Nifty Trading Recommendations for Tomorrow (1 June 2011)

After a flat closing yesterday, the markets staged a stellar comeback today as a lower GDP growth in March eased fears of a hawkish policy stance by the Reserve Bank at its policy meet scheduled next month. Finally at the close the S&P CNX NIFTY settled in the green, closing up 87.05 points at 5560.15 which is up 72 points from the day's low.

The Nifty futures closed and settled finally at 5552.20, up by 85.35 points or 1.56 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5570 else below support level of 5410 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5570 & above this level the next resistance is seen near the 5630 mark.

SUPPORT: It has first support close to the level of 5480 & below this level the next support is seen near 5410 mark.

In banking, CNX Bank Index gained 239.40 points or 2.22 %. Amongst the banking stocks HDFC Bank, City Union Bank and Vijaya Bank of India lead the row.

Bank Nifty Futures shut stop at 10918.50 up by 217.80 points or 2.04 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 10980 else below support level of 10730 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 10980 above this level the next resistance is seen near to the level of 11240.
SUPPORT: It has first support close to the level of 10730 & below this level the next support is seen near 10620 marks

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INTRADAY TIPS FOR TOMORROW: NSE STOCKS

Reliance Industries Ltd

Buy is advised above 947 with a stop at 931.8 for the targets of 760-965-971.
Below 928.7 go for sell target-919-909.00.


Jayprakash Associates Ltd.

Buy is advised above 83.20 with a stop below 81.9.
Below 81.80 go for sell Targets-81.00-80.00 and put stoploss above 83.



Havells India Ltd

Buy above 413.50 keeping a Stoploss below 408.20 Targets -418.00-423.50.
else below 407 go for sell target -402-398.00.

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Nifty and Bank Nifty Suport and Resistance levels for 31 May 2011

 The Indian markets started the week with a bang where the key benchmark indices opened at their highest levels in more than a week on the back of positive Asian cues. Finally the S&P CNX NIFTY settled in the red, closing down -3 points at 5473.10 which is down 53 points from the day's high.

The Nifty futures closed and settled finally at 5467, up by 0.65 points or 0.01 %. It is looking bearish in the coming trading session if it manages to trade support level of 5410 else above resistance level of 5540 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5540 & above this level the next resistance is seen near the 5630 mark.

SUPPORT: It has first support close to the level of 5410 & below this level the next support is seen near 5320 mark

In banking, CNX Bank Index gained 58.80 points or 0.55 %. Amongst the banking stocks Karnataka Bank, Union Bank of India and Central Bank of India lead the row.

Bank Nifty Futures shut stop at 10702 up by 63.45 points or 0.60 %. It is looking bearish in the coming trading session if it manages to trade support level of 10620 else above resistance level of 10750 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 10750 above this level the next resistance is seen near to the level of 10980.
SUPPORT: It has first support close to the level of 10620 & below this level the next support is seen near 10430 marks.

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Nifty Trading Levels: 30 May 2011

The S&P CNX Nifty added 63 points or 1.18 % to close at 5476.10.  

The Nifty futures closed and settled finally at 5472, up by 81.35 points or 1.51 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5490 else below support level of 5415 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5490 & above this level the next resistance is seen near the 5530 mark.

SUPPORT: It has first support close to the level of 5415 & below this level the next support is seen near 5310 mark.

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Bank Nifty Futures Trend for Next week

Today (27 may, 11') CNX Bank Index gained 254.35 points or 2.43 %. Amongst the banking stocks Allahabad Bank, Vijaya Bank and Central Bank of India lead the row.

Bank Nifty Futures closed at 10638.55 with the gain of 254.80 points or 2.45 %. It is looking bullish for the coming trading sessions if it manages to trade above the resistance level of 10682 else below support level of 10430 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 10682 above this level the next resistance is seen near to the level of 10750.

