NIFTY Position For Thursday 30 September 2010

Nifty future witnessed some correction and in the end made a closing below 6000 level. Now the next technical resistance for nifty future seems close to the levels of 5940 to 5950. Decisive closing below this support zone may take nifty future down to the levels of 5890 to 5900 in near term. However nifty future may face an intra day resistance close to the level of 6065. Closing above this resistance may take nifty future up to the levels of 6090 to 6100 in near run.

Recommendations: For intra day trading we recommend long position in nifty future from the current levels for the target of 6100 with the stop loss around 5940. 

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Bank Nifty Technicals- Levels for Tomorrow Market

Bank nifty future is in the upside consolidation phase and witnessed some profit booking on upper levels. Now the next intra day technical resistance for bank nifty future seems close to the level of 12170. Decisive closing below this support may make it slip till the levels of 12080 to 12085 in near term. how ever it may face the intra day resistance close to the levels of 12340 to 12345. decisive closing above this resistance zone may guide it towards the level of 12400 in near run. 

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NIFTY FUTURES FOR 29 SEPTEMBER 2010

Nifty futures witnessed a positive consolidation phase today and in the end made a flat closing. In the upside the next technical resistance for nifty futures seems close to the levels of 6090 to 6100. Decisive closing above this resistance zone may take it up till the levels of 6175 to 6200 in near run. However the immediate support for nifty future seems in the zone of 5995 to 6000. Decisive closing below this support zone may make nifty futures slip to the level of 5950 in near term.

Recommendation- For intra day trading we recommend long position in nifty future above 6100 for the target of 6175 with the intra day stop loss around 6060.

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Bank Nifty Futures For Wednesday 29 Sept 2010

Bank nifty futures witnessed the side way phase with positive biasness. the next technical resistance for bank nifty futures seems close to the level of 12400. Decisive closing above this resistance may take it up till the level of 12500 in near run. In the downside the immediate support for bank nifty futures seems close to the levels of 12140 to 12150. Decisive closing below this support zone may slip bank nifty futures till the levels of 12080 to 12085 in near term.

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Nifty Futures Trend for Tuesday 28 September '10

 Nifty futures continued the upward rally today as well and registered the presence close to the level of 6100 but could not be able to sustain at upper levels and in the end made some profit booking but still sustaining above 6000. The next technical resistance for nifty futures seems close to the levels of 6100 to 6105. Decisive closing above this resistance zone may lead nifty future towards the levels of 6175 to 6200 in near run. In the downside the immediate support for nifty future seems close to the levels of 6010 to 6015. Decisive closing below this support zone may take nifty futures towards the levels of 5950 to 5955 in near term. For intra day trading we recommend long position in nifty future above 6105 for the target of 6175 with the intra day stop loss around 6080. 

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Bank Nifty Tips For Tomorrow (28 September 2010)

Bank nifty future made a gap up opening but witnessed a correction from the upper levels and in the end made closing in red zone. The short term support for bank nifty futures seems close to the levels of 12080 to 12085. Decisive closing below this support zone may make it slip till the levels of 11990, 11860 in near run. Overall we might see the upside consolidation in bank nifty futures in upcoming trading session. In the upward direction the resistance seems close to the level of 12400. Closing above this resistance may take bank nifty future up for the level of 12500 in near run. 

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Stock tips Intraday- Hold Suzlon Energy, Buy Reliance Energy Ltd

Hold Suzlon Energy Ltd. – SL-51    - TG-64.00

Buy Reliance Power Ltd. SL-157 TG-167.00


Daily Stock tips- Stock tips Intraday 

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Nifty Future Trend For Monday 27 September 2010

Nifty future is getting good buying support at the lower levels and looking technically strong for more fresh up moves. The next technical resistance for nifty future seems close to the level of 6050. Decisive closing above this resistance zone may take up nifty future for the levels of 6100, 1650 in near run. The immediate support for nifty future seems close to the levels of 5935 to 5945. Decisive closing below this support zone may make it slip till the lower levels of 5895 to 5900 in near run. For intraday we recommend long position in nifty future above 6050 for the targets of 6100, 6150 with the intra day stop loss around 5995. 

