Showing posts with label Nifty Trend Today Tomorrow. Show all posts
Showing posts with label Nifty Trend Today Tomorrow. Show all posts
Nifty for Thursday 16th June 2011
[10:46 PM | 0 comments ]
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For Intraday Trading on Thursday:- Yesterday Nifty showed selling pressure from resistance near 5,500 levels and closed in red. RBI monetary policy on Thursday play role sentiment preparation. Sentiments may remain weak below 5,500 and some selling pressure can be seen. If Nifty shows strength above 5450 levels, then rally to 5,500/5,540/5,570 levels may be seen. If Nifty does not show strength above 5,450 levels then selling pressure till 5,400/5,350/5,300 may also be seen.

Nifty for Wednesday 8 June 2011
[11:33 PM | 0 comments ]
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Yesterday, Nifty showed good strength and closed in green. Nifty is likely to open on a flat note. Nifty is trading in 5,380-5,615 zone, until Nifty manages to show strength above 5,615 or below 5,380 levels, volatility and range bound scenario may be continuing. Traders should be cautious within this range. For daily purpose, deciding trend level is 5,550. If Nifty shows strength above 5,550 levels, then rally to 5,615/5,650/5,690 levels may be seen. If Nifty does not show strength above 5,550 levels then selling pressure till 5,520/5,480-5,450 may also be seen.

Nifty for Today Tuesday 7 June 2011
[11:58 PM | 0 comments ]
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For intraday trading on Tuesday, Nifty Futures may face immediate resistance at 5550 and a break out will take Nifty Futures to 5580-5615-5650 levels, where as 5520 will act as immediate support and a breach will lead Nifty Futures further down side to 5490-5455-5420 levels. So traders can take long or short positions as per the above levels for the day and Investors should take long positions if Nifty spot trades above 5550 and closing above 5550 or should wait till Nifty Spot comes to 5100-5000 levels to slowly re-enter into markets and should avoid scam related stocks in the near term.

Nifty for Thursday 2 June 2011
[11:03 PM | 0 comments ]
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A continuation of upside momentum in coming trading session will be seen. On the upside if indices trade above 18,636/5,600 then indices are likely to test 18,786-18,936/5,650 - 5,700 levels. On the downside, 18,513 - 18,330/5,560 - 5,500 may act as support for the day.

Nifty for Today- Wednesday 1 June 2011
[12:11 AM | 0 comments ]
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Today markets opened on a positive note tracking gains in the asian space, moved up slowing giving time for all to take positions and from there went up towards the highest point of the day. Nifty breached above the key resistance of 5,524 and moved towards 5571 and closed at 5,560.15. On its journey towards north, it will face resistance at 5,591 and 5,605. Major Support for nifty is at 5,506 and 5,478 levels.

Nifty for Today- Tuesday 31 May 2011
[12:59 AM | 0 comments ]
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For coming trading  session it is observed that if indices trade above 18,440 / 5,520 levels, then there is high probability that indices may test 18,560  - 18,798  / 5,563  - 5,636 levels. On the downside, 18,151  -  18,012 / 5,440  - 5,400 levels may act as support for the day.
For intraday trading on Tuesday, Nifty Futures may once again face immediate resistance at 5480 and a break out will take Nifty Futures to 5500-5530-5565 levels, where as 5455 will act as immediate support and a breach will lead Nifty Futures further down side to 5435-5405-5370 levels. So traders can take long or short positions as per the above levels for the day and Investors should stay away from markets till Nifty comes down to 5100-5000 levels or stays above 5550 levels, to enter in to the markets.

Nifty for Friday 27 May 2011
[10:03 PM | 0 comments ]
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The market is expected to open on a  flat  to positive note  friday. Trade long  in Nifty  if it holds above 5,400 levels or else from 5,380 levels targeting 5,450-5,500 levels, with stop loss placed at 5,500. 

Nifty for Thursday 26 May 2011
[10:51 PM | 0 comments ]
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It is observed that Indices have tested the important support levels of 5448 and have closed marginally above it. A bounce up to 17,990 - 18,110 / 5,380  - 5,420 levels in coming trading session cannot be ruled out as the hourly are in an oversold zone.  However, any breach of the above support level would lead Indices to test 17,750 / 5,300 levels.

Nifty for Wednesday 25 May 2011
[10:21 PM | 0 comments ]
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Nifty traded in the range of 5,367-5,422 and closed at 5395. The trend of the market is still down. Next session's range of the Nifty may be at 5,373-5,428 with the resistance of 5,444/5,452 and the strong resistance will be 5485 and support may be at 5365/5348 and the strong support will be at 5,267 for the day.

Nifty for Tuesday 24 May 2011
[11:49 PM | 0 comments ]
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The market will take cues from the global markets and is expected to open on a flat to positive note today (May 24). Trade short in Nifty below 5,380 levels else around 5,400 levels, with strict stop loss placed at 5,420; targeting 5,350 levels.

Nifty for Today- Friday 20 May 2011
[12:46 AM | 0 comments ]
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Traders are advised to avoid long positions. On the downside, 17,878- 17,792 / 5,376 - 5,348 levels may act as support for the day. (Sensex, Nifty Spot levels mentioned). In case of the Bank Nifty Futures, it is observed that the counter has a support at the levels of 10,500. A temporary bounce up to 10,780 or 10,865 may be witnessed. It is expected that selling pressure to emerge at these levels as the daily trend continues to be downward. A close below 10,500, may lead to a further fall up to 10,263 / 10,170 levels.

Nifty for Today- Wednesday 18 May 2011
[12:22 AM | 0 comments ]
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Yesterday nifty showed selling pressure and broke the support at 5,475. It has just managed to close at next support level of 5,440. If Nifty holds the immediate support of 5,475-5,440, some recovery may be seen above 5,500-5,530 levels. For daily purpose, the trend deciding level is at 5,475. If Nifty shows strength above 5,475 levels, then rally to 5,530/5,565/5,605 levels may be seen. If Nifty does not show strength above 5,475 levels then selling pressure till 5,420/5,400/5,350 may also be seen.


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Nifty for Today- Tuesday 10 May 2011
[12:05 AM | 0 comments ]
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Yesterday market opened higher, traded with choppiness throughout the day to finally close on a flat note. On the daily chart, it is observed that prices have closed below the short term 5-day EMA which reflects negative sentiments in the market. In coming trading session upside momentum would resume only if indices trade above 18,645 / 5,587 levels. Then Indices may test 18,758 - 18,810 / 5,625 - 5,650 levels. On the downside 18,367 - 18,271 / 5,500 - 5,470 is a support zone in the short term.