SUPPORT: It has first support close to the level of 10430 & below this level the next support is seen near 10330 marks

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Market Updates and Nifty Outlook for 27 May 2011

Markets bounced back after Wednesday's drubbing and closed near the days high tracking firm Asian peers and buying interest in oil & gas shares. The S&P CNX Nifty ended at 5412.35, up by 63.40 points or 1.19 %.
The Nifty futures closed and settled finally at 5412.55, up by 63.10 points or 1.18 %. It is looking bearish in the coming trading session if it manages to trade support level of 5350 else above resistance level of 5420 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5420 & above this level the next resistance is seen near the 5530 mark.

SUPPORT: It has first support close to the level of 5350 & below this level the next support is seen near 5300 mark.

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Bank Nifty Levels for Friday 27 May 2011

In banking, CNX Bank Index gained 112.50 points or 1.09 %. Amongst the banking stocks Punjab National Bank, Axis Bank and Dhanlaxmi Bank lead the row.

Bank Nifty Futures shut stop at 10469.95 up by 105.30 points or 1.02 %. It is looking bearish in the coming trading session if it manages to trade support level of 10330 else above resistance level of 10525 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 10525 above this level the next resistance is seen near to the level of 10750.

SUPPORT: It has first support close to the level of 10330 & below this level the next support is seen near 10170 marks

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Nifty Trading Range For Tomorrow (26 May 2011)

Indian markets ended in the negative territory as traders squared off positions ahead of May series expiry. Weak cues from global markets also hurt sentiments. The S&P CNX Nifty ended at 5348.95, down -45.90 points or -0.85 %.
The Nifty futures closed and settled finally at 5349.45, down by -38.40 points or -0.71 %. It is looking bearish in the coming trading session if it manages to trade support level of 5310 else above resistance level of 5375 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5375 & above this level the next resistance is seen near the 5440 mark.

SUPPORT: It has first support close to the level of 5310 & below this level the next support is seen near 5175 mark.

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Today's Market Updates: Bank Nifty Trend for 26 May 2011

In banking, CNX Bank Index lost -69.75 points or -0.67 %. Amongst the banking stocks Vijaya Bank, Central Bank and Union Bank of India lead the row.

Bank Nifty Futures shut stop at 10364.65 down by -64.20 points or -0.62 %. It is looking bearish in the coming trading session if it manages to trade support level of 10330 else above resistance level of 10440 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 10440 above this level the next resistance is seen near to the level of 10600.
SUPPORT: It has first support close to the level of 10330 & below this level the next support is seen near 10170 marks.

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Today's Market Updates and Nifty Prediction For Tomorrow

Benchmarks ended choppy session on a positive due to lack of buying conviction amongst investors in absence of any trigger to drive the market. Losses in FMCG, realty and metals were offset by gains in capital goods, banks and pharmaceutical stocks. The S&P CNX Nifty ended at 5394.85, up 8.30 points or 0.15 %.
The Nifty futures closed and settled finally at 5387.85, up by 4.40 points or 0.08 %. It is looking bearish in the coming trading session if it manages to trade support level of 5350 else above resistance level of 5440 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5440 & above this level the next resistance is seen near the 5540 mark.  

SUPPORT: It has first support close to the level of 5350 & below this level the next support is seen near 5230 mark.

Visit  Free Intraday Tips for Tomorrow   page to get Free Stock Tips

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Bank Nifty Technical Outlook for 25 May 2011

In banking, CNX Bank Index gained 57.30 points or 0.55 %. Amongst the banking stocks Yes Bank, Canara Bank and Oriental Bank of Commerce lead the row.

Bank Nifty Futures shut stop at 10428.85 up by 70.55 points or 0.68 %. It is looking bearish in the coming trading session if it manages to trade support level of 10330 else above resistance level of 10525 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 10525 above this level the next resistance is seen near to the level of 10545.
SUPPORT: It has first support close to the level of 10330 & below this level the next support is seen near 10210 marks.

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Nifty Technical Outlook: Tuesday 24 May 2011

Due to investors weak sentiments amid expectations of further rise in interest rates, The NSE benchmark index closed below crucial 5400 Mark. The S&P CNX Nifty ended at 5386.55, down -99.80 points or 1.82 %.

The Nifty futures closed and settled finally at 5382, up by -102.60 points or 1.87 %. It is looking bearish in the coming trading session if it manages to trade support level of 5350 else above resistance level of 5440 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5440 & above this level the next resistance is seen near the 5540 mark.

