Nifty Outlook For Monday: Intraday levels (1 August 2011)

The Spot Nifty is now at 5482 – down -5.75 points or -0.10 % from its previous close.

Nifty Futures on Friday settled at 5490.55 down by -8.15 or -0.15 %.

Now some short recoveries can be seen in coming trading sessions. 5500 is still acting as a crucial level for the market as Nifty is hovering more or less around the same level. It may face its first resistance at 5509 and next resistance level is seen near 5529 for Intraday.

Suport levels are- 5472-5440.

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Bank Nifty Tips for Monday ( 1st August 2011)

In banking, CNX Bank Index gained 65.15 points or 0.60 %. Amongst the banking index Dena Bank, Axis Bank and Syndicate Bank lead the row.

Bank Nifty Futures ended at 10926.50 up by 62 points or 0.57 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10760 else above resistance level of 10980 it would be in an upward 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 11130.
SUPPORT: It has first support close to the level of 10760 & below this level the next support is seen near 10600 marks.

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Nifty Intraday Tips: Market Trend For 29 July 2011

Indian markets still could not get over the effect of RBI monitory policy and continued its bearish trend on third consecutive day. The 50 shares Nifty went down by 56.05 to close below 5500 mark at 5487.75. Out of 50 stocks in NSE Nifty, 37 ended in red zone.

The Futures derivative of NSE index (Nifty Futures) dropped 59.65 points and closed at 5488.25 down by 1.08%. Now the market may take a recovery move from here and some upside levels may be seen in near term. The crucial support level for downside is seen near 5440-20 and I nifty breaks the same, it can suffer some serious sell offs. Resistance is residing near 5500-5522 levels.
for day traders It is advisable to Buy Nifty above 5510 for the targets of 5540-5567 with strict stop loss.

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Nifty Futures tips: Intraday Levels for 28 July

Like we said on our earlier post It was a Choppy trade for Indian Markets and NSE's Nifty closed it session On Monday in Negative terrain after a loss of 28.05 Points. Nifty closed at 5546.80.

Nifty futures lost 26.55 points to end at 5547.80 and now Nifty can trade higher if it manages to stay above 5570 level. It can face the firts resitance near 5567 marke above which the next resistance could fall close to the lavel of 5685.

Below 5527 Some selling pressure could be seen and Nifty can fall down to 5510-5500 mark.

Support Range for Nifty is 5528-5510.

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3 Golden Rules for Intraday Trading (Day Trading) Unveiled

3 Golden Rule for Intrdaday Trading

1. Do not go for long targets. Better choose 2-3 stocks a day and set small targets for them and make a significant profit altogether. An experienced Intraday trader follows the strategy of multiplying small profit to larger number of trades.

'Rome was not built in day' – you can not expect to double your money in a single day trade.

2. WWE Strategy -Wait, Watch and Enter/Exit . For a successful day trade perfect time for 'enter in' and 'exit out' plays the most important role. An intraday trading basically depends upon the -

a. Volatility and expected price range of the stock for a particular day.

b. Liquidity which allows you to enter or exit a stock at the price when it is expected to give the maximum outcome.

Therefore to achieve a good day profit first watch the stock which may fetch good return in intraday, watch out the trend and then make a trade on it as per the trend (enter or exit).

3. Do not trade solely on the basis of technical charts/levels or trend. Global uncertainties can reverse your expectation in any fraction of time during the trade. Also clear up all your trades before the session get closed because a single bad news over the night can move the price of a stock dramatically.

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Market Trend Tomorrow- Nifty Levels for 27 July 2011

RBI's Credit policy announcement had an adverse effect on Indian benchmark indices and National Stock exchange's Nifty Had to tumble 1.86%. Nifty lost 105.45 points to close at 5574.85.

The Nifty Futures shut shop at 5577.30 down by -113.35 or -1.99 %.

On Wednesday, the market is likely to face a choppy session and Nifty futures may remain consolidated until it breaches the crucial 5616 mark on the upside.

More selling pressure could be seen below 5530 mark.

Support and Resistance zone for Nifty are seen as 5535- 5595 and 5516-5655.

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Nifty Intraday Tips: tomorrow Market Updates (26 July 2011)

The market extended it uptrend on Monday prior to the RBI policy meet tomorrow. Nifty Spot added 46.35 more points to it and closed at 5680.30 with a gain of 0.75%.