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Bank Nifty Tips For Monday (27 September '10)

Bank nifty is still maintaining above 12000 from a while. Now technically it is looking for more gains from here. The next technical resistance for bank nifty future seems close to the zone of 12350 to 12365. Decisive closing above this resistance zone may take up it till the level of 12500 in near run. The immediate support for bank nifty future seems close to the levels of 12080 to 12090. Decisive closing below this support zone may slip it till the levels of 11990, 11860 in near run.

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Technical View On Nifty- Thursday September 23, 2010

Nifty witnessed the upside consolidation phase today and in the end made the closing in the red zone. The next technical resistance for nifty future seems close to the levels of 6050 to 6060. Decisive closing above this resistance zone may lead the nifty future for the level of 6155 to 6180 in near run. The immediate support for nifty future seems close to the level of 5950. Closing below this support may slip it nifty future till the levels of 5900 to 5905 in near run. For intra day trading we recommend long position in nifty future from the current levels with the SL around 5950 for the target of 6150 in near run.

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Bank Nifty Futures- Position for Tomorrow (23rd Sept 2010)

 Bank Nifty Future is holding the upper levels and today made strong recovery after the some sort of correction and in the end made closing in the green zone. Now the next technical resistance for Bank nifty future seems close to the levels of 12360 to 12365. Decisive closing above this resistance zone may take up the bank nifty future for the level of 12500 in near run. the immediate support for Bank Nifty future seems close to the level of 12150. Decisive closing below this support may slip it till the levels of 12090 to 12100 in near run.

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Nifty Future Prediction For Wednesday 22 September 2010

  Nifty future continued the upward rally with yet another positive session. Now the next technical resistance zone for nifty future seems in the zone of 6050 to 6060. Decisive closing above this resistance zone may further confirm more gains in nifty future. Today overall it witnessed high volatile session with positive bias. The immediate support for nifty future seems close to the level of 5950. Closing below it may slip nifty future till the levels of 5875 to 5880 in near run. For intra day trading we recommend long position in nifty future until it close below 5950 for the targets of 6050,6100 in near run.

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Bank Nifty Recommendation For 22nd September '10

  Bank Nifty Future witnessed the upside consolidation phase today and in the end made closing in the red zone. In the upside it may face the next technical resistance in the zone of 12360 to 12365. Decisive closing above this resistance zone may take up it till the level of 12500 in near run. The immediate support for bank Nifty Future seems close to the level of 12150. Decisive closing below this support may slip it till the level of 12090 in near run.

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Nifty Prediction For Tomorrow (Tuesday 21 September '10)

 Nifty future today touched the level of 6000 and is holding the up trend. Technically we might see some more up moves in the nifty future and the next technical resistance for nifty future seems close to the resistance zone of 6050 to 6060. Decisive closing above this resistance zone may take nifty future till the levels of 6120 to 6125 in near run. In the downside nifty future may get the immediate support close to the level of 5935. Closing below this support may make it slip till the levels of 5890 to 5895 in near run. For intra day we recommend buy on dips in nifty future until it close below 5935 for the target of 6050 in near run. 

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Bank Nifty Position (21 September '10)

Bank nifty future today made a strong come back close to the level of 12090 to 12100 and in the end made strong closing in green zone. As we already recommended in our previous reports that the next technical resistance for bank nifty future seems in the resistance zone of 12240 to 12250. Today it made decisive closing above this resistance zone, so may we expect more up moves in it from here onwards. The next technical resistance for bank nifty future seems close to the levels of 12360 to 12365. Decisive closing above this resistance zone may lead the bank nifty future towards the level of 12500 in near run. The immediate support for bank nifty future seems close to the levels of 12090 to 12100. Decisive closing below this support zone may make it slip till the lower level of 11990 in near run.

