Nifty For 1 July- Technical Outlook and Market Trend

The June series made a healthy and good end and Nifty Index finally succeeded to close above 5600 mark. The market started range-bound session which lasted till late afternoon and then zoomed up as traders made new buying to rollover their position from June to July series.
The Index opened up green at 5615 and finally closed at 5647.70 rallying 46.95 points (+ 0.84%). The Intraday high and low of the day were 5,606 and 5,657 respectively.

The Nifty Futures also made an up rally of 43,70 points or 0.78% and finally settled at 5647.80.
technically the market is likely to remain positive for coming trading session if it strongly trades above 5656 level while below 5560 mark Nifty is looking bearish in broad perspective.

Technical Levels-
The Support and Resistance Zone for Nifty Futures are 5608-5560 and 5656-5702 Respectively.

Nifty Intraday Tips for Tomorrow-

Buy Nifty Futures above 5656 for the targets of 5680-5708 Stoploss below 5618

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Bank Nifty Tips for Tomorrow: Intraday Levels for 1 July

CNX Bank Nifty Index gained 91.30 points or 0.82 %. Amongst the banking stocks Central Bank, Kotak Bank and IDBI Bank lead the row.

Bank Nifty Futures finally settled 11247.75 up by 83.75 or 0.75 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11270 else below support level of 11090 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 11270 above this level the next resistance is seen near to the level of 11780.
SUPPORT: It has first support close to the level of 11090 & below this level the next support is seen near 10810 marks.

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Nifty Intraday Tips For 30 June 2011: Technical Outlook and Market prediction

The Domestic market Today was supported by the strong cues from Asian markets which prevailed the foreign investors interest and helped market to continue its upward rally. The Nifty Index finally closed near its day high at 5600.45, rallying 55.15 points with a gain of almost 1%.

The Future Derivative of NSE index (Nifty Futures) rallied up 55.08 (0.99%) and finally settled at 5604.10. It is likely to remain bullish till it manages to sustain above 5625 levels which crucial upside resistance level for tomorrow. On the downside 5490 will act as an important level below which Nifty futures could face some downward trend.

Support and Resistance levels-

First resistance for Nifty futures is seen near 5625 level above which the next major resistance is 5726 mark. On the downside the first support level is close to 5564 mark and next support is seen near 5470 level.

Nifty Intraday Tips for Tomorrow-

Buy NIFTY above 5617.50 for the targets of 5640-5665. Keep a Stop-loss below 5578 mark.

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Bank Nifty: Intraday levels for Tomorrow (30 June 2011)

In banking, CNX Bank Index gained 99.30 points or 0.90 %. Amongst the banking stocks Development Credit Bank, HDFC Bank and Lakshmi Vilas Bank lead the row.

Bank Nifty Futures shut stop at 11206.40, up by 105.35 or 0.95 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11240 else below support level of 10990 it would be in a downward 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 10990 & below this level the next support is seen near 10810 marks.

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INTRADAY TIPS FOR TODAY

Jet Airways

Buy JETAIRWAYS above 494.25 For the targets of 498-502.50 Stoplos-489.70
Below 489.50 Sell Jet Airways targets 484.50-480.00 Stoploss-494.25


India Cement Ltd-

Buy INDIACEM Ltd above 71 Target- 71.90-72.60 Stoploss- 69.65
Below 69.50 Sell It for the targets of 68.50-68.00


Indian Oil Corporation Ltd

Buy IOC above 342.55 For the targets of 346.60-349.50 Stoploss-337.70

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Nifty Intraday Tips for 29 June: Market Prediction and Technical Outlook

Market today closed with marginal gain after a choppy session. The S&p CNX Nifty in the early hours of session, touched the 5500 mark and even fall down to 5496.35 level due to profit booking but soon it recovered from this decline as a result of new buying at lower level and then continued to move sideways.

Oil and Gas stocks, Reality and FMCG were the major losers today while banking stocks, Auto sector and capital goods shares closed with significant gain.