Nifty Futures surged 42.15 points and settled at 5687.70. Now if Nifty breaks 5742 level, it may go further up to 5785.

For coming session the resistance for Nifty is lying in the range of 5717.50- 5742 whereas support levels are- 5665-5640.

Intraday traders can long Nifty futures above 5715 for the targets of 5740-5765-85

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Bank Nifty Updates: Levels for 26 july

In banking, CNX Bank Index rallied 99.85 points and gained almost  1% ( 0.88 %) . Amongst the banking index Oriental Bank of Commerce, Punjab National Bank and Axis Bank were the top gainers on Monday.

Bank Nifty Futures shut shop at 11399.25 up by 88.65 or 0.78 %. In the coming trading session if it manages to trade above  11495 mark, it could see some more upside levels else below support level of 11240 it would be in a bearish trend. 

RESISTANCE: It has first resistance for bank nifty is seen near 11495 above this level the next resistance  11780.

SUPPORT: It has first support close to the level of 11240 & below this level the next support is seen near 10975 marks.

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Market Prediction : Intraday Nifty For 25 July 2011

It was a sudden up move for the market on Last trading day of the week and Nifty ended with very positive note due to firm global cues. Nifty could able to cross 5600 mark and with a gain of 92.35 point, closed at 5633.95. Though it was a good move but it can not said to be breakout for the market to catch the rally. Global concerns are still there and market may take even reverse move from here.
Futures derivative of NSE Index also rose up by 97.40 points and finally settled at 5641.60 .
Technically first crucial resistance is likely to fall near 5670 above which Nifty futures may test levels like 5690-5720. Below 5600 it may fall down to 5570 mark.

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Bank Nifty Tips: Intraday Technical Outlook (25 July 2011)

In banking, CNX Bank Index gained 242.15 points or 2.19 %. Amongst the banking index Union Bank of India, Axis Bank and ICICI Bank lead the row.

Bank Nifty Futures closed at 11310.60 up by 243.15 or 2.20 %. It is looking positive in the coming trading session if it manages to trade above the resistance level of 11405 else below support level of 11110 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 11405 above this level the next resistance is seen near to the level of 11500.
SUPPORT: It has first support close to the level of 11110 & below this level the next support is seen near 10975 marks.

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Market Prediction: Nifty Intraday Updates for 22 July

The Indian benchmark indices ended in red on Thursday due to decline in heavyweight stocks and weak global cues. The Nse index ended at 5541.60 down by 25.45 points.

Nifty futures lost 22.50 points and settled finally at 5547.05. A bearish trend is anticipated for Nifty tomorrow if it trades below 5490 mark while above 5590 it is likely to be in bullish run.
Support and Resistance zones for Nifty are 5514-5490 and 5573-5590 respectively.

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BankNifty Updates: Indian Market for 22 July

Bank Nifty futures Lost 114.90 Points or 1.03%. and closed at 11049.80. Kotak Mahindra Bank, Axis, PNB and INDBI were the tip looser in banking stocks.

Bank Nifty Futures also dropped almost 1% and settled at 11077 with a loss of 102.45 points. On the downside 10970 is looking very crucial level for bank nifty because if BankNifty trades below the same it may see some serious sell offs. To negate the bearish view 11230 will act as major resistance level for upside.

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Market Updates: Nifty Intraday Levels (21 July 2011)

Despite of positive Global cues the market shaved off all the morning gains and ended in red terrain. After making day high of 5647.35 in early hours of the session Nifty started falling till 92.25 and touched an intraday low of 5555.10 mark then finally Closed at 5567.05 down by 46.50 points from its previous close.

Nifty Futures closed at 5565.90 and dragged 58.40 points behind the previous close.

It is likely to trade in narrow range of 5545-5660 and below 5545 its is likely to trade with negative bias. A move above 5600 mark may bring some momentum in Nifty to touch 5660 and 5700 mark later.

Resistance for nifty is seen near 5660 mark above which the next resistance is 5720.

Support range for Nifty is 5545-5480

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Nifty Futures: Intraday Tips for Today (20 July 2011)

The consolidation phase of market was breached today and Nifty could manage to touch 5600 mark on Tuesday. Nifty Futures gained 46.25 points to close at 5619.00 mark.Market is likely to remain range-bound to slight bull for the day but an unexpected move above 5655 may empower Nifty to move on higher levels and it may touch 5675-5700 levels. Below 5595 Nifty futures may drag to 5570-5538 Levels.

