Tuesday, August 31, 2010

Bank Nifty For Tomorrow

Bank nifty technically looking week and we might expect some more correction in it from the current levels, the crucial short term support for bank nifty future seems to be at the level of 10500. Decisive closing below this support may slip it till the lower level of 10350 in near run. In the upside the immediate resistance seems to be at the levels of 10940 to 10950. Decisive closing above this resistance zone may lead the bank nifty future towards the level of 11200 in near run.

Nifty-Sensex Technical View for 1 September '10

Nifty future today get the strong support close to the crucial support zone of 5350 to 5355. Decisive closing below this support zone may slip the nifty future till the lower levels of 5295 to 5300 in near run. In the upside the next resistance seems to be at the levels of 5490 to 5500. The major resistance in the upside seems close to the level of 5550. Decisive closing above this resistance may take up it till the level of 5700 in near run. For intra day trading we recommend buy on dips in nifty future until it close below 5350 for the targets of 5450,5500.

  Sensex is getting the strong short term support close to the levels of 17800 to 17850. Decisive closing below this support zone may slip the Sensex till the lower level of 17400 in near run. In the upside the immediate resistance seems close to the level of 18500. Decisive closing above this resistance may guide the Sensex towards the level of 18800 in near run.


Monday, August 30, 2010

Bank Nifty Tips For Tomorrow

Bank nifty witnessed the correction today again and in the end made the closing marginally on green zone. The next vital short term support for bank nifty future seems to be at the level of 10500. Decisive closing below this support level may create more selling pressure in bank nifty future & may drag it till the lower levels of 10100 to 10110 in near run. In the upside the next resistance seems to be at the levels of 10940 to 10950. Decisive closing above this resistance zone may take up it till the level of 11200 in short term.



Market Overview: Levels for 31st August '10

 Nifty made the high volatile session today and in the end made the flat closing. Today nifty made the nice come back from the support levels of 5390 to 5400. Decisive closing below this support may slip it till the lower level of 5350 in near run. in the upside the major resistance seems to be at the level of 5550. Decisive closing above this resistance may guide the nifty towards the level of 5700 in near run. For trading we recommend that traders may go for buy on dips until it close below 5350 for the target of 5700.

  Sensex is facing the resistance close to the levels of 18450 to 18500. Decisive closing above this resistance zone may take up the Sensex till the level of 18800 in near run. in the downside it is getting the short term support close to the levels of 17825 to 17900. Decisive closing below this support zone may further week the trend of Sensex for further decline might drag till the lower level of 17400 in near run.


Thursday, August 26, 2010

Nifty Position For Friday 27 August 2010

Nifty as expected has closed below the 5480 mark and now it may be little bearish for the short term, we can expect further correction up to 5450/5420/5380 levels. Below 5380 we may expect further downside to 5350-5250 levels . 5540 is important resistance area on the upside.

Bank nifty future has closed near the days low at 10982.50 and one may expect futher downside upto 10800-10600 in coming trading sessions. Strong resistance in Bank Nifty Future seems to be around the levels of 11200 . So one may go for sell on rise strategy in it until it close above 11200 level.


Wednesday, August 25, 2010

Nifty and Bank Nifty Trend For 26th August 2010

Nifty as expected has closed below the 5480 mark and now it may be little bearish for the short term, we can expect further correction up to 5450/5420/5380 levels. Below 5380 we may expect further downside to 5350-5250 levels . 5540 is important resistance area on the upside.

  Bank nifty future has closed near the days low at 10947.10 and one may expect further downside up-to 10800-10600 in coming trading sessions. Strong resistance in Bank Nifty Future seems to be around the levels of 11200 . So one may go for sell on rise strategy in it until it close above 11200 level.