The Nifty Futures rallied up 11.80 points and finally settled at 5646 with again of 0.21 %. Nifty futures likely to see further upside if it trades above 5560 levels which can help nifty futures to cross 5600 levels in coming trading sessions. In Broad perspective, below 5490 Nifty might face a drift down fall towards 5400 mark.

Support and Resistance for tomorrow-Technical support level for Nifty futures is seen near 5530 below which the next support level is close to 5480 mark.

Resistance for Nifty futures is seen near 5560 followed by next resistance close to 5625 mark.

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Bank Nifty Tips- Intraday levels for 29 June

In banking, CNX Bank Index gained 21.55 points or 0.20 %. Amongst the banking stocks Kotak Mahindra Bank, South Indian Bank and State Bank of Bikaner and Jaipur lead the row.

Bank Nifty Futures Today (On Tuesday) Closed at 11059.75 with the moderate gain of  0.20%. It is likely to trade with uptrend above the level of 11135 else below support level of 10990 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 11135 above this level the next resistance is seen near to the level of 11240.
SUPPORT: It has first support close to the level of 10990 & below this level the next support is seen near 10810 marks.

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Nifty Outlook For Tomorrow (28 June 2011)

Market Outlook 

Hike in diesel prices led the Oil and Gas Stocks like ONGC, BPCL, IOC and BPCL to boom up which helped in deciding the trend of market today and NSE Nifty Index closed with significant gain of 1%. Oil & Gas, banking Sector and Infrastructure stocks lead the row and Nifty could able to touch the 5,500 level. The S&P CNX Nifty closed at 5526.60, up 55.35 points or 1.01%.
The Futures Derivative of Nifty (Nifty Futures) rallied up 50.15 and finally settled at
5534.20 (+0.91%).
Now 5558 is seems to be the crucial level for upside above which Nifty can break 5600 mark. Below support level of 5445 Nifty can see downtrend.

SUPPORT & RESISTANCE: 

The firs resistance is seen near 5560 and above this level the next resistance level is 5625.
Downside support level is close to the level of 5440 and below this next resistance is seen near 5335.

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Bank Nifty Futures: Technical Levels for Tomorrow

In banking, CNX Bank Index gained 178 points or 1.64 %. Amongst the banking stocks Yes Bank, Karnataka Bank and Axis Bank lead the row.

Bank Nifty Futures shut stop at 11059.75 up by 178.95 points or 1.64 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11100 else below support level of 10810 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 11100 above this level the next resistance is seen near to the level of 11240.
SUPPORT: It has first support close to the level of 10810 & below this level the next support is seen near 10610 marks.

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Nifty Intraday Tips for 27 June: Tecnical Outlook

Indian Benchmark Indices made a strong come back after being range-bound from last few sessions. On Friday Indian markets made significant gain negating negative trend and closed in green territory.
CNX S&P Nifty touched a high of 5,477 due to rally in blue-chip giants stocks like infosys, ICICI Bank , and L&T Ltd and Finally shut closed near days high at 5471.25. Nifty gained 151.25 points with a gain of 2.84%.

Nifty Futures rallied 167.80 points and finally settled at 5484.00 with a handsome gain of 3.16%.
The near tern trend is likely to remain bullish if it manages to trade above 5505 level but if Nifty breaches the strong support level of 5355, trend may be reversal and it can test the lower levels like 5300-5255 levels.

Support and Resistance levels-
Support for Nifty Futures is seen near 5350 levels below which the next resistance is 5255.
It has first resistance close to the level of 5505 and above this level the next resistance is seen near the 5625 mark.

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Bank Nifty Fututures: Levels for Monday 27 June 2011

In banking, CNX Bank Index gained 325.05 points or 3.12 %. Amongst the banking stocks State Bank of Mysore, State Bank of India and UCO Bank lead the row.

Bank Nifty Futures shut stop at 10880.82 up by 339.70 points or 3.22 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 10990 else below support level of 10610 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 10990 above this level the next resistance is seen near to the level of 11085.

SUPPORT: It has first support close to the level of 10610 & below this level the next support is seen near 10440 marks.