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Nifty Prediction For 20 September 2010

Nifty witnessed a high volatile session with positive bias today. Overall it was yet another positive session for the market. Technically nifty future may face the next resistance close to the level of 6000. Decisive closing above this resistance zone may further advance nifty future towards more gains. In the downside the immediate support for nifty future seems close to the level of 5865. Decisive closing below this support may make it slip till the lower levels of 5820, 5775 in near run. For intra day trading we recommend long position in nifty future until it close below 5820 for the target of 6000 in near run.

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Bank Nifty Future: Levels For Monday (20 September '10)

  Bank nifty future witnessed profit booking on upper levels but was still able to hold above the level of 12000. The next resistance zone for bank nifty future seems close to the levels of 12245 to 12250. Decisive closing above this resistance zone may take it up till the levels of 12500, 12700 in near run. In the downside it may get the immediate short term support close to the level of 11990. Closing below this support may slip it till the lower levels of 11860, 11735 in near run.

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Nifty Future Prediction: Levels for tomorrow (17 September '10)

  Nifty future today witnessed a high volatile session and in the end made a closing in the red zone. Today it crossed the level of 5900 but was not be able to sustain above it. In the next trading sessions we might see some consolidation in the market. In the downside it may get the immediate short term support close to the level of 5750 to 5760. For intraday trading we recommend buy on dips strategy in nifty future until it close below 5750 for the target of 6000.

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Bank Nifty Position For Friday (17 Sept '10)

Bank nifty future made strong up moves today and in the end made a closing in the green zone. The next technical resistance for bank nifty future seems close in the zone of 12250 to 12270. Decisive closing above this resistance zone may take it up till the level of 12500 in near run. In the downside the immediate support for bank nifty seems close to the level of 11860. Decisive closing below this support may make it slip till the levels of 11730 to 11735 in near run.

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Nifty Prediction- Levels for Thursday (15 September '10)

  Nifty made the breakout above the level of 5850 today and in the end made strong closing above it. Overall today witnessed the high volatile session with positive bias. Now the next technical resistance for Nifty Future seems close to the level of 6000. Closing above this resistance may take up it till the levels of 6075 to 6080 in near run. The immediate support for nifty future seems close to the level of 5820. Closing below this support may slip it till the level of 5750 in near run. For intra day trading we recommend buy on dips strategy in nifty future until it close below 5750 for the targets of 5900,6000 in near run. 

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Bank Nifty Position For Tomorrow (16 September '10)

  Bank nifty future witnessed the upside consolidation session today and in the end made closing in the green zone. The next resistance for bank nifty future seems close to the level of 12080. Decisive closing above this resistance may take up it till the level of 12250 in near run. In the downside the immediate support for bank nifty future seems close to the level of 11860. Closing below this support may slip it till the levels of 11730 to 11735 in near run.

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NSE Market Review- Nifty Position for Wednesday (15 September '10)

Nifty is holding the up trend and trading close to the resistance zone of 5845 to 5850. Decisive closing above this resistance zone may lead the nifty future for the level of 6000 in near run. Today overall it was very positive session for the market and get good strong buying on upper levels also. Now technically market is looking to continue this upswing and we may expect more upper levels. In the downside the immediate support for nifty future seems close to the levels of 5750 to 5755. Closing below this support zone may slip the nifty future till the level of 5700 in near run. For intra day trading we recommend long position in nifty future above 5850 for the targets of 5900,5950,6000 in near run with the SL around 5775.

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Bank Nifty Levels for Tomorrow (15 September ' 10)

  Bank Nifty Future touches the level of 12000 and overall it was yet another positive session. Overall banking stocks are still looking very impressive from the current levels also. The next technical resistance for bank nifty future seems close to the level of 12070 to 12080. Decisive closing above this resistance zone may take up it till the level of 12250 in near run. The immediate support for bank nifty future seems close to the level of 11850. Decisive closing below this support may slip it till the levels of 10730 to 10735 in near run.

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Nifty Prediction For Tuesday 14 September 2010

Nifty witnessed the strong positive session today and also made the strong closing above 5750. Now the next resistance for nifty future seems close to the level of 5850. Decisive closing above this resistance may take up the nifty future for the level of 6000 in near run. In the downside 5600 to 5620 may be the short term support zone for nifty future. Closing below this support zone may slip it till the lower levels of 5540 to 5550 in near run. For intra day trading we recommend long position in nifty future from the current levels for the target of 5850 with the intra day SL around 5710.