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Bank Nifty Tips: Market Prediction for 20 July

CNX Bank Index gained 85 points or 0.76 % on Tuesday. ING Vysya Bank, State Bank of Bikaner & Jaipur and Vijaya Bank were the top gainers in Bank Nifty.

Bank Nifty Futures On Tuesday rallied 97.60  and settled at 11347 up by 0.87 %. Now If it trades above the resistance level of 11405, it may see some more upside levels else below support level of 11085 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 11405 above this level the next resistance is seen near to the level of 11500.
SUPPORT: It has first support close to the level of 11200 & below this level the next support is seen near 11080 marks.

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Nifty Intraday Tips: trend for 19 July 2011

A moderate sell off was seen by Indian markets today due to weak global cues. It was a choppy session for Nifty and make ended the second consecutive day with consolidation mode and The S&P CNX Nifty closed at 5567.05 and dragged -14.05 points or -0.25 %.

Nifty Futures lost 17.55 points and finally settled at 5569.40.

From here A slight bull trend is seen in market and If Nifty Futures trades above 5580 then it may touch 5600 mark again. And a broad bullish run can be seen above 5621 level.
Below 5555 nifty is looking bearish.

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Bank Nifty Support and Resistance for 19 July 2011

The Bank Nifty Index lost -5.70 points or -0.05 %. Amongst the banking index stocks Dhanlaxmi Bank, ICICI Bank and State Bank of Travancore lead the row.

Bank Nifty Futures settled at 11249.40 up by 3.25 or 0.03 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11405 else below support level of 11085 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 11405 above this level the next resistance is seen near to the level of 11500.
SUPPORT: It has first support close to the level of 11200 & below this level the next support is seen near 10975 marks.

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Market View Today and Nifty Levels for For 18 July

After Making intraday high during the opening hours, the market slipped into red zone due to fall in auto and metal stocks. The Nifty index closed below 5600 level at 5581.10 down by 18.70 points. The Intraday High and low for nifty were 5631 and 5562.75 respectively.

Nifty futures closed and settled finally at 5591.25 which was 9 points below its previous close. The market is likely to remain bearish for next trading session and if market trades below 5540, it may see some lowers levels  like 5500-5470 but an unexpected rally above 5655 may take nifty higher up-to 5700 levels.

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Nifty Intraday Tips: Market Trend for Tomorrow 15 July 2011

The market traded so unpredictably today and ended with a flat note. Strarting with negative bias, Nifty touched an intraday low of 5541.70 and then in the second half it recovered so nicely and rallied 112.25 points to make an intrday high of 5653.95 . But a sudden fall was seen in las trading hours and market ended the session in a flat note and the index finally Closed at 5599.80

Nifty Futures finally settled at 5585.10 down by 14.65 points.

From here if Nifty futures trades above 5630 level, it can see some higher levels like 5660-5685 and even 5700 later.

The crucial resistance range for Nifty is 5633-5665 and support levels are- 5565-5538.

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Bank Nifty Outlook: Technical Levels for 15 July

In banking, CNX Bank Index  rallied 121.55 points or 1.09 % on Thursday trading session. Amongst the banking  stocks Oriental Bank of Commerce, Canara Bank and Union Bank of India were the top gainers.

Bank Nifty Futures gained 74.70 (0.67 %) and finally closed at 11245 .

for tomorrow if Bank Nifty manages to stay above 11300 mark, it may go upto 11370-405 levels. Bellow 11170 it may face some downfall. 

In broad perspective resistance for Bank nifty lies in the range of 11405-11500 whereas support zone is 11085-10975. 

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Market Prediction: Nifty Intraday View for 14 July

After three consecutive negative sessions, Market on Wednesday showed a very good bounce back and with all sectors closing in green, Nifty gained a significant figure.

S&P CNX Nifty Index with gain of 1.07% scaled 59.30 points from its previous close and closed at 5585.45.

The futures derivative of the index finally settled at 5608.25 with a gain of 68.30 points (1.23 %)

Nifty is likely to remain range-bound  on Thursday as nothing in fundamentals is like which can assure a upside momentum from here. But technically if Nifty breaches 5650 level then above the same it may touch 5700-5720 levels.

Near 5560 level is residing the support level below which it may touch 5429-5400 levels.

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Market Trend- Bank Nifty Outlook for 14 July 2011

In banking, CNX Bank Index gained 119.70 points or 1.09 %. Amongst the banking index stocks Indus Bank, Indian Bank and yes Bank lead the row.