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Nifty Intraday Tips for Tomorrow (24 June 2011)

Nifty opened Negative due to weak global cues after Ben Bernanke said that the US economy was weak and interest rates would remain unchanged for an extended period. The Nifty index touched a low of 5,252 in opening trades and quickly changed course on bargain buying in giant shares such as Reliance Industries, Infosys and ITC.

The S&P CNX Nifty finally closed at 5320, up 41.70 points or 0.79 %.

The Nifty futures closed and settled finally at 5319 up by 35.75 points or 0.68 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5260 else above resistance level of 5330 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5340 & above this level the next resistance is seen near the 5380 mark.
SUPPORT: It has first support close to the level of 5250 & below this level the next support is seen near 5175 mark.

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Free Intraday Tips for Today- 24 June 2011

C&C Constructions Ltd buy above 93.90 for the targets- 95.10-96.40 Stop-loss-92.80
Sell below 92.50 for the targets of 91.00-90.00


Sell JP associates below 43.50 for the targets of 43.00-42.60 Stop-loss- 44.20
above 44.40 buy JP associates for targets 45.00


Buy Sun Pharma above 491 Target- 494.50-497.00 Stop-loss- 486.20
Buy United Phosphorus Ltd for the targets of 147.50-148.00 Stop-loss- 144.70

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Bank Nifty Tips: Technical Levels for Tomorrow (24 June 2011)

In banking, CNX Bank Index gained 51.25 points or 0.49 %. Amongst the banking stocks Karnataka Bank, Lakshmi Vilas bank, UCO Bank lead the row.

Bank Nifty Futures shut stop at 10560.45 up by 68.40 points or 0.65 %. It is still looking to trade in negative zone  for  coming trading session if it fails to trade above the support level of 10430 else above resistance level of 10570 it would be in an upward trend.

RESISTANCE: The first resistance levels for Nifty is seen near 10570 and above this level the next resistance is close  to the level of 10680.
SUPPORT: It has first support close to the level of 10440 & below this level the next support is seen near 10330 marks.

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Nifty Today and Intraday Tips for 23 June 2011

The benchmark index had an insipid closing for the second consecutive trading session. In a repeat of the market behavior witnessed in the previous session, the domestic bourses were unable to sustain the gains for long. While the Asian markets maintained their momentum till close. The S&P CNX Nifty finally closed at 5278.30, up 2.45 points or 0.05 %.

The Nifty futures closed and settled finally at 5283.25 up by 5.40 points or 0.10 %. It is likely to trade negative in the coming trading session if manages to trade below the support level of 5260 else above resistance level of 5330 it would be in an upward trend. 

RESISTANCE: The first resistance is seen near 5330 and  above this level the next resistance is seen near the 5380 mark. 

SUPPORT: It has first support close to the level of 5260 & below this level the next support is seen near 5175 mark.

For Intraday Stock Tips For Tomorrow Visit- Stock Tips Page

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Bank Nifty Futures: Market Today and Levels for 23 June

In banking, CNX Bank Index gained 16.05 points or 0.15 %. Amongst the banking stocks Oriental Bank of Commerce, Canara Bank and Axis Bank lead the row.

Bank Nifty Futures shut stop at 10492.05 up by +17.85 points or 0.17 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10430 else above resistance level of 10570 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 10570 above this level the next resistance is seen near to the level of 10680.
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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Nifty Intraday Tips for 22 June 2011

The benchmark indices had gone into a tizzy in the previous session on fears that the government may re-visit the Indo -Mauritius double taxation avoidance treaty in an attempt to tax capital gains on investments routed through Mauritius. And the woes were only compounded by the weak cues from the global market front in wake of the inability of European governments to agree on a loan payment scheme to spare Greece from default. The S&P CNX Nifty finally closed at 5275.85, up 17.95 points or 0.34 %.

The Nifty futures closed and settled finally at 5276.10 up by 16.05 points or 0.31 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5175 else above resistance level of 5380 it would be in an upward trend.
RESISTANCE: It has first resistance close to the level of 5380 & above this level the next resistance is seen near the 5425 mark.
SUPPORT: It has first support close to the level of 5175 & below this level the next support is seen near 5090 mark.

