Showing posts with label Nifty Intraday Tips. Show all posts
Showing posts with label Nifty Intraday Tips. Show all posts
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Nifty Trend
Yesterday, The US markets traded with mixed trend and on mixed quarterly earnings. Today the monthly report on unemployment rate and non-farm data is to be released. Technically the Nifty has formed DOJI an uncertain candlestick pattern on daily chart. Nifty has support at 5,251 - 5,203 levels and resistance at 5,282 - 5,318 levels.





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NSE Index Nifty closed below 5000 mark and hit a day low of 4932.32 during last leg of the trading session and closed near the same at 4944.15 down by 112.45 points.
Nifty futures lost 136.65 points and settled at 4931.10 which was 2.68% below its previous close. 

RESISTANCE: It has first resistance close to the level of 4980 & above this level the next resistance is seen near the 5050 mark.
SUPPORT: It has first support close to the level of 4890 & below this level the next support is seen near 4820 mark

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Nifty Future for Wednesday:- For intraday trading on Wednesday, Nifty Futures may face immediate resistance at 5530 and a break out will take Nifty Futures to next resistance levels of 5557-5585-5615, where as 5500 will act as immediate support and a breach will lead Nifty Futures to further down side support levels of 5473-5435-5405. So traders can take long or short positions as per the above levels for the day and Investors should wait for some more time till Nifty spot trade and close above 5550 or till Nifty Spot comes down to 5100-5000 levels to slowly re-enter into markets and should avoid scam related stocks in the near term.

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It was a double whammy for the markets today as Infosys fourth quarter results were below analysts' estimates and inflation for the month of March surpassed the Reserve Bank of India target of 8% raising expectations of further rate hikes. The S&P CNX Nifty closed at 5824.55, down by 86.95 or 1.47 %.  The Nifty futures closed and settled finally at 5825, down by 113.10 points or 1.90 %. It looking bearish in the coming trading session if it manages to trade below the support level of 5750 else above resistance level of 5925 it would be in an upward trend.
It has resistance close to the level of 5925 & above this level the next resistance near the 6000 mark. It has support close to the level of 5750 & below this level the next support near 5695 mark.

 

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Smart gains from the previous trading session were disrupted today, as the markets witnessed profit-booking after the near 3-month high levels scaled by the bourses yesterday. The markets ended flat today, the S&P CNX Nifty ended at 5910.05 up 1.60 points or +0.03 %.
The Nifty futures closed and settled finally at 5926, up by 17 points or 0.29 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 6000 else below 5870 it would be in a downward trend.
It has resistance close to the level of 6000 & above this level the next resistance near the 6072 mark. It has support close to the level of 5870 & below this level the next support near 5770 mark.



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 The markets traded firmly throughout the day and ended in green on account of huge buying seen in the heavy weight stocks like Tatamotors, Reliance industries, SBIN. All the major sectoral indices ended in green, Reality and Metal counters being the highest gainers. The Nifty closed at 5,526 up 95 points after making an intra-day low of 5,378 and the Sensex was at 18,449 up 358 points after making an intra-day low of 18,064 The Mid cap and Small cap indices both were up by 1.08% and 1.26% respectively. The breadth of the market was positive and the total turnover recorded at Rs 1,20,771Cr. Nifty Feb fut ended with 11 points premium.