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Bank Nifty Review and Trading Recommendations for 14 September

Bank nifty future registered the very strong session today and in the end made closing in the green zone. Now Bank Nifty Future may make more upside moves from here. The next technical resistance for bank nifty future seems close to the levels of 11910 to 11920. Decisive closing above this resistance zone may take up it till the level of 12000 in near run. In the downside the immediate short term support for bank nifty future seems close to the level of 11240 to 11250. Decisive closing below this support zone may drag it till the lower level of 11100 in near run. For intra day trading we recommend long position in bank nifty future from the current levels for the targets of 11910, 12000 with the intra day SL around 11780.

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Share Market Review: Prediction for Monday 13 September '10

Nifty continue the upward move today and made the yet another positive session. Today it most of the time trade above 5600 which is technically strong sign. The next resistance for nifty future seems in the zone of 5700 to 5710. Decisive closing above this resistance zone may lead the nifty future towards the level of 5850 in near run. In the downside the immediate support for nifty future seems close to the level of 5565. Decisive closing below this level may create further selling pressure in nifty future. For intra day trading we recommend long position in Nifty future from the current levels for the target of 5700 with the SL around 5585.


  Sensex witnessed the positive session and in the end made the closing in the green zone. Now the next key resistance for Sensex seems close to the level of 19000. Decisive closing above this resistance may guide the Sensex towards the levels of 19150 to 19200 in near run. In the downside the immediate support for Sensex seems close to the levels of 18530. Decisive closing below this support may slip it till the lower level of 18360 in near run. 

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Bank Nifty Tips for Monday 13th September 2010

 Bank nifty future as we already mention in our previous report that it is looking very strong and may make strong up moves and move towards the level of 11500 in near run. Today it was very strong positive session for bank nifty future and it registered yet another new high. Now the next resistance for Bank Nifty Future seems close to the level of 11500. Decisive closing above this resistance may take up the bank nifty future towards the level of 11730 in near run. For intra day trading we recommend long position in bank nifty future until it close below 11000 for the targets of 11500,11600,11700.

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Nifty Sensex Technical Levels: 9 September '10

Nifty made the flat closing of the high volatile session. Today it was the overall range bound session and we had seen both side movement in the market. Now the key thing is that still nifty future is trading above the 5540 to 5550 zone which is the good short term support zone for nifty future. Decisive closing below this support may slip it till the lower levels of 5490 to 5500 in near run. In the upside the next technical resistance seems close to the level of 5700. For intra day trading we recommend long position in nifty future from the current levels for the targets of 5650, 5700 with the intra day SL around 5540.

  Sensex witnessed the high volatile session and in the end made closing in green zone on flat note. The next resistance zone for the Sensex seems to the levels of 18850 to 18900. Decisive closing above this level may lead the Sensex towards the level of 19150 to 19200 in near run. In the downside it is having the crucial short term support close to the levels of 17800 to 17850. Decisive closing below this support zone may slip the Sensex towards the lower level of 17400 in near term.

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Bank Nifty Futures : levels for Tomorrow

Bank nifty future is looking to continue the upward movement & we might see some more new highs in it. The next technical resistance seems close to the levels of 11290 to 11300. Decisive closing above this resistance zone may take up it till the level of 11500 in near run. In the downside the immediate short term support for bank nifty future seems close to the levels of 11100 to 11110. Decisive closing below this support zone may slide it till the lower level of 11000 in near run.

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Bank Nifty Tips for Wednesday

Bank nifty future witnessed the side ways movement today with negative bias. The next resistance for bank nifty future seems to be in the zone of 11290 to 11300. Decisive closing above this resistance may take up it till the level of 11500 in near run. In the downside 11100 to 11110 may be the intra day support for bank nifty future. Decisive closing below it may create the further selling pressure in bank nifty future & may slip it till the lower levels of 10990 to 11000 in near run.