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Bank Nifty Futures: Technical Levels

In banking, CNX Bank Index lost -25.15 points or 0.24 %. Amongst the banking stocks Indian Overseas Bank , Union Bank and Karur Vysya Bank lead the row.

Bank Nifty Futures shut stop at 10473 down by -29.95 points or -0.28 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10330 else above resistance level of 10650 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 10680 above this level the next resistance is seen near to the level of 10850.
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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Intraday Tips for Today (21 June 2011)

Yes Bank
Buy Yes Bank Ltd above 292.45 for the targets of 295.00-297.20 Stoploss- 289.60
below 289.20 sell for the  targets of 287-285.

Indian Cement 
Buy Indian Cement Ltd above 78.20 for the targets of 78.70-79.50-81.10 Stoploss- 77.00

Hindustan Zinc
Sell Hindustan Zinc Ltd belo 128.20 targets- 126.80-125.40 Stoploss- 129.80

Above 131.10 buy for the targets of 132.50-134.00

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Market Today and Intraday Trend For 21 June 2011

Indian benchmark index ended in Deep Red zone due to  sell-off triggered on concerns of renewed tax treaty between India and Mauritius. Reliance Infrastructure, Reliance Communications and  Reliance Industries were the Topl losers today . GTL and GTL Infrastructure plunged on multiple rumors of pledged shares being sold, FCCBs default and loan re-payment to Punjab National Bank. Technology stocks led the losses. The S&P CNX Nifty finally closed at 5257.90, down -108.50 points or -2.02 %.

The Nifty futures closed and settled finally at 5265 down by -115.10 points or -2.14 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5175 else above resistance level of 5380 it would be in an upward trend.
RESISTANCE: It has first resistance close to the level of 5380 & above this level the next resistance is seen near the 5460 mark.
SUPPORT: It has first support close to the level of 5175 & below this level the next support is seen near 5090 mark.

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Bank Nifty Futures- Technical Outlook (21 June 2011)

In banking, CNX Bank Index lost -113.95 points or -1.08 %. Amongst the banking stocks Development Credit Bank, Karnataka Bank and Indian Overseas Bank lead the row.

Bank Nifty Futures shut stop at 10502.40 down by -120.20 points or -1.13 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10330 else above resistance level of 10650 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 10650 above this level the next resistance is seen near to the level of 10850.

SUPPORT: It has first support close to the level of 10330 & below this level the next support is seen near 10090 marks

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Nifty Intraday: Market Today and Trend For 20 June 2011

The sell off in IT stocks due to worry of investors on interest rate Hike by RBI along with extended EURO debt crisis which could derail the global economic recovery forced the Indian Benchmark Index Nifty to close in red zone with a loss of 30 points or 0.56% below from where it closed yesterday. The Nifty Index finally settled at 5366.40 down by 30.35 points.

The Nifty futures closed and settled finally at 5372.70 down by -29.70 points or -0.55 %. Technically market seems to be bearish in the coming trading session if it manages to trade below the support level of 5310 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 5310 & below this level the next support is seen near 5230 mark.

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Nifty review Today and Market Trend for 17 June 2011

Markets succumbed to selling pressure in the last leg of trade after Reserve Bank of India raised rates by 25 bps which may weigh on margins and profitability of India Inc as loans would become more expensive. The S&P CNX Nifty finally closed near day’s low at 5396.75, down -50.75 points or -2.48 %.

The Nifty futures closed and settled finally at 5409 down by -41.60 points or -0.76 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5350 else above resistance level of 5460 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5460 & 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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Bank Nifty Futures Tomorrow (Friday 17 June 2011)

In banking, CNX Bank Index lost -54.50 points or -0.51 %. Amongst the banking stocks Bank of Maharashtra, Union Bank of India and Punjab National Bank lead the row.

