Wednesday, June 30, 2010

Free Nifty Recommendations For 1/07/2010

Nifty Tomorrow Trend

Nifty still holding the broad trading range of 5200 to 5350 from few trading sessions. In the upside still 5400 of the major resistance. Closing above this may take up nifty future till the higher level of 5500 in near run. In the downside closing below 5200 may drag it till the lower levels of 5080 to 5100 in near run. For intraday trading we recommend short in Nifty future with the stop loss of 5400 for the targets of 5200, 5150.

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Tuesday, June 29, 2010

Nifty Levels

Trend For Tomorrow 

 Nifty as expected touched the low of 5236.05 below 5280 levels and now next support seen at 5200 level. All major technical indicators are giving weak signals so we might see 5200 levels in short term, and on the upside immediate resistance is at 5300 and 5350 levels, there is higher probability of selling on higher levels in next few trading sessions.

Monday, June 28, 2010

NSE- Market Outlook for 29th June 2010

It was a news-driven market today and  Nifty Today closed above the immediate resistance at 5328 levels and next hurdle could be 5355 levels any sustained move above 5355 can take nifty towards 5380-5400 levels and closing below 5280 may take it down to 5240 levels in near future. We expect nifty to trade in a range of 5260-5380 in near future.

Friday, June 25, 2010

Bank Nifty Tips- IDBI And Axis Bank Technical View

After making low of 105.80 IDBI Bank is continuously in an uptrend now it is moving sideways from last few trading session it has resistance at 120 and support at 116.Once it manage to cross the level of 120 it would in a bullish trend below 116 it would might face selling pressure which make it in a bearish trend.


After making low of 662.15 which is 52 week low Axis Bank is continuously moving in an upward trend and now it is in a consolidation phase. Once it manage to cross level of 1277.10 it would in a upward trend below 1225 it would might face selling pressure and we can see it in a downward trend.

Nifty Position for Monday 28th June

 Nifty witnessed the yet another correction from the higher levels, as we keep mentioning in our previous reports that one could go for sell on rise until it close above 5400 for the targets of 5250 & 5200. Now in the next week we could expect some more correction in it. In the downside the 5200 would be key support. Closing below this support could slip it till the lower levels of 5115 to 5120 in short term. The short term resistance zone now we could see close to the levels of 5345 to 5350.

Thursday, June 24, 2010

Nifty Trend For Tomorrow

Nifty witnessed the volatile sessions back By the f&o expiry. Today the overall it was the consolidation close to the level of 5300. Still it is holding the support levels of 5290 to 5300. Closing below this support could drag it till the lower levels of 5200 to 5210 in near term.in the upside the key resistance seems to be around the levels of 5400. I recommend that traders could go for long in nifty future with the intra day sl around 5290 for the targets of 5375 to 5380.


Wednesday, June 23, 2010

NIfty Tips- Support , Resitance and Trading recommendations for 24th June

 Nifty witnessed the slight correction today & in the end manged to close above 5300 level. Today one thing was very vital that is the recovery from the support level of 5300 which means that market still holding the up trend & could continue the same trend for while. One should focus on long side in Nifty future above 5400 for the targets of 5500 & 5550.In the intra day trading we might expect the lower levels of 5250 to 5260 if it break again 5300 to 5295.

Tuesday, June 22, 2010

How To trade On Nifty for 23 June - NSE Market View for Wednesday

  Nifty today trade with the negative biasness for the whole day and in the end closed with the modest loss. In the upside the key resistance point for it is 5400. Closing above may rise up till the higher level of 5500 in short term. As now in short term we might expect some range bound movement in market and could correct from the higher levels. So it is recommended that if it does not break 5400 then traders could go for sell on rise in it for the tg of 5250 to 5260 in intra day.

Monday, June 21, 2010

Nifty Future Tips- Market Trend for 22nd June

Nifty future today continued the upward rally and made the short term resistance breakout in charts. In the end it made the strong closing above the breakouts. Now in Nifty future we might expect the strong upside rally from here. The next key hurdle for the market is seems to be around 5400 level. Closing above this hurdle could take up the Nifty future till the higher level of 5550 in near term. As we had already recommended in our previous post that one should initiate the longs in nifty future above 5250. Now the traders could book some profit here because market may face some resistance close to 5400 level. Those who like to initiate the new longs in Nifty could do above the resistance of 5400.

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Friday, June 18, 2010

NIFTY FUTURE FOR MONDAY (21 June)

 Nifty faced the resistance close to the higher level of 5300 today. It was overall the range bound movement with negative bias. Now technically still we are expecting that Nifty future is looking strong due to overall holdings of the support levels. One could expect some more upside close to the levels of 5335 to 5350 in near term. In the downside the intraday support seems to be around the levels of 5200 to 5205.  Nifty Tips for traders is that they could focus on both side if it break 5300 that they could initiate long in it for the target of 5350 & if it does not break 5300 so they could go for sell on rise in it for the targets of 5210 to 5215 in near term.

Thursday, June 17, 2010

Nifty Tomorrow- Market Position for 18th June

Nifty today surpassed the short term resistance of 5250 & also managed to close above it. Now the next crucial resistance would be around 5335. Technically it is making the higher lows pattern on charts & we might expect this upside to continue. I  recommend that traders could initiate the longs in nifty future above 5300. Those traders who already has the long position in Nifty future could hold it with the sl of 5205.

