Showing posts with label Nifty Tips for Today. Show all posts
Showing posts with label Nifty Tips for Today. Show all posts
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Nifty Prediction
The markets made moderate gains on Friday and Nifty closed at almost highest point of the week. For Today, Nifty is expected to trade in the range between 5,068 & 5,108 in the upper side and 5,022 & 4,972 in the lower side. Traders are advised to trade long in Nifty from 5,052 levels or from 5,032 levels for targets of 5,082 and 5,100 levels with a strict stop loss placed at 5,000 levels. If Nifty slips below 5,000 levels short Nifty targeting lower supports.



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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.

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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.

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Nifty Future levels for Wednesday:- For intraday trading on Wednesday, Nifty Futures may face immediate resistance at 5575 and a sustained cross over will take Nifty Futures to next resistance levels of 5605-5635-5670, where as 5550 will act as immediate support and a breach will lead Nifty Futures to further down side support levels of 5520-5490-5455. So traders can take long or short positions as per the above levels for the day and Investors should wait for Nifty spot to trade and close above 5550 or should wait 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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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.