Bank Nifty Futures shut stop at 10601 down by -35.40 points or -0.33 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10600 else above resistance level of 10850 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 10990.
SUPPORT: It has first support close to the level of 10500 & below this level the next support is seen near 10330 marks

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Intraday Tips for Today- 16 June 2011

Buy Voltas above 165.65 for the targets of 167.45-169.00 Stoploss 161.80


Sell Suzlon energy beow 51.70 for the targets of 51.30-50.60-50.40 Stoploss- 52.30
Buy Above 52.40 For the targets of 52.90-53.30 Stoploss-51.80

Sell HPCL below 371.60 for the targets of 367.50-365.30 Stoploss-375.00

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Market Today & Intraday trend For 16 June (Nifty Outlook)

The Nifty Index today opened with negative bias and closed down by 53 points which was near its day low. Selling Pressure in banking and Reality sectors due to hike of 25 basis points expected in monetary credit policy due on Thursday became the main reason of this drag out.

The Nifty futures closed and settled finally at 5452.65 down by -63.15 points or -1.14 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5435 else above resistance level of 5505 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5505 & above this level the next resistance is seen near the 5630 mark.
SUPPORT: It has first support close to the level of 5435 & below this level the next support is seen near 5310 mark.

In banking, CNX Bank Index gained -176.42 points or 0.96 %. Amongst the banking stocks Andhra Bank, Syndicate Bank and Development Credit Bank lead the row.

Bank Nifty Futures shut stop at 10633 down by -191.30 points or -1.77 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10600 else above resistance level of 10850 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 10850 above this level the next resistance is seen near to the level of 10990.
SUPPORT: It has first support close to the level of 10600 & below this level the next support is seen near 10330 marks.

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Market Updates Today and Intraday Levels for 15 June

Equities ended a lackluster session on a positive note as the market discounted higher than expected inflation. WPI May inflation rose to 9.06 per cent against 8.66 per cent in April. National Stock Exchange's Nifty ended at 5500.50, up 17.70 points or 0.32 % per cent. The broader index touched a high of 5520.15 and low of 5484.20 intraday.

The Nifty futures closed and settled finally at 5516.10 up by 17.60 points or 0.32 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5490 else above resistance level of 5545 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5545 & above this level the next resistance is seen near the 5630 mark.

SUPPORT: It has first support close to the level of 5490 & below this level the next support is seen near 5310 mark.

In banking, CNX Bank Index gained 86.45 points or 0.81 %. Amongst the banking stocks Axis Bank, Central Bank and ICICI Bank lead the row.

Bank Nifty Futures shut stop at 10824.30 up by 91.90 points or 0.86 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10600 else above resistance level of 10850 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 10850 above this level the next resistance is seen near to the level of 10990.
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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Intraday Tips for Today - 14 June 2011

Buy Reliance Industries above 937 for the targets of 949-958-965 Stop-loss 916

below 909 go for sell .

Buy MAX India Ltd if opens above 183.60 for the targets of 185-187-189 stoploss 177.50

or buy above 185.50 for the targets of 187.00-189

Below 174.50 go for sell targets 171.70-170.00

Buy Punj Llyod above 71.40 for the targets of 73.10-75.00 Stoploss-69.00

below 68.8 go for sell, targets 66.80-64.70

Sell Aban Offshore Ltd. below 549.80 targets- Targte-543.60-539.00 Stop-loss-556.40

else Buy Above 557.10 targets -563.20-567.00 

Nifty Futures-

Buy Nifty Futures above 5518 for the target of 5545-5565-80 Stoploss-5478

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Intraday Nifty Tips: Technical Outlook for Tomorrow (14 June 2011)

The benchmark indices ended around the previous week's levels. The S&P CNX Nifty touched a low of 5,436.95 in the afternoon session and recovered fully to close at 5,482.80, down -3.00 points.

The Nifty futures closed and settled finally at 5501.90 up by 17.75 points or 0.32 %. 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 5520 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5520 & 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 5310 mark.

In banking, CNX Bank Index gained 3.25 points or 0.03 %. Amongst the banking stocks Karnataka Bank, Jammu & Kashmir Bank and Lakshmi Vilas Bank lead the row.

Bank Nifty Futures shut stop at 10748 up by 53.05 points or 0.50 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10600 else above resistance level of 10815 it would be in an upward trend. 

RESISTANCE: It has first resistance close to the level of 10815 above this level the next resistance is seen near to the level of 10990.