Monday, August 23, 2010

Nifty Position for Tuesday 24 August 2010

Nifty continued its positive trend today also with a positive foreign trade policy. Market is still looking bullish and will continue the bullish trend until Nifty sustains the short term support level of 5495. So one can buy it on dips until 5495 is sustained. On the upside, short term resistances can be seen at psychological supply zone of 5600 and 5650.






Friday, August 20, 2010

Bank Nifty Tips For Monday

 Bank nifty close flat at 11020 but ternd is very bullish and strong up moves & in the free flowing zone. As per the present position it is looking that it still may continue its uptrend & may move more from here. The next technical resistance in Bank Nifty Future seems to be around the levels of 11500 to 11550. So one may go for buy on dips strategy in it until it close below 10500.

Nifty For 23 August '10 - Technical Levels and Trading Tips

Nifty today also managed to give a closing above its 5500 mark at 5530 and it will continue to face resistance at 5500 level. Decisive closing above 5500 may lead it towards the levels of 5600 to 5610 in near run. The immediate intraday support for Nifty Future seems to be at the levels of 5440 to 5450. Decisive closing below this support zone may slip it till the lower levels of 5400 and 5350 in near run. For trading we already recommended buy on dips for the targets of 5500, 5550. Those who like to initiate new long positions in Nifty Future, they might do above 5500 for the target of 5600 with a Stop Loss around 5460.


BSE-Sensex Technical Vew - 23 August 2010

Sensex today ended at 18400 level loosing 53 points It may face the next resistance close to the levels of 18800 to 18850. Decisive closing above this resistance zone may take it up till the levels of 19170 to 19200 in near run. Sensex made a strong come back from the lower levels as we already mention in our previous reports. Now the short term support for Sensex seems close to the levels of 16950 to 17050

Thursday, August 19, 2010

Nifty Sensex- Technical Levels for Friday, 20 August '10 and Trading Tips

Nifty broken the crucial resistance of 5500 today and after it made the strong closing as well. The next resistance in it seems to be at the level of 5535. Closing above this resistance may take up it till the levels of 5600 to 5610 in near run. As we already recommend buy on dips in nifty future until it close below 5350 for the targets of 5450, 5500, 5550. Today market achieved the second target also. Now one may hold the long in nifty future until it close below 5440 for the target of 5600. Those who like to initiate new longs they may do above 5335 for the target of 5600 with sl around 5495.

Sensex may face the next resistance close to the levels of 18800 to 18850. Decisive closing above this resistance zone may take up it till the levels of 19170 to 19200 in near run. Sensex made the strong coma back from the lower levels as we already mention in our previous reports. now the short term floor for Sensex seems close to the levels of 16950 to 17050.

Wednesday, August 18, 2010

Bank Nifty Tips For Tomorrow

  Bank nifty is in strong up moves & in the free flowing zone. As per the present it is looking that still it may continue its uptrend & may moves more from here. The next technical resistance in bank nifty future seems to be around the levels of 11500 to 11550. So one may go for buy on dips strategy in it until it close below 10500.

Updated Target For 20th August-  BANK NIFTY ON BOOM TODAY IT HIT THE FIRST TARGET . OUT FINAL TARGET IS THE EYE OPENER IN BANK NIFTY FUTURE THAT IS 11500 . 




Nifty Intraday Trading Tips fo Thursday, 19 August 2010

Nifty today made the strong up moves and made the close near to the level of 5500. Decisive closing above 5500 may lead it towards the levels of 5600 to 5610 in near run. In the immediate intra day support for nifty future seems to be at the levels of 5440 to 5450. Decisive closing below this support zone may slip it till the lower levels of 5400, 5350 in near run. For trading we already recommend buy on dips for the targets of 5500, 5550. Those who like to initiate new long in nifty future they might do above 5500 for the target of 5600 with sl around 5460.

Sensex may face the next resistance close to the levels of 18310 to 18350. Decisive closing above this resistance zone may take up it till the levels of 18800 to 18850 in near run. In the downside the short term support seems to be at the levels of 17800 to 17850. Decisive closing may further decline it till the lower levels of 17400 in near run.



