trend and CNX Bank Index gained 21.55 points or 0.20 %. Amongst all the banking stocks Kotak Mahindra Bank, South Indian Bank and State Bank of Bikaner and Jaipur were the leaders of today's rally.
Today Bank Nifty Futures settled and closed at 11059.75 with some moderate gain of  0.20%. It is again expected to trade uptrend if it manages trade above the level of 11135 or below the support level of 10990 then it would be in a downward trend.
Resistance & Support Levels for wednesday:-
It has resistance close to the level of 11135 above this level the next resistance is near to the level of 11240. It has support close to the level of 10990 & below this level the next support is near the 10810 marks.

Intraday Tips for Tomorrow- Nifty Trend for Wednesday 22nd June 2011
[7:07 PM | 0 comments ]
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Today Indian stock market was too much volatile, as European markets traded strong. As a result of this markets are still bearish and was down below 5250 which can make nifty touching its support to 4850. The S&P CNX Nifty was finally settled at 5275.85, which was up by 17.95 points or 0.34 %. The FTSE index was up by 33 points, CAC index by 34 points and DAX index by 38 points. Today's top gainers were Tata Consultancy, Ambuja Cements, IDFC, Sun Pharma, HDFC etc. and top loosers were Jaiprakash Associates, DLF, Reliance Infrastructure, Steel Authority, Bharat Petroleum etc.
The Sensex closed at 17560, which was up by 54 points as compared to its previous session's close.
On the other hand, Nifty Futures finally manages to settle and close at 5276, which was up by near about 17% or 0.31%. Nifty is still looking bearish in next trading session if it manages to trade below the support level of 5170 or above the resistance level of 5375 it would be in upward trend.
Support & Resistance Level for Wednesday:-
It has resistance close to the level of 5375 & above this level the next resistance is near the 5420 mark. It has support close to the level of 5170 & below this level the next support is near 5085 mark.

Intraday Tips for Tomorrow- Nifty Levels for Friday 10 June
[6:13 PM | 0 comments ]
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Benchmarks Indices ended on a flat note. Auto, Pharma and Technology stocks ended in the red while capital goods and power space led the gainers. The 50-share NSE Nifty down by -5.80 points or -0.10% to end at 5521.05.

The Nifty futures closed and settled finally at 5522 and down by -7.85 points or -0.14 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5580 else below support level of 5475 it would be in a downward trend.
It has resistance close to the level of 5580 & above this level the next resistance near the 5630 mark. It has support close to the level of 5475 & below this level the next support near 5415 mark.

Intraday Tips for Tomorrow- Nifty Prediction for Thursday 9 June
[6:37 PM | 0 comments ]
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Today markets opened lower. The 50-share NSE Nifty down by -29.30 points or -0.53 %, to end at 5526.85.
Nifty futures closed and settled finally at 5547.50 down by -29.70 points or -0.53 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5580 else below support level of 5508 it would be in a downward trend.
It has resistance close to the level of 5580 & above this level the next resistance near the 5630 mark. It has support close to the level of 5508 & below this level the next support near 5415 mark.

Intraday Tips for Tomorrow- Nifty Prediction for Wednesday 8 June
[6:36 PM | 0 comments ]
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After making so many reds and Green finally the market closed in positive region making a mild gain for the day. The 50-share NSE Nifty Index  rose just 24.10 points or 0.44 %,  to end at 5,556.15 today.
The Nifty futures closed and settled finally at 5563 up by 28.80 points or 0.52 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5580 else below support level of 5508 it would be in a downward trend.
It has resistance close to the level of 5580 & above this level the next resistance near the 5630 mark. It has support close to the level of 5508 & below this level the next support near 5415 mark.

Intraday Tips for Tomorrow- Nifty Prediction for Tuesday 7 June
[6:35 PM | 0 comments ]
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Today the Indian Equity index closed with moderate gains amid volatility.
Weak global cues and disappointing US employment data caused market to trade with negative bias. But the market managed to bounce back in the last one hour of the session following recovery in European markets as it seemed that market factored in negatives. The 50-share NSE Nifty rose just 15.30 points, to end at 5,532.05.  
The Nifty futures closed and settled finally at 5534.20 up by 10.70 points or 0.19 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5550 else below support level of 5475 it would be in a downward trend.
It has resistance close to the level of 5550 & above this level the next resistance near the 5630 mark. It has support close to the level of 5475 & below this level the next support near 5410 mark.

Intraday Tips for Tomorrow- Market Prediction Wednesday, 18 May 2011
[6:53 PM | 0 comments ]
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Nifty extended losses to more than 1 % on Tuesday afternoon after the country's top lender, State Bank of India, reported an unexpected sharp plunge in quarterly net profit. The markets continue to trade in the negative with S&P CNX Nifty down -60.05 points or -1.09 % at 5438.95.
The Nifty futures closed and settled finally at 5447.40, down by -41.30 or -0.75 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5410 else above resistance level of 5540 it would be in an upward trend.
It has resistance close to the level of 5540 & above this level the next resistance near the 5625 mark. It has support close to the level of 5410 & below this level the next support near 5310 mark.

Nifty For Tomorrow (Intraday Calls Wednesday, 13 April 2011)
[7:25 PM | 0 comments ]
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Today Market opened lower and traded with negative bias throughout the day to close in red. On the daily chart, it is being observed that prices are moving closer to the 200-day SMA (19,048 / 5,700 levels) which is the immediate support for the indices. In coming trading session if indices trade below 19,245 / 5,777 levels then they are likely to test 19,150 - 19,050 / 5,750 - 5,700 levels. On the upside, 19,426 - 19,540 / 5,830 - 5,875 levels may act as resistance for the day.


 

Nifty For Tomorrow (Friday,8 April 2011)
[6:47 PM | 0 comments ]
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The S&P CNX Nifty ended at 5885.70, down by -6.05 points or - 0.10 %.
The Nifty futures closed and settled finally at 5902.10, down by -8.85 points or -0.15 %. It looking bullish in the coming trading session if it manages to trade above the resistance level of 5975 else below 5870 it would be in a downward trend.
It has resistance close to the level of 5935 & above this level the next resistance near the 6000 mark. It has support close to the level of 5870 & below this level the next support near 5770 mark.