SUPPORT: It has first support close to the level of 10600 & below this level the next support is seen near 10430 marks.

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Market Trend For 13 June | Nifty Futures Outlook

Market Review-

The markets ended lower for the third straight day as slower IIP growth coupled with weak global cues weighed on the investor sentiment. The Nifty opened in red and remained subdued until the industrial output data for the month of April came in at 6.3%, putting pressure on stocks from capital intensive sectors. The S&P CNX Nifty touched a low of 5,457 in the afternoon session and recovered partially to close at 5,486, down -35.25 points.

The Nifty futures closed and settled finally at 5484.15 down by -35 points or -0.63 %. 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 5520 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5520 & above this level the next resistance is seen near the 5630 mark.

SUPPORT: It has first support close to the level of 5440 & below this level the next support is seen near 5320 mark.

In banking, CNX Bank Index lost -71.15 points or -0.66 %. Amongst the banking stocks Central Bank, Deana Bank and Vijaya Bank lead the row.

Bank Nifty Futures shut stop at 10690.05 down by -98.60 points or -0.91 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10600 else above resistance level of 10815 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 10815 above this level the next resistance is seen near to the level of 10990.

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

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Intraday Tips for Today| Nifty Futures

Buy Nifty Futures (CMP- 5522 ) above 5535 for the targets of 5555-5580
keep a stoploss below 5505

Below 5495 for for sell for the targets of 5475-5465

Bank Nifty Futures ( CMP- 10788.45) Buy Above 10845 for the targets

of 10890-10935 Stoploss 10780

Below 10725 go for sell for the targets of 10690-10645 Stoploss- 10785.

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Nse Market Today and Intraday levels for Tomorrow (10th June 2011)

 Market Today-

Benchmarks Indices ended on a flat note due to lack of interest  from investors in a direction-less market. Auto, Pharma and Technology stocks ended in the red while capital goods and power space led the gainers pack. The 50-share NSE Nifty down by -5.80 points or -0.10% to end at 5521.05.

Nifty Futures technical Outlook 

The Nifty futures closed and settled finally at 5522 down by -7.85 points or -0.14 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5580 else below support level of 5475 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5580 & above this level the next resistance is seen near the 5630 mark.

SUPPORT: It has first support close to the level of 5475 & below this level the next support is seen near 5415 mark.

In banking, CNX Bank Index lost -9.39 points or -0.05 %. Amongst the banking stocks State Bank of India, United Bank of India and Kotak Mahindra Bank lead the row.

Bank Nifty Futures shut stop at 10788.45 down by -11 points or -0.10 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 10850 else below support level of 10720 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 10850 above this level the next resistance is seen near to the level of 10990.
SUPPORT: It has first support close to the level of 10720 & below this level the next support is seen near 10620 marks

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Intraday Stock tips for Today (9 June '11 )

Dish TV India Ltd.

Buy Dsih TV around 80-80.50 for the targets of 81.00-81.50-81.80 Stoploss 79.80

Indian Oil Corporation Ltd.

Buy IOC above 323.50 for the targets of 325.00-327.50 Stoploss-320.60.

else below 320.20 sell IOC for targets of 317.60-316.00.

Unitech-

Buy Above 33.90 for the targets of 34.40-34.60-34.80 Stoploss- 33.40.

below 33.30 go for sell for the targets of 33.00-32.80.

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Market Review and Trend for 9 June 2011

Indian Markets Today
The markets opened lower tracking weak Asian peers after US Federal Reserve Chairman Ben Bernanke's statement that US economy was growing very slowly. The 50-share NSE Nifty down by -29.30 points or -0.53 %, to end at 5526.85.

Nifty Futures Outlook
The Nifty futures closed and settled finally at 5547.50 down by -29.70 points or -0.53 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5580 else below support level of 5508 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5580 & above this level the next resistance is seen near the 5630 mark.

SUPPORT: It has first support close to the level of 5508 & below this level the next support is seen near 5415 mark.