Bank Nifty Futures shut stop at 11170.30 up by 111.50 or 1.01 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11300 else below support level of 10970 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 11300 above this level the next resistance is seen near to the level of 11500.

SUPPORT: It has first support close to the level of 10970 & below this level the next support is seen near 10810 marks.

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Bank Nifty Intraday Tips: Technical Outlook

In banking, CNX Bank Index lost -112.95 points or -1.01 % and closed at 11022.55 . Indus Bank, Indian Bank and yes Bank were the top gainers in banking stocks.

Bank Nifty Futures also dragged 0.73% and closed at 11058.80 which was -81.40 below its previous close. In the coming trading sessions if it manages to trade above 11110, it may see some upside momentum else below support level of 10975 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 11110 above this level the next resistance is seen near to the level of 11200.

SUPPORT: It has first support close to the level of 10975 & below this level the next support is seen near 10810 marks.

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Market Prediction and Intarday tips for today

The weak Global market cues and weakness in IT Biggies, Reality and metals dragged the market in red zone gain and The Nifty Index lost 44.55 points to close at 5616.10.

Nifty Futures at the end of the session lost 52.05 which is almost 1% down from previous close and finally settled at 5620.05.

The market is seems like a bit more corrective and market can open with a flat note to continue with some correction.

For downside 5600 will act as crucial level below which Nifty may touch 5540 level .

5540-30 will act as good support zone for nifty.

Upside resistance is seen near 5660.

Intraday Nifty Tips-

Intraday Traders can Sell Nifty below 5604 to target 5580-5565-55 Stoploss above 5627

while above 5635 Buy Nifty for the targets of 5660-5675

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Bank Nifty Futures: Trend For 12 July

In banking, CNX Bank Index lost 149.65 points or 1.33 %. Amongst the banking index stocks Axis Bank, Vijaya Bank and Canara Bank lead the row.

Bank Nifty Futures finally settled at 11145.60 down by -176.95 or 1.56 %. For upside the crucial level for bank nifty is  11300 above which Bank Nifty is looking bullish else below support level of 11090 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 11300 above this level the next resistance is seen near to the level of 11500.
SUPPORT: It has first support close to the level of 11090 & below this level the next support is seen near 10990 marks.

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Intraday Nifty Tips for 11 July 2011

Market is expected to trade in flat note or with positive bias on Monday. The whole sentiments will depend on global cues and corporate results yet to be come.
Nifty Futures can face a downward trend if it do not sustain the 5650 level. The crucial support for Nifty is 5600, a move below which can take Nifty to fall down more.
On upside 5700-5720 are crucial levels.
Intraday Traders can buy Nifty Futures above 5678 for the targets-5700-5720-5755 Stop-loss below 5620.

Below 5600 go for sell to target 5570-5545 levels.

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Market Updates- Bank Nifty Futures Technical Outlook For Monday (11th July 2011)

CNX Bank Index rallied 143.05 points or 1.27 %. Amongst the banking index stocks IDBI Bank, Axis Bank and State B ank of India lead the row.

Bank Nifty Futures closed at 11459 up by 141.20 or 1.25 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11500 else below support level of 11270 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 11500 above this level the next resistance is seen near to the level of 11780.

SUPPORT: It has first support close to the level of 11270 & below this level the next support is seen near 11090 marks.

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Market Updates: Nifty Prediction and Technical Levels

After three days range-bound choppy sessions the Indian markets zoomed up on Thursday and gained almost 2% amid strong global cues. FII's Investment of more than 10,000 crore and heavyweight stocks like reliance industries supported the market today. Bharti Airtel, ITC, NTPC and L&T were the other leading stocks for today.
Nifty Index closed at 5728.95 and saw a rally of 103.50 points (1.84%).
The Nifty futures closed and settled finally at 5745.30 and surged 108.65 points or 1.93 %. For the time being the crucial downside level for nifty futures is 6000 as below the same Nifty may see some downfall till 5490 levels. But the upside momentum of nifty can last for one more day if it manages to stay above 5755 mark.

Technical Levels-
In broad perspective the first resistance for Nifty is 5770 close to the level of and the next resistance is seen near 5870 mark.
Support range is 5600-5490.

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Nifty Intrday Tips: Levels for today 7 July 2011

Like we said earlier the market moved in a consolidated phase on Wednesday and today also the S&P CNX Nifty index trade in very narrow range of 35-40 points. However the FII supported the market in the early hours of the session but after making a high of 5667.50 nifty dragged down to 5625.25 and closed with a loss of 6.65 points (-0.12%).