Wednesday, June 16, 2010

Nifty Tomorrow- Trading tips for 17 June

Nifty has yet another positive session & in the managed to close with the modest gain. Overall it was the upside consolidation day for the market. in the upside as we had already mentioned in our reports that 5250 is the crucial resistance. Closing above 5250 could take up the Nifty future till the higher levels of 5320 to 5325 in near term. I recommend that traders could initiate longs in nifty future above 5250. If it does not surpass this level then one could go for short in Nifty future for the target of 5150 in short term.


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Tuesday, June 15, 2010

Nifty Levels For 16th June

Nifty again continue the upward trend and managed to close above 5200 mark. After a flat opening the market turned to weak and initiated the short sellers to initiate fresh selling but soon after the sellings marked up again Huge buying helped the market to cover up the troughs made by the shorts and market closed above 5200 for the first time after six weeks.
The crucial support for the market seems to be 5136-5184 with a resistance of 5250-5310. I recommend that traders should go for long in Nifty Futures above 5250 with the stoploss of 5200.

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Monday, June 14, 2010

Nifty Position For Tomorrow

Nifty continue the upward rally today & in the end managed to closed around 5198. Technically now it is looking that 5250 would be next hurdle for it. Closing above this resistance may take up it till the higher levels of 5315 to 5325 in near term. In the Nifty future I recommend that traders could hold long position for the targets of 5320 to 5325. Those who like to initiate the long position could do above 5250.

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Saturday, June 12, 2010

Nifty Technical View- MArket Trend Next Week (14-18 June)

Nifty future on charts from last couple of weeks making the strong candlestick formations & overall addition of volume on higher levels also indicating that this upside might continue for some time.
  if we see charts for considerable longer duration, we could realize that it is making higher lows on charts & the overall sloppy patterns on upside. the only concern is that it is not making much convincing tops on higher side its almost like flat tops, so it means that on higher sides we again might see some correction. But overall I would recommend that if this time nifty future close above 5250 marks one should focus on long position in nifty future.

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Friday, June 11, 2010

Nifty Trend For Monday (Next Week 14th June)

Nifty still not crossing the key short term resistance zone of 5200 to 5220, closing above this resistance zone may consider as the indication of trend reversal & we could expect more bounce from there.  As per the current trend of Nifty future it is expected that it might hold the trading range of 5000 to 5200 for few trading sessions. I recommend that traders should watch out the level of 5200 , if it not cross this level, one can short for the target of 5000 to 5005 in near term.

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Thursday, June 10, 2010

NIFTY LEVELS (11-June-2010)

Nifty made the some sought of recovery from the support level close to 5000. Today it made the strong closing with good volume accumulation, so for tomorrow we might expect this upside may be continue & we can expect some more upside from here. In the upside still 5200 to 5220 is the crucial resistance zone for Nifty future. So for tomorrow trading traders Can go for long in Nifty future for the target of target of 5200.

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Wednesday, June 9, 2010

Nifty Market Trend For 10th June

Nifty is still not sustaining at higher levels & after every rally it witnessing the profit booking. In the downside still more correction is expected from the current levels. I recommend that one can go for sell on rise in Nifty future until it made closing above 5200. In the downside 4900 to 4930 is looking the good support base. Closing below this support zone may slide the Nifty future till the lower levels of 4700 to 4710 in short term.

Tuesday, June 8, 2010

Nifty Technical View 9th June 2010

 Nifty witnessed overall the downside consolidation phase for the first half & in the second half of trading it witnessed some sharp correction. Technically the next support for the Nifty future seems to be around the level of 4850. Closing below this support may drag it the Nifty future till the lower levels of 4700 to 4710 in near term. I had already recommended that one could go for sell on rise in Nifty future. For tomorrow intra day trading traders can initiate the shorts position below the level of 4930 for the targets of 4865 to 4870.

Monday, June 7, 2010

Nifty Position for tomorrow

Nifty made the closing today above 5000 with the negative biased. Today it made the gap down opening & after it just witnessed the range bound movement. It is still technically  expected that market may witness more correction from the current levels. In the downside 4660 to 4700 is looking the key support base for Nifty future. I recommend that traders could initiate shorts position in Nifty future below 4980 for the targets of 4900 to 4905 for intra day trading.

Friday, June 4, 2010

Nifty Levels For The Week

 Nifty witnessed the yet another positive session & continue the upside recovery. Today it managed to break the resistance zone of 5100 to 5110 & also made the closing above it. Now this upside momentum could be continue and one could expect the higher levels of 5200 to 5205 in near term. I recommend long position in Nifty future from the current levels for the target of 5200 with stop loss around 5060.

Wednesday, June 2, 2010

Nifty Levels- 3rd June 10'

 Nifty witnessed the overall the highly volatile market session & in the end made some recovery and manged to closed above 5000 mark. Technically still 5100 to 5110 is the short term resistance zone for nifty future. Closing above this resistance range may take up it till the higher levels of 5175 to 5180 in short term. One can hold the shorts position in nifty future until it made closing above 5100.

Tuesday, June 1, 2010

Nifty Tips- June 2, 2010

 Nifty witnessed the huge correction today and made the closing below 4950. As I had already mentioned in our previous report that one could go for sell on rise in nifty future until it made closing above 5110. Now the nifty can witness more strong correction from the current levels. I recommend short position in Nifty future for the targets of 4700. In the upside 5100 to 5110 is the resistance zone for Nifty future in short term.

 
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