Bank Nifty Futures Outlook 
In banking, CNX Bank Index lost -82 points or -0.18 %. Amongst the banking stocks Union Bank of India, Dena Bank and Oriental Bank of Commerce lead the row.

Bank Nifty Futures shut stop at 10810 down by -70.10 points or -0.64 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 10925 else below support level of 10750 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 10925 above this level the next resistance is seen near to the level of 10990.
SUPPORT: It has first support close to the level of 10750 & below this level the next support is seen near 10620 marks

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Nifty Today and Intraday Levels for 8th June 2011

Indian Market (NSE) Today- 

After making so many reds and Green finally the market closed in positive region making a mild gain for the day. The 50-share NSE Nifty Index  rose just 24.10 points or 0.44 %,  to end at 5,556.15.

The Nifty futures closed and settled finally at 5563 up by 28.80 points or 0.52 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5580 else below support level of 5508 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5580 & above this level the next resistance is seen near the 5630 mark.

SUPPORT: It has first support close to the level of 5508 & below this level the next support is seen near 5415 mark.

In banking, CNX Bank Index gained 18.80 points or 0.17 %. Amongst the banking stocks Yes Bank, Karnataka Bank and City Union Bank and Lakshmi Vilas Bank lead the row.

Bank Nifty Futures shut stop at 10882 up by 50.85 points or 0.47 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 10935 else below support level of 10760 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 10935 above this level the next resistance is seen near to the level of 11240.
SUPPORT: It has first support close to the level of 10760 & below this level the next support is seen near 10620 marks

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Nifty Intraday Tips for Today

Nifty Futures Tips-

Buy Nifty Above 5548 level For the target of 5570-5585-5600 keeping a Stop-loss below-5518

else Below 5515 Go for sell for the targets of 5490-5485-5470

Bank Nifty Futures- 

Buy Bank Nifty above 10855 fro the Targets of 10900-10955 Stoploss below 10790

Note-

• Trade at your own risk.

• These are pre Market Calls, Kindly follow the tips only if market suports the same.

• Any sudden news can reverse the market sentiments. So be updated and do your own research before trading.  

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Market Today and Nifty Trend for Tuesday 7 June (Technical levels)

Indian Market Today-

The Indian Equity index today closed with moderate gains amid volatility. 

 Weak global cues and disappointing US employment data caused market to trade with negative bias. But the market managed to bounce back in the last one hour of the session following recovery in European markets as it seemed that market factored in negatives. The 50-share NSE Nifty rose just 15.30 points, to end at 5,532.05.  

The Nifty futures closed and settled finally at 5534.20 up by 10.70 points or 0.19 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5550 else below support level of 5475 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5550 & above this level the next resistance is seen near the 5630 mark.

SUPPORT: It has first support close to the level of 5475 & below this level the next support is seen near 5410 mark.

In banking, CNX Bank Index gained 72.65 points or 0.67 %. Amongst the banking stocks Yes Bank, Kotak Mahindra Bank and Oriental Bank of Commerce lead the row.

Bank Nifty Futures shut stop at 10831.15 up by 69.55 points or 0.65 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 10865 else below support level of 10620 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 10865 above this level the next resistance is seen near to the level of 10950.
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 EOD and Prediction For Monday 6 June 2011

The S&P CNX NIFTY continuing its northward journey and closing the day down -33.60 points or -0.16 % at 5516.75.

The Nifty futures closed and settled finally at 5533.80 down by -24.65 points or -0.44 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5625 else below support level of 5480 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5625 & above this level the next resistance is seen near the 5730 mark.

SUPPORT: It has first support close to the level of 5480 & below this level the next support is seen near 5400 mark. 

In banking, CNX Bank Index lost -57.25 points or -0.53 %. Amongst the banking stocks Indian Overseas Bank, Axis Bank and UCO Bank lead the row.

Bank Nifty Futures shut stop at 10785 down by -40.95 points or -0.38 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 10990 else below support level of 10720 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 10990 above this level the next resistance is seen near to the level of 11210.

SUPPORT: It has first support close to the level of 10720 & below this level the next support is seen near 10620 marks.