The nifty Futures also settled with moderate loss of 14.45 points and closed at 5636.65. Market is likely to be in range-bound for rest of the week also.
Resistance for Nifty is seen near 5665 above which the next resistance is 5686.
Where as the crucial support is likely to remain at 5600 level.

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Bank Nifty Futures: Technical outlook for 7th June 2011

In banking, CNX Bank Index lost -123.05 points or -1.08 %. Amongst the banking stocks Canara Bank, UCO Bank and Lakshmi Vilas Banks lead the row.

Bank Nifty Futures shut stop at 11317.80 down by -134.25 or -1.17 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11480 else below support level of 11280 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 11480 above this level the next resistance is seen near to the level of 11780.
SUPPORT: It has first support close to the level of 11280 & below this level the next support is seen near 11090 marks.

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Nifty Futures- Intraday tips (6th July 2011)

As we expected yesterday the market today faced a consolidated phase on Tuesday. Lack of global cues resulted in less volume in the market which let Nifty index to open with flat note. Nifty Index dragged 0.33% with the loss of 18.40 points.

Nifty futures settled at 5651.10 with a decline of 14.57 bearing a loss of 0.26 %.

An upside trend can be seen in Nifty if it able to break above 5674 which can lead Nifty To touch 5693-5726 level initially. Below 5600 Nifty may face downtrend.

Technical Levels-

The first resistance close to the level of 5674 & above this level the next resistance is seen near the 5700 mark.

It has first support close to the level of 5628 & below this level the next support is seen near 5600 mark. 

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Bank Nifty Levels: Market Tomorrow (6th July 2011)

In banking, CNX Bank Index gained 26.30 points or 0.23 %. Amongst the banking stocks Central Bank, State Bank of India and Bank of Baroda lead the row.

Bank Nifty Futures shut stop at 11452.05 up by 36.75 or 0.32 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11480 else below support level of 11325 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 11480 above this level the next resistance is seen near to the level of 11780.
SUPPORT: It has first support close to the level of 11325 & below this level the next support is seen near 11210 marks.

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Nifty Futures: Intraday Tips for 5th July 2011

Taking cues from global markets, the Indian benchmark index ended the first day of week with green mark. The National Stock Exchange Nifty gained 23.3 points (0.41%) today and closed at 5650.50 after making an Intraday high of 5679.65.

Reality stocks boomed up the day as the giant stocks like Reliance infrastructure and DLF added the significant contribution to the market.

While the Nifty Futures finally settled at 5665.85 up by 27.45 (+0.49%) points.

The Market may face some consolidation phase from here but if Nifty Futures manages to stay above 5678 level, a upside momentum can be seen till 5726 while below 5617 Nifty is seems to be bearish.

Technical Levels-

The First resistance is seen near 5680 above which the next resistance is close to the level of 5726.

The Support zone for Nifty Futures is likely to be 5617- 5600.

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Share Market updates: Bank Nifty Futures Prediction for 5th July 2011

In banking, CNX Bank Index gained 124.80 points or 0.09 %. Amongst the banking stocks City Union Bank, Punjab National Bank and Kotak Mahindra Banks lead the row.

Bank Nifty Futures settled at 11415.30 rallying 119.80 or 1.06 %. In coming trading session if it manages to trade above the resistance level of 11450, it may continue its uptrend else below support level of 11350, Bank Nifty is likely to face a downfall.

RESISTANCE: It has first resistance close to the level of 11450 above this level the next resistance is seen near to the level of 11780.
SUPPORT: It has first support close to the level of 11350 & below this level the next support is seen near 11090 marks.

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Bank Nifty Tips For Coming Week (Monday 4th July)

Bank Nifty gained 10.35 points or 0.09 %. Amongst the banking stocks Yes Bank, Union Bank of India and Vijaya Bank were the top gainer stocks.

Bank Nifty Futures shut stop at 11301 up by 39.95 or 0.35 %. It is likely to continue its uptrend if it positively trades above resistance level of 11350 else below support level of 11140 a downfall till 11000-10900 can be seen for near term.

RESISTANCE: It has first resistance close to the level of 11350 above this level the next resistance is seen near to the level of 11780.
SUPPORT: It has first support close to the level of 11140 & below this level the next support is seen near 10810 marks.

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