SUPPORT: It has first support close to the level of 5350 & below this level the next support is seen near 5230 mark.

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Intraday Bank Nifty Levels (Tuesday 24 May)

In banking, CNX Bank Index gained -295.85 points or -2.77 %. Amongst the banking stocks Canara Bank, Central Bank and ICICI Bank lead the row.

Bank Nifty Futures shut stop at 10330 down by -336.25 points or -3.15 %. It is looking bearish in the coming trading session if it manages to trade support level of 10260 else above resistance level of 10600 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 10600 above this level the next resistance is seen near to the level of 10750.
SUPPORT: It has first support close to the level of 10260 & below this level the next support is seen near 10000 marks.

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Nifty Technical Levels for 23 May 2011

The Nifty index opened in the green, tracking positive Asian peers and crept higher led by gains in front line stocks Larsen & Tourbo, HDFC, ICICI Bank and HDFC Bank. The S&P CNX Nifty ended at 5486.35, up 58.25 points or 1.07 %.
The Nifty futures closed and settled finally at 5484.60, up by 59.80 points or 1.10 %. It is looking bullish in the coming trading session if it manages to trade below the support level of 5385 else above resistance level of 5540 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5540 & above this level the next resistance is seen near the 5625 mark.
SUPPORT: It has first support close to the level of 5385 & below this level the next support is seen near 5310 mark.

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Bank Nifty View for Next Week (Monday 23 May)

CNX Bank Index gained 105.75 points or 1 %. Amongst the banking stocks Lakshmi Vilas Bank, UCO Bank and Bank of India lead the row.
 

Bank Nifty Futures shut stop at 10666.25 up by 120.65 points or 1.14 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 10745 else below support level of 10510 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 10745 above this level the next resistance is seen near to the level of 10980.
SUPPORT: It has first support close to the level of 10510 & below this level the next support is seen near 10370 marks.

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Nifty Trend for Tomorrow 20 May 2011

Markets edged higher in the afternoon session and ended the day on a positive note after engineering conglomerate L&T (Larsen & Tourbo) reported 17% rise in the fourth quarter profit. The S&P CNX Nifty ended at 5,428.10, up 7.50 points or 0.14 %.
The Nifty futures closed and settled finally at 5424.80, up by 0.75 points or 0.01 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5385 else above resistance level of 5465 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5465 & above this level the next resistance is seen near the 5540 mark.
SUPPORT: It has first support close to the level of 5385 & below this level the next support is seen near 5310 mark.

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Bank Nifty Futures: Intraday Levels for tomorrow 20 May 2011

In banking, CNX Bank Index lost -40.70 points or -0.38 %. Amongst the banking stocks State Bank of Travancore, Dena Bank and Allahabad Bank lead the row.

Bank Nifty Futures shut stop at 10545.60 down by -52 points or -0.49 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10510 else above resistance level of 10685 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 10685 above this level the next resistance is seen near to the level of 10940.
SUPPORT: It has first support close to the level of 10510 & below this level the next support is seen near 10370 marks

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Nifty Futures- Intraday Outlook For Tomorrow

The markets closed in the red for the third consecutive day of the week as heavyweights RIL, SBI and ONGC witnessed selling pressure through the day. The S&P CNX Nifty closed the day down -18.35 points or -18.35 % at 5420.60.
The Nifty futures closed and settled finally at 5424.05, down by -23.35 or -0.43 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5380 else above resistance level of 5465 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5465 & above this level the next resistance is seen near the 5540 mark.
SUPPORT: It has first support close to the level of 5380 & below this level the next support is seen near 5310 mark.

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Bank Nifty View for 19 May 2011

CNX Bank Index lost -243.50 points or -2.23 %. Amongst the banking stocks Canara Bank, Dena Bank and State Bank of India lead the row.

Bank Nifty Futures shut stop at 10661.05 down by -210.25 points or -1.93 % It is looking bearish in the coming trading session if it manages to trade below the support level of 10520 else above resistance level of 10685 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 10685 above this level the next resistance is seen near to the level of 10980.
SUPPORT: It has first support close to the level of 10520 & below this level the next support is seen near 10370 marks.