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Intraday Tips for Today (Friday, 3 June '11)

Nifty Futures Intraday Tips-

CMP is 5563.00 and Current trend seems to be bullish for Intraday- short term.

Buy Nifty Futures above 5576 For the targets of 5590-5620-5645  keeping a Stop-loss at 5538 level.

Else below 5530 go for sell for the Targets-5510-5480

Bank Nifty Futures- 

CMP is 10843 and current trend of bank Nifty is also upward.

Buy Bank Nifty above 10877 for the targets of 10925-10950-10975 keep a strict Stop-loss below 10790 level

Below 10780 go for sell targets 10740-10690

Note-

Working on Pre-market calls inherit risk as current news affairs and other real time market factors can not be included  so please make your own research before investing your money. 

Make Buy/Sell position only if market supports the same.

Happy Trading !!

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Nifty Futures Today and Intraday Technical Levels for 3 June, 2011

Indices failed to break into the positive terrain and slipped below the intermediate support levels as negative cues from European peers hurt sentiments. Most of the sectoral indices, barring defensives like FMCG and pharmaceuticals, were in the red. The S&P CNX NIFTY continuing its northward journey and closing the day down -41.65 points or -0.74 % at 5550.35.
The Nifty futures closed and settled finally at 5563, down by -27.45 points or -0.49 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5580 else below support level of 5520 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5580 & above this level the next resistance is seen near the 5630 mark.

SUPPORT: It has first support close to the level of 5520 & below this level the next support is seen near 5480 mark.

In banking, CNX Bank Index lost -194.15 points or -0.1.76 %. Amongst the banking stocks ICICI Bank, Yes Bank and Oriental Bank of Commerce lead the row.

Bank Nifty Futures shut stop at 10843 down by -105 points or -0.96 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 10880 else below support level of 10770 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 10880 above this level the next resistance is seen near to the level of 10990.
SUPPORT: It has first support close to the level of 10770 & below this level the next support is seen near 10620 marks.

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Intraday Tips for Today- Nifty Futures

 Nifty Futures Tips-
Buy Nifty Futures above 5607 level for the Targets-5635-5650 keeping a Stop-loss below 5576

Below 5570 go for sell for the targets of 5545-5530 and keep a stoploss above 5698


 Bank  Nifty Tips-
Buy Bank Nifty above 10990 for the Targets of- 11050-11100 with a Stop-loss  of 10920
else sell below 10900 target-10850-10800


Note- 

• Do your Own Research Before making any position.

• Go for Buy/long or sell/shorts positions only if market supports the same.

• These are pre-Market technical  analysis based tips. 

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Today's NSE Market Review & Technical Outlook For 2 June 2011

The markets closed higher for the second consecutive day with the S&P CNX NIFTY continuing its northward journey and closing the day up 31.85 points or 0.57 % at 5592.
The Nifty futures closed and settled finally at 5590.45, up by 35.55 points or 0.64 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5630 else below support level of 5540 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5630 & above this level the next resistance is seen near the 5730 mark.  

SUPPORT: It has first support close to the level of 5540 & below this level the next support is seen near 5480 mark.

In banking, CNX Bank Index gained 12.55 points or 0.11 %. Amongst the banking stocks Vijaya Bank, Indian Overseas Bank and Bank of Maharashtra lead the row.

Bank Nifty Futures shut stop at 10948 up by 17.40 points or 0.16 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 10990 else below support level of 10850 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 10990 above this level the next resistance is seen near to the level of 11240.
SUPPORT: It has first support close to the level of 10850 & below this level the next support is seen near 10730 marks.

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Intraday Tips: Nifty Futures Trading call For Today

Nifty And Bank Nifty Futures Intraday Tips-

Buy Nifty Futures above 5571 for the targets of 5600-5630 Stop-loss-5530

If market trades negative below 5528 go for sell Targets-5500-5480

Buy Bank Nifty Futures above 10965 target-11070-11120S Stop-loss-10880

Note: Remember these tips are premarket trading calls so go for long (buy)/Short(sell) positions only if market supports the trend.

Also Do you own research before working on the tips as Local and Global economic conditions or any sudden  news can reverse the trend predicted.

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