Tuesday, August 17, 2010

Stock Market: NSE -BSE Alert for Wednesday 18 August '10

NIFTY TECHNICAL VIEW WITH TRADING RECOMMENDATIONS-

 Nifty witnessed the high volatile sessions today and in the end made the flat closing. This was yet another range bound session for the market. In the upside we might expect the decisive movement above the level of 5500 which is the crucial resistance point for the nifty. In the downside the short term base seems to be at the levels of 5350 to 5360. So for the intra day trading we recommend that one may go for buy on dips in nifty future until it close below 5390 for the targets of 5480, 5530.

BSE FOR TOMORROW


Sensex may head towards the levels of 18800 to 18850 in near run. Technically it is looking strong & may continue its up trend for some more time. The immediate support for Sensex seems close to the levels of 17820 to 17850. Decisive closing below this support zone may impose the further correction in it.



Monday, August 16, 2010

Nifty position for Tuesday-17 August, 2010

 Nifty still holding the level of 5400 from few trading sessions. Today again it gets the strong buying support close to the levels of 5395 to 5400. Decisive closing below this support may slip it till the lower level of 5350 in near run. Technically nifty still looking to hold these current levels for a while. For trading we recommend that one may go for buy on dips until it close below 5350 for the targets of 5500, 5550.

Saturday, August 14, 2010

Bank Nifty Tips For Monday

 Bank nifty made new high in this week & looking stronger for further up moves. Most of the banking stocks like SBI, Andhra Bank, UCO bank, Allahabad bank made new highs & still looking very attractive for more gains. In this week we might see the strong moves in Indian bank, Bank of India & Syndicate bank. So one may focus on long position in the banking stocks. In the downside the first support for bank nifty seems to be at the levels of 10485 to 10500. Decisive closing below this support zone may slip it till the lower level of 10350 in near run. In the bank nifty future one may initiate long position until close below the level of 10500 for the target of 11000.

Nifty Trend For 16 August '10

Nifty witnessed the yet another positive sessions & in end closed in the green zone. Yesterday it was overall the positive consolidation day for the market. The next key hurdle for nifty future seems to be at the level of 5500. Decisive closing above this resistance may take up it till the levels of 5600 to 5610 in near run. As for trading we already recommend buy on dips until it close below 5350 for the targets of 5500, 5550.


Thursday, August 12, 2010

Market ends Flat after Recovery: Nifty Might touch 5500 Soon

 Nifty made the strong come back from the lower levels, as we already mention in our previous report that technically the bounce back looking possible in it. Today overall it was again positive session. One may expect that the up trend would be continuing in the market & we might see the 5500 mark soon. For trading we already recommend buy on dips until it close below 5350 for the targets of 5500, 5550.

  Sensex bounce from the lower levels today & in the end made the flat closing. the next resistance for Sensex seems to be in the zone of 18300 to 18350. Decisive closing above this resistance zone may lead it towards the levels of 18800 to 18850 in near run. Technically we might see some upside consolidation in Sensex in upcoming trading sessions.

Get Free Stock tips Daily. Keep Visiting us. 

Wednesday, August 11, 2010

Nifty Tips : Trading recommendation for 12 August 2010

Nifty witnessed the correction today & in the end closed near to the levels of 5400 to 5405. The next crucial support zone for nifty future seems to be at the levels of 5350 to 5360. Decisive closing below this support zone may slip it till the levels of 5300 to 5305 in near run. Technically nifty still looking get back from the current levels, so one may keep long in nifty future until it close below 5350 for the targets of 5500,5550.

  Sensex witnessed the correction today and in the end closed near to the level of 18070. The next short term key support for Sensex seems to be at the levels of 17820 to 17850. Decisive closing below this support zone may slip it till the lower levels of 17400 to 17500 in near run. Sensex technically still looking strong to bounce back from the support levels.