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Nifty Futures: Market Prediction for tomorrow (18 May 2011)

Nifty extended losses to more than 1 percent on Tuesday afternoon after the country's top lender, State Bank of India, reported an unexpected sharp plunge in quarterly net profit. The markets continue to trade in the negative with S&P CNX Nifty down -60.05 points or -1.09 % at 5438.95.
The Nifty futures closed and settled finally at 5447.40, down by -41.30 or -0.75 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5410 else above resistance level of 5540 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5540 & above this level the next resistance is seen near the 5625 mark.
SUPPORT: It has first support close to the level of 5410 & below this level the next support is seen near 5310 mark.

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Bank Nifty Intraday Leves for 18 May 2011

In banking, CNX Bank Index lost -243.50 points or -2.23 %. Amongst the banking stocks State Bank of India, Bank of Baroda and Vijaya Bank lead the row.

Bank Nifty Futures shut stop at 10661.05 down by -210.25 points or -1.93 % It is looking bearish in the coming trading session if it manages to trade below the support level of 10585 else above resistance level of 10940 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 10940 above this level the next resistance is seen near to the level of 11240.
SUPPORT: It has first support close to the level of 10585 & below this level the next support is seen near 10370 marks.

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Intrdaay Tips for Tomorrow- 17 May 2011

Nifty Futures-

Sell Nifty Futures below Rs 5470 for target of Rs 5435-5410 and stop loss of above Rs 5495.

else (If market trades positive)

Buy Above 5510 for the Targets of 5545-5590 stoploss below 5480

Bank Nifty Futures-

Sell Bank Nifty Futures below Rs 10820 for target of Rs 10750-10720 and stop loss above of Rs 10875.

Else buy above 1095 target 10950-11000 SL-10875.

Intraday Stock tips for Tomorrow 

Buy Lupin above 450.30 Target-455.00-460.00 Stop-loss- 444.00

Buy Deepak Fertilizers above 173.10 Target 175.20-176.40 Stop-loss-170.70

IRB Infra buy above 169.80 Taarget 171.40-172.80 SL-166.00

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Intraday Nifty Tips for Monday

The S&P CNX Nifty closed down -78.90 points or -1.40 % to 5586.15.

The Nifty futures closed and settled finally at 5486.60, down by -78.05 or -1.40 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5440 above the resistance level of 5580 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5580 & above this level the next resistance is seen near the 5730 mark.

SUPPORT: It has first support close to the level of 5440 & below this level the next support is seen near 5350 mark.

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Bank Nifty Futures For Monday 16 May 2011

CNX Bank Index lost -171.60 points or -1.55 % on yesterday's trading session.  Allahabad Bank, ING Vysya Bank and yes bank were the top gainers in Bank Shares.

Bank Nifty yesterday closed at 10875.30 down by 164.25 points or -1.55 %
.It is still seems to be bearish in near term  if it is able to sustain below the support level of 10780. 

Above resistance level of 11120 it might catch the rally. 

RESISTANCE: It has first resistance close to the level of 11120 above this level the next resistance is seen near to the level of 11240.

SUPPORT: It has first support close to the level of 10780& below this level the next support is seen near 10690 marks

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Intraday Nifty Levels for 13 May 2011

The S&P CNX Nifty closed down -78.90 points or -1.40 % at 5586.15. The Nifty went red due to fall in Sterlite Industries, Hindalco, Sesa Goa, HDFC Bank, Power Grid Corp. etc.

The Nifty futures closed and settled finally at 5486.60, down by -78.05 or -1.40 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5440 above the resistance level of 5580 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5580 & above this level the next resistance is seen near the 5730 mark.
SUPPORT: It has first support close to the level of 5440 & below this level the next support is seen near 5350 mark.

FREE TRADING TIPS ON MOBILE 

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Bank Nifty Futures Today And Prediction for Tomorrow

CNX Bank Index lost -171.60 points ( -1.55 %) . Amongst the banking stocks Allahabad Bank, Yes Bank and ING Vysya Bank lead the row.

