Showing posts with label Nifty Outlook Next Week. Show all posts
Showing posts with label Nifty Outlook Next Week. Show all posts
Stock Intraday Tips for Tomorrow- Monday 11th July
[7:54 PM | 0 comments ]
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Share Market Review:-
Today Indian markets ended the week quietly and markets closed with significant loss. Metals were the worst performers of today's trade, Realty closed positive in today's session. Both the benchmark indices closed below their levels of 19,000 and 5,700. Stock prices of metal and mining companies remained under pressure. The sensex settled and closed at 18858 which was down by 220 points. The CNX Midcap index was down by 0.7% as BSE Smallcap index also lost 0.9% in today's session. The European markets traded flat the FTSE and CAC traded flat as DAX index was up by 18 points. Todays Top Gainers were Siemens, Ranbaxy, ONGC, Cairn etc. Top losers were Sesa Goa, SAIL, Grasim, Hindalco etc.

Nifty Futures:-
Today S&P CNX Nifty opened at 5735. The S&P CNX Nifty closed at 5660.65 which was down by -68.30 points or 1.19 %. The market breadth was negative.
The Nifty futures finally shut stop at 5664 which was down by -80.60 points or -1.40 %. It is looking bullish in the coming trading session if it would be able to manage to trade above the resistance level of 5790 or below the support level of 5600 it would be in a downward trend.
Technical Resistance and Support Levels for monday:-
It has resistance close to the level of 5790 & above this level the next resistance is near the 5870 mark. It has support close to the level of 5600 & below this level the next support is near the 5490 mark.

Bank Nifty Futures:-
Today some pressure on banking sector is seen but soon it recovered as a result of which CNX Bank Index rallied 143.05 points or 1.27 %. Amongst the banking index stocks IDBI Bank, Axis Bank and State Bank of India were the leaders of the row.
Bank Nifty Futures finally shut stop at 11459 and was up by 141.20 or 1.25 %. It is looking bullish in the coming trading session if it would be able to manage to trade above the resistance level of 11500 or below the support level of 11270 it would be in a downward trend.
Technical Resistance and Support Levels for Monday:-
It has resistance close to the level of 11500 above this level the next resistance is near to the level of 11780. It has support close to the level of 11270 & below this level the next support is near 11090 marks.




Intraday Tips for Tomorrow- Nifty Bank Nifty Trend Next Week Monday 27th June 2011
[7:46 PM | 0 comments ]
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Today markets made drastic move, after being range bound over the week, It was a dramatic day for the markets which rallied with strong volumes today and  both benchmark indices gained more than 2.5%. All sectors made handsome gains today on the last trading day of this week and closed in green. Sectors like banking, auto, capital goods, IT, metal and realty gained above 3%, All sectors closed positive except Reliance industires which could not participate the rally and closed in red. Today Sensex gained 2% and closed at 18241 which was up by 513 points from its previous close, CNX Midcap index gained 2%, BSE IT was also up by 2.7%. Today's top gainers were Sesa Goa, SBI, Hero Honda Motor, HCL Technologies, Jaiprakash Associates etc. Reliance Infrastructure was top looser. 
On the other hand, Nifty also made a gap up opening with strong volumes and moved to higher levels, the index touched the day high of 5,477. The Nifty futures finally closed and settled at 5484 which was up by 167.80 points or 3.16 %. It now seems bullish in the coming trading session if it would be able to manage to trade above the resistance level of 5505 or below the support level of 5335 then it would be in a downward trend.
Resistance & Support Levels for Monday:-
It has resistance close to the level of 5505 & above this level the next resistance5625 mark. It has support close to the level of 5335 & below this level the next support is near 5250 mark.

Bank Nifty Futures:-
Today Bank nifty made spectacular rally, which booms the banking sector as a result of it CNX Bank Index gained 325.05 points or 3.12 %. Amongst all the banking stocks State Bank of Mysore, State Bank of India and UCO Bank were the leaders.
Bank Nifty Futures finally settled and shut stop at 10880.82 which was up by 339.70 points or 3.22 % after making a drastic move in today's trading session. It now seems to be bullish in the coming trading session if it would be able to manage to trade above the resistance level of 10990 or below the  support level of 10610 then it would be in a downward trend.
Resistance & Support Levels for Monday:-
It has resistance close to the level of 10990 above this level the next resistance is near to the level of 11085. It has support close to the level of 10610 & below this level the next support is near 10440 marks.


 




Nifty Outlook for Next Week (Intraday Calls Monday, 11 April 2011)
[2:19 PM | 0 comments ]
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Nifty has made a trend channel since October 2009. After falling back into the channel, Nifty reached its lower support level of 5,200. Nifty received support at the lower channel line and has bounced back on anticipated lines. It is now facing resistance at the top of this channel. The Medium term oscillator (Stochastics) has started moving up after it hit oversold levels. This supports the trend of the index which is already looking strong at current levels. In line with our positive bias, the index has advanced to 5,950. This level coincides with the trend line resistance. This is a zone from where a period of consolidation is likely. Retain our bullish view on the Nifty in the medium term. However, due to the resistance at the trend channel line, the index up move can halt here for a while.