Tuesday, August 10, 2010

Market Prediction For 11 August: Keep Long in Nifty Future untill 5400

Nifty witnessed some profit booking today, but still holding the up trend. technically market is looking to head ahead from here onwards for the levels of 5600 to 5610. The next key resistance seems to be at the level of 5500. Decisive closing above this level may take up it till the levels of 5600 to 5610 in near run. We recommend that one may keep long in nifty future until it close below 5400. Those who like to initiate new longs they may do above 5500 with the sl of 5440 for the target of 5600.

  Sensex witnessed some selling pressure today & in the end closed in the red zone. on the upside 18310 to 18350 is the immediate resistance in it. Decisive closing above this resistance zone may head it towards the levels of 18880 to 18920 in near run. In the downside the key short term support seems close to the zone of 17825 to 17850.

Get Free  Stocks Tips- CLICK HERE

Monday, August 9, 2010

Nifty Sensex Technical View and Trading tips for August '10

Nifty witnessed the yet another positive session & in the end closed in positive zone. The next key resistance point for it seems to be at the level of 5500. Decisive closing above this resistance may take up it till the levels of 5550, 5600 in near run. In the lower side the key supports for intra day seems to be at the levels of 5405 & 5350. For trading as we already recommended in our previous reports that one may go for buy on dips in nifty future until it close below 5350 for the targets of 5500,5550, so traders may keep long in nifty future.
 Sensex continue it's up trend & made yet another closing in green zone. The next key resistance for it seems to be at the levels of 18320 to 18350. Decisive closing above this resistance zone may take up it till the levels of 18800 to 18820 in near run.technically Sensex looking strong& one may expect more up moves in it from the current levels.

CLICK to Get Free Stock Tips 

Book Profit in Banks: SBI can go upto Rs 2775-2800, in Auto Sector Go for Tata Motors

Banking stocks went into some kind of consolidation over the last three days now they are back again. ICICI Bank Rs 1010 is possible, SBI provided results are good, you could see levels of Rs 2775-2800, it seems like they are exhausted and they are going into a correction but given today’s action, it is possible that they may just be moving sideways before another upmove.
In the auto sector, Tata Motors is our preferred pick. We also like Bajaj Auto and Hero Honda. With Maruti we are kind of neutral because I think we got a little bit negatively surprised by the whole royalty thing. The growth seems to be still coming through particularly in the two-wheelers and CVs etc. So my sense is that the best way to play it is through probably a combination of Tata Motors and perhaps Bajaj Auto or Hero Honda.
Last month we were pretty bullish on Mahindra & Mahindra but now that its run up to the Rs 650-660 levels, it doesn’t seem to offer too much more upside from here. This could be a good point at Rs 650 levels to put up some shorts and it will move back down to trading range of around Rs 610-611. For traders you should be looking at playing that sort of a range and with the Nifty looking like its going to dip moves slightly downwards from here, We think it’s a good stock and in fact it’s been good sector to be short on at this point of time.

Friday, August 6, 2010

Tata Motors can go upto Rs 920-925, Tata Power, RPower can give short term spurt:News Center

Tata Motors looks pretty good, in fact most of these Auto stocks look interesting as I was pointing out Auto could be a serious mover over the next two or three weeks. One should look at levels like Rs 920-925 coming in on Tata Motors. So from a trading perspective yes there is a lot of pre up move which has already gone by over the days but Hero Honda, Tata Motors and M&M these are three stocks which continue to look bullish with a 2-3 week perspective where you can get that 5% to 8% jump up if you are looking for it so very comfortable on this one.
ITC continues to look positive again the only fear factor in a lot of these stocks is the fact that they have run up to such a good degree. The fact that they have already hit new highs and if one is looking at a fresh entry so from a fresh entry point of view, I would still be uncomfortable on ITC, that doesn’t mean the stock can’t rally another 5% - 6% so for traders yes but from an investment angle still not that comfortable on something like ITC.
One could look at getting into stocks like Tata Power, RPower that could give you a certain short term spurt on the upside. The other sector that I already spoke about was to go into some of the banking names, so heavyweights like ICICI Bank look fairly comfortable from a very short term context. I definitely would like to play this market on the long side.
Unitech seems to be heading to about Rs 91-92 so these would all be stock I would be comfortable going home long with.