HDFC, ICICI Bank, SBI, HDFC Bank shares Caused the Bank Nifty to batter down.

Bank Nifty Futures shut stop at 10875.30 down by 164.25 points or -1.55 % It is looking bearish in the coming trading session if it manages to trade below the support level of 10780 else above resistance level of 11120 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 11120 above this level the next resistance is seen near to the level of 11240.
SUPPORT: It has first support close to the level of 10780& below this level the next support is seen near 10690 marks.

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INTRADAY TIPS FOR TODAY| Nifty Futures and Stock Intraday tips for 12 May 2011

Intraday Nifty and Bank Nifty Tips

Buy Nifty Around 5530 (on dips) For the targets- 5560-5580-5600 Stoposs 5480

Sell bank Nifty Futures around 10980 for target- 10720 SL-11080.


Stock Intraday Tips for Today

Apollo Tyres-

Buy Above 71.55 Target-72.30-73.20 SL-69.35

Glenmark Pharm

Buy Glenmark Pharma above 273.1 For the target of 275.65-278.20-280.00 Stoploss 268.70


Mastek Ltd.-

Sell Mastek Ltd if trades below 107.20 for the Target of 104-102.00

Buy Above 114.20 for the targets of 116.20-118-120.00 SL-110.00

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Nifty Trend and Technical Levels for 12 May 2011

The markets closed marginally higher on the third consecutive day of lackluster trades where the markets were mainly moving sideways. The S&P CNX Nifty closed up 23.80 points or 0.43 % at 5565.05.
The Nifty futures closed and settled finally at 5562.80, down by 17 or 0.31 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5605 else below support level of 5510 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5605 & above this level the next resistance is seen near the 5730 mark.
SUPPORT: It has first support close to the level of 5500 & below this level the next support is seen near 5440 mark.

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Bank Nifty Intraday Tips for Tomorrow

CNX Bank Index today  gained 49.65 points (+ 0.45 %) . Amongst the banking stocks ING Vysya, South India and Yes Bank were the top gainers.

Bank Nifty Futures closed at 11039.55 down 17.85 points or 0.16 % It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11120 else below support level of 10900 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 11120 above this level the next resistance is seen near to the level of 11240.
SUPPORT: It has first support close to the level of 11900 & below this level the next support is seen near 10780 marks.

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Intraday Tips for Today

LIC Housing Finance Ltd-

Buy above 211.10 target 214.00-215.50 Stop-loss- 206.90

Jindal Steel & Power Ltd

Buy above 635.35 Target 642.10- 645.75 SL- 628.70


GSPL-
Buy above 98.15 Target -99.05- 99.95-101.50 SL-96.65

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Nifty Prediction for 11 May 2011

The markets closed flat for the second consecutive day with bouts of volatility witnessed throughout the day. The S&P CNX Nifty closed down -9.85 points at 5541.25, down 51 points from the day’s high.

The Nifty futures closed and settled finally at 5545.80, down by 12.85 or -0.23 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5500 else above resistance level of 5595 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5605 & above this level the next resistance is seen near the 5730 mark.
SUPPORT: It has first support close to the level of 5500 & below this level the next support is seen near 5440 mark.

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Intraday Bank Nifty Levels for Wednesday 11 May 2011

In banking, CNX Bank Index lost -67.10 points or -0.61 %. Amongst the banking stocks Kotak Mahindra Bank, HDFC Bank and Canara Bank lead the row.

Bank Nifty Futures shut stop at 11021.70 down by -61.80 % points or -0.56 % It is looking bearish in the coming trading session if it manages to trade below the support level of 11950 else above resistance level of 11240 it would be in a upward trend.

RESISTANCE: It has first resistance close to the level of 11240 above this level the next resistance is seen near to the level of 11730.
SUPPORT: It has first support close to the level of 10950 & below this level the next support is seen near 10690 marks.

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Nifty Technical View for 10 May 2011

The markets ended on a flat note today, after gyrating between zones during intra-day trades. The S&P CNX Nifty was down -0.35 points at 5551.10, after having recovered 48 points from the day's low of 5502.40. The international cues were not encouraging either.