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Nifty and Sensex- Market Prediction for 8 September '10

   Nifty continued the upward rally today and in the end made the closing in the green zone. Now nifty future looking very strong for more upside from the current levels. The next resistance for nifty future seems to be in the zone of 5700 to 5710. In the downside the immediate support for nifty future seems to be in the zone of 5540 to 5550. Decisive closing below this support zone may slip it till the lower levels of 5490 to 5500 in near run. For intra day we recommend long position in nifty future for the target of 5700 with the intra day SL around 5540.

  Sensex may face the next resistance close to the levels of 18850 to 18900. Decisive closing above this resistance zone may take up it in the bull zone for further gains. In the downside it is having the crucial short term support close to the levels of 17800 to 17850. Decisive closing below this support zone may slip it till the lower level of 17400 in near run. the immediate support for Sensex seems to be at the levels of 18350 to 18360. Decisive closing below this support zone may slip it till the lower level of 18120 to 18135 in near run.

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Nifty Position On Monday 6th September 2010

  Nifty witnessed a range bound movement today & in the end made a flat closing in red. In the upside it is facing a resistance in the zone of 5500 to 5510. Decisive closing above this resistance zone may take up it till the level of 5550 in near run. In the downside the short term support for nifty future seems to be at the levels of 5350 to 5355. Decisive closing below this support zone may slip it till the lower levels of 5295 to 5300 in near run. For trading we recommend buy on dips until it close below 5410 for the target of 5550, 5600 in near run.

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Bank Nifty For Monday (6th September 2010)

 Bank Nifty Future is holding the upper levels & looking technically strong to make fresh up moves from the current levels. The next resistance zone for bank nifty future seems to be in the zone of 11100 to 11110. Decisive closing above this resistance zone may take up it till the level of 11500 in near run. In the downside the crucial short term support seems to be at the levels of 10500 to 10525. Closing below this support zone may drag it till the lower level of 10100 in near run.

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Nifty Prediction for Friday 3 September 2010

 Nifty witnessed the high volatile session today & in the end made closing with marginal gain. In the upside still 5550 is the major resistance & closing above this resistance may guide the nifty future towards the level of 5700 in near run. In the downside the intraday support seems to be in the zone of 5400 to 5410. Closing below this support may slip the nifty future till the level of 5350 in near run. For trading we already recommend buy on dips until it close below 5350 for the targets of 5600,5700 in near term.

Sensex witnessed the volatile session but still holding upper levels. In the upside the next resistance zone for Sensex seems to be at the levels of 18450 to 18500. Decisive closing above this resistance zone may take up it till the level of 18800 in near run. In the downside it is getting the short term support in the zone of 17800 to 17850. Decisive closing below this support may drag it till the lower level of 17400 in near term.

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Bank Nifty Tips For Friday 3rd September 2010

Bank nifty future made the strong come back from the lower levels & now looking strong for some more upmoves. In the upside it might moves towards the level of 11100  to 11110 which is the short term resistance zone for bank nifty future. decisive closing above this resistance zone may lead the bank nifty future for the level of 11500 in short term.

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Bank Nifty Recommendations- Position for Tomorrow

Bank nifty made the positive trading session today and now may face the immediate resistance close to the levels of 10940 to 10950. decisive closing above this resistance zone may lead the bank nifty future for the level of 11200 in near run. some of the banking stock which might make upside moves are Allahabad bank, Canara bank, OBC. In the downside the Bank nifty future is having the short term support close to the level of 10500.

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Nifty Levels for Thursday 2nd September 2010

  Nifty made the strong upside session today and close in the green zone. The next key resistance for nifty future seems to be at the level of 5550. Decisive closing above this resistance may lead the nifty future for the level of 5700 in near run. In the downside the key short term support seems to be at the levels of 5350 to 5355. Decisive closing below this support zone may slip the nifty future till the levels of 5295 to 5300 in near run. For trading we already recommend buy on dips until it close below 5350 for the targets of 5550, 5600.

Sensex may face the next 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 17800 to 17850. Closing below this support may slip it till the lower level of 17400 in near run.

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