Get Free Stock tips 

Thursday, August 5, 2010

Today's Market Review and Nifty Tips for Tomorrow

Nifty continue the upward rally today and made the high of 5480. Overall it was the highly volatile session. technically market looking well set to break the level of 5500 in near time. Decisive closing above 5500 may lead it towards the levels of 5600 to 5610 in near run. In the downside the intra day support seems to be around the levels of 5400 to 5405. Closing below this support range may slip it till the lower levels of 5350 to 5355 in near run. For trading we already mention in our previous reports that every dip in nifty future is the buying opportunity until it close below 5350, the next targets in it seems to be at the level of 5500,5550 in near run.

  Sensex reaches close to the level of 18300, as we already mention in our previous report that it might face the next resistance in the zone of 18300 to 18350. Decisive closing above this resistance zone may head up it till the level of 18800 in near run. in the downside the immediate support for it seems to be in the levels of 18000 to 18025. After this it may get the next support close to the levels of 17820 to 17850.


Get Free Equity Tips Daily 

JF Has A target Of 580-600, Below Rs 98-99, India Cements may slip to Rs 74-78

Stock Tips- 

Jubilant Foodworks after a bit of dip it has again picked up, this is now in a parabolic kind of phase, high moment phase which can easily take it up to Rs 580-600 that is a tall target but that is likely to happen because this stocks moves in large steps. Rs 315-320 is a strong resistance here and chances are that after this kind of a dip this stock finally takes out Rs 320 probably the financials are weak that is the reason its down. But I think it has got good support around Rs 255-260

Abhishek Industries is still within Rs 15-20 kind of band. It needs to move decisively past Rs 20-20.50 to show you the next move towards Rs 25
He further added, “India Cements was showing as if it is consolidating but suddenly it started to breakdown below that consolidation. In case Rs 98-99 is taken out decisively, you could see this stock going towards levels of Rs 74-78, so this cement stock is kind of breaking down.

Wednesday, August 4, 2010

Market Trend and Trading recommendations for Tomorrow

Nifty continue the up trend today & in the end made the strong closing. The next key resistance for it seems to be at the level of 5500. Decisive closing above this resistance may guide it towards the levels of 5600 to 5610 in short run. In the downside the intra day support seems to be at the level of 5400 to 5405. Closing below this support may slip it till the lower levels of 5350 to 5360 in short run. For trading we already recommend that every decline in Nifty future is the buying opportunity until it close below 5350 for the targets of 5500,5550 in near run.

Sensex made the strong upmoves today and in the end closed very close to days high. Now it is looking to conitue the up trend for some more time. The next resistance seems to be at the levels of 18310 to 18350. Decisive closing above this resistance zone may lead it towards the level of 18800 in near run.


Daily Market Review at- Nifty Tips

7 Stocks Which Witnessed Sharp Rise Today

Below is the list of stocks which registered sharp rise in trading volume at the BSE and NSE on Wednesday, Aug 04, 2010:

GlaxoSmithkline consumer Healthcare witnessed a jump of 1.80 times in total traded volume over 22-DMA to 53,157 both at BSE and NSE. The 22-DMA volume stood at 29,583 shares of the company were trading at Rs 1812.95, up Rs 16.15 or 0.9% at the BSE on Wednesday, at 10.55 a.m. The scrip has reached an intraday high of Rs 1817.8 and low of Rs 1790.