The Nifty futures closed and settled finally at 5558.65, up by 3.65 or 0.07 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5500 else above resistance level of 5595 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5595 & above this level the next resistance is seen near the 5730 mark.
SUPPORT: It has first support close to the level of 5500 & below this level the next support is seen near 5350 mark.

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Bank Nifty Futures View for 10 May 2011

In banking, CNX Bank Index lost -68.60 points or -0.62 %. Amongst the banking stocks Oriental Bank of Commerce, Vijaya Bank and Bank of India lead the row.

Bank Nifty Futures shut stop at 11083.50 down by -60.40 % points or -0.54 % It is looking bearish in the coming trading session if it manages to trade below the support level of 11950 else above resistance level of 11240 it would be in a upward trend.

RESISTANCE: It has first resistance close to the level of 11240 above this level the next resistance is seen near to the level of 11730.
SUPPORT: It has first support close to the level of 10950 & below this level the next support is seen near 10690 marks.

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Nifty View for Monday 9 May 2011

The NSE benchmark S&P CNX Nifty snapped its nine-session losing streak by gaining 91.60 points in early trade on Friday on renewed buying on easing of macroeconomic worries in view of a sharp fall in crude oil prices.

The Nifty futures closed and settled finally at 5555, down by 96.60 or -1.77 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5595 else below support level of 5415 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5595 & above this level the next resistance is seen near the 5730 mark.
SUPPORT: It has first support close to the level of 5415 & below this level the next support is seen near 5310 mark.

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Bank Nifty Levels for Monday 9 May 2011

In banking, CNX Bank Index gained 415 points or 3.87 %. Amongst the banking stocks Union Bank of India, Oriental Bank of commerce and yes Bank lead the row.

Bank Nifty Futures shut stop at 11143.90 up by 395.45 points or 3.68 % It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11775 else below support level of 10788 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 11775 above this level the next resistance is seen near to the level of 12050.
SUPPORT: It has first support close to the level of 10788 & below this level the next support is seen near 10520 marks.

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Nifty View for Tomorrow 6 May 2011

Markets were choppy for the most part of the day as investors stayed to the sidelines due to lack of direction, but heavy selling during the afternoon trades front liners- ICICI Bank, ITC,  HDFC Bank  and Bharti Airtel dragged the NSE benchmark index S&P CNX Nifty, down -77.30 points or -1.40 % at 5458.40.

The Nifty futures closed and settled finally at 5458.40, down by -79.65 or -1.44 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5440 else above resistance level of 5595 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5595 & above this level the next resistance is seen near the 5730 mark.

SUPPORT: It has first support close to the level of 5440 & below this level the next support is seen near 5350 mark.

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Bank Nifty Futures: Trend for 6 May 2011

In banking, CNX Bank Index lost 183.25 points or -1.68 %. Amongst the banking stocks Punjab National Bank, ING Vysya Bank and Vijaya Bank lead the row.

Bank Nifty Futures shut stop at 10748.45 down by 79.65 % points or 1.44 % It is looking bearish in the coming trading session if it manages to trade below the support level of 10690 else above resistance level of 11010 it would be in a upward trend.

RESISTANCE: It has first resistance close to the level of 11010 above this level the next resistance is seen near to the level of 11380.
SUPPORT: It has first support close to the level of 10690 & below this level the next support is seen near 10520 marks.

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Intraday Tips for Today - Hot Stocks For Day trading

Essar Oil Ltd.

Buy above 132.85 for the targets 133.90-134.20 Stop-loss-131.35
else if trades below 131.05 go for sell targets 130.00-129.25 Stop-loss- 132.85


IRB Infrastructure

Buy above 167.10 For the targets- 168.30-169.20-170 Stop-loss-165.25
If trades below 162.25 go for sell Targets- 160.80-160.00 SL-167.45


ITC Ltd.
Buy ITC around 185.50-186 (On dips) for the targets- 187.50-188.30-189.45

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Nifty Intraday Position For 5th May 2011

After a brief stint in the green, the Nifty has slipped into the negative on the back of selling pressure seen in IT and Auto space. The NSE benchmark index S&P CNX Nifty, down -28.10 points or -0.50 % at 5537.15.

The Nifty futures closed and settled finally at 5536, down by -32.70 or -0.59 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5510 else above resistance level of 5595 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5595 & above this level the next resistance is seen near the 5726 mark.

SUPPORT: It has first support close to the level of 5510 & below this level the next support is seen near 5415 mark.

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Intraday Bank Nifty Levels for 5th May 2011

In banking, CNX Bank Index gained 15.05 points or -0.14 %. Amongst the banking stocks Bank of India, Union Bank of India and Indian Overseas Bank lead the row.

Bank Nifty Futures shut stop at 10938.05 up by 19.20 % points or 0.18 % It is looking bearish in the coming trading session if it manages to trade below the support level of 10830 else above resistance level of 11050 it would be in a upward trend.

RESISTANCE: It has first resistance close to the level of 11050 above this level the next resistance is seen near to the level of 11380.
SUPPORT: It has first support close to the level of 10830 & below this level the next support is seen near 10610 marks.

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FREE INTRADAY TIPS FOR TODAY

Hindustan Copper
Sell  Below 279.70 Targets- 276.10-274.00
Above 286 go for buy Target- 289.00-292.80


United Phosphorus
Buy @ 150 Target- 152.20-153.70 stoploss- 148.25
Below 148.20 Go for sell Targets- 145.00

Mahindra Satyam
Buy above 75.1 with a stop at 72.8
Below 72.5 go for sell Target 71.60-71.00

Dr Reddy's Lab
Buy above 1692 Targets- 1710-1729.00 Stoploss 1670

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INTRADAY NIFTY TIPS FOR TOMORROW

The markets had a disastrous session of trade as the banking regulator's move to hike the interest rates by 50 basis points, led to a trail of selling in the rate-sensitive space. The NSE benchmark index S&P CNX Nifty, down -136.05 points or -2.39 % at 5565.25.

The Nifty futures closed and settled finally at 5562.25, down by -163.15 or -2.85 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5510 else above resistance level of 5726 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5726 & above this level the next resistance is seen near the 5790 mark.
SUPPORT: It has first support close to the level of 5510 & below this level the next support is seen near 5415 mark.

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Bank Nifty Futures Trend for 4 May 2011

CNX Bank Index lost -345.50 points or -3.07 %. Amongst the banking stocks Bank of India, Union Bank of India and Indian Overseas Bank lead the row.

Bank Nifty Futures shut stop at 10918.85 down by -365.15 points or -3.24 % It is looking bearish in the coming trading session if it manages to trade below the support level of 10860 else above resistance level of 11380 it would be in a upward trend.

RESISTANCE: It has first resistance close to the level of 11380 above this level the next resistance is seen near to the level of 11590.
SUPPORT: It has first support close to the level of 10860 & below this level the next support is seen near 10690 marks.

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NIifty Position For 3 May 2011

The NSE benchmark index S&P CNX Nifty, down -48.20 points or -0.84 % at 5704.30, on the first trading day of the week on the back of selling pressure witnessed in the banking and consumer durables space.

The Nifty futures closed and settled finally at 5725.40, down by 28.40 or -0.49 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5660 else above resistance level of 5790 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5790 & above this level the next resistance is seen near the 5950 mark.
SUPPORT: It has first support close to the level of 5660 & below this level the next support is seen near 5570 mark.

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INTRADAY BANK NIFTY TIPS FOR 3 May 2011

In banking, CNX Bank Index lost -239.95 points or -2.09 %. Amongst the banking stocks Bank of India, Vijaya Bank and United Bank of India lead the row.

Bank Nifty Futures shut stop at 11284 down by -227.75 points or -1.98 % It is looking bearish in the coming trading session if it manages to trade below the support level of 11225 else above resistance level of 11590 it would be in a upward trend.

RESISTANCE: It has first resistance close to the level of 11590 above this level the next resistance is seen near to the level of 11775.
SUPPORT: It has first support close to the level of 11225 & below this level the next support is seen near 11150 marks.

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