Prime Focus witnessed a jump of 2.18 times in total traded volume over 22-DMA to 404,163 both at BSE and NSE. The 22-DMA volume stood at 185,745. Shares of the company were trading at Rs 448.95, up Rs 21.95 or 5.14% at the BSE on Wednesday, at 10.55 a.m. The scrip has hit an intraday high of Rs 459 and low of Rs 422.

EID-Parry (India) witnessed a jump of 7.72 times in total traded volume over 22-DMA to 790,607 both at BSE and NSE. The 22-DMA volume stood at 102,374. Shares of the company were trading at Rs 406, up Rs 14.60 or 3.73% at the BSE on Wednesday, at 10.55 a.m. The scrip has hit an intraday high of Rs 411 and low of Rs 387.5.

HMT registered a surge of 2.89 times in total traded volume over 22-DMA to 4,419,363 both at BSE and NSE. The 22-DMA volume stood at 1,527,185. Shares of the company weretrading at Rs 85.7, up Rs 2.05 or 2.45% at the BSE on Wednesday, at 10.55 a.m. The scrip has touched an intraday high of Rs 88.8 and low of Rs 85.

ITI observed a surge of 2.24 times in total traded volume over 22-DMA to 2,116,563 both at BSE and NSE. The 22-DMA volume stood at 945,307. Shares of the company were tradingat Rs 45.25, up Rs 0.85 or 1.91% at the BSE on Wednesday, at 10.55 a.m. The scrip has reached an intraday high of Rs 46.15 and low of Rs 44.05.

VIP Industries witnessed a jump of 2.56 times in total traded volume over 22-DMA to 5,510,504 both at BSE and NSE. The 22-DMA volume stood at 2,149,671. Shares of the company were trading at Rs 470.5, up Rs 39.65 or 9.2% at the BSE on Wednesday, at 10.55 a.m. The scrip has hit an intraday high of Rs 484.25 and low of Rs 433.65.

Hindusthan National Glass & Industries registered a rise of 2.77 times in total traded volume over 22-DMA to 261,939 both at BSE and NSE. The 22-DMA volume stood at 94,573.Shares of the company were trading at Rs 252.5, up Rs 9.40 or 3.87% at the BSE on Wednesday, at 10.55 a.m. The scrip has reached an intraday high of Rs 262 and low of Rs 245.

Courtesy - My Iris

Tuesday, August 3, 2010

Nifty Sensex Technical View with Trading Recommendation For 4th July

Nifty witnessed a range bound movement today and in the end closed marginally in green. Overall it was a positive consolidation for the market & the up trend remain intact for a while. The next crucial hurdle for Nifty Futures seems to be at the level of 5500. Closing above this resistance may take up it till the levels of 5600 to 5610 in near run. The immediate support for it seems to be at the levels of 5400 to 5405. After it Nifty may get the short term support close to the level of 5350.

Sensex is holding the higher levels, today it was overall the positive consolidation for Sensex. The next resistance for it seems to be in the zone of 18310 to 18340. Decisive closing above this resistance zone may lead it towards the level of 18800 in near run. The immediate support for it seems to be around the levels of 17820 to 17850.

Monday, August 2, 2010

Nifty-Sensex Trading tips and Market prediction for tomorrow

Nifty bounce from the support levels & in the end made the strong closing, as we already mention in our previous report that one may go for buy on dips in Nifty future until it close below 5350 for the targets of 5410,5440, today market achieved it. Now technically nifty future looking strong & having the next key resistance close to the level of 5500 to 5510. decisive closing above this resistance range may take up it till the levels of 5600 to 5610 in near run. In the lower side the crucial short term support seems to be in the range of 5350 to 5370.

  Sensex get the good buying support again close to the levels of 17825 to 17860 this zone be come the crucial short term support zone for the sensex. the next key resistance zone for the Sensex seems to be at the levels of 18320 to 18350. Decisive closing above this resistance zone may guide it towards the levels of 18800 to 18850 in near run.

 
Posted By Commodity MCX Tips