Nifty Tips: Market Prediction and Intraday Calls for Tomorrow

Indian share market witnessed the rocket rally on Monday after four days sell offs. The 50 Shares Nifty- Fifty Index gained more than 3.5% on the back of gain in Reliance Industries (up 5.07%) Infosys (up 3.8%), L&T (up 5.4%) and other market giants. It closed at 4954.90 after adding 171.80 points to its previous level.
Nifty Futures on the other hand settled down at 4939.55 up by 190.85 with a gain of 4%.
Now the coming sessions are seems to be give some healthy trades to the market and Nifty futures may continue this momentum if it trades above 4975 mark tomorrow. On the downside, breaching 4872 may harm the bullish view and Nifty even slip down to 4800 mark again.

Intraday Nifty Tips: Buy above 4975 for the targets of 5000-5035-55 Stop-loss below 4918.

If market turns reverse go for sell below 4909.
 

Read more »

Stock Of The Week: Infosys

Infosys Ltd - Technically Stock is looking very strong in the charts. Though the stock is consolidating currently but one go for buy if it cross 2272 mark and target 2350-2500 as near term target. For medium term one may hold it for 2700 level.

Day Traders can initiate long if it breaches 2242 mark and can target 2272-2300.

Also Read:  Golden Rule for Day Trading 

Read more »

Bank Nifty Technical Outlook: Market Review

Bank Nifty Index,  on Last day of the week  lost -202.70 points or -2.63 %. Amongst the banking stocks Federal Bank, Oriental Bank of Commerce and Lakshmi Vilas Bank were the top looser in the sector. 

Bank Nifty Futures shut stop at 8962 down by -242.30 points or -2.63 %. From here 8815 is seems to be crucial level for downside and bank nifty can slip down more below the same.  9255 would be required to achieve an upside momentum.

RESISTANCE: It has first resistance close to the level of 9255 & above this level the next resistance is seen near the 9420 mark.

SUPPORT: It has first support close to the level of 8815 & below this level the next support is seen near 8400 mark.

Read more »

Market Updates: Nifty Review and Technical Levels

Despite of positive global cues, Indian market once again dropped around 1%. Following the cues the market started well in the initial hours of the session but drifted lower in the last leg of trade due to F&O expiry. Nifty Swung between 4915 and 4827 (High and low of the day) and finally closed at 4840 down by 49%.Nifty Futures Shut its shop at 4888.90 down by -60 points or -1.21 %. Now it is taking support at 4800 level below which the terrible downfall seen till date in this month may continue. Technically 4912 would be required for a better up move.

Support for Nifty is in 4800-4665 zone whereas resistance levels are 4912-4975.

Day Traders should take any position only if substantial move is seen in the market

Read more »

Bank Nifty Tomorrow : Market updates (25 August 2011)

In banking, CNX Bank Index lost -156.85 points or -1.65 %. Amongst the banking stocks Federal Bank, Oriental Bank of Commerce and Lakshmi Vilas Bank lead the row.
Bank Nifty Futures closed at 9318.60 down by -161.70 points or -1.71 %. It is looking bearish in the coming trading session if it trades below the support level of 9230 else above resistance level of 9420 it would be in an upward trend.
RESISTANCE: It has first resistance close to the level of 9420 & above this level the next resistance is seen near the 9600 mark.
SUPPORT: It has first support close to the level of 9230 & below this level the next support is seen near 9030 mark.

Read more »

Nifty Intraday Tips for Tomorrow (23 August 2011)

Starting with a flat but positive note Indian Markets faced some volatility for a while and indices fell down below the equator. But Market recovered soon and finally closed with a gain over 1%. Nifty after touching a day low of 4808.75 recovered soon as a result of recovery in European markets and Buying interest in Oil and Gas Stocks. Spot Nifty ended up 53 points at 4899. 

Nifty Futures Gained 63.15 points to close at 4914. Now if nifty manages to stay above 4922, it may see some more upside in next trading day. 

For Medium term Nifty futures could be the best option for trading as Nifty may recover up to 5200 soon.

For day Trading one can buy Nifty above 4925 for the targets of 4955-4970 SL below 4885. Below 4869 Sell it for the targets of 4835-4809.

Read more »

Nifty weekly Outlook: Market Updates (22-26 August 2011)

The CNX IT Index closed at 5113.85 with the loss of 302.40 points or -5.58%. The CNX IT Aug future finally settles at 316.90 pts or 5.84% lower at 5113.15 and decreased 300 shares in the open interest. The CNX IT future premium turned to a discount of 0.70 from premium of 13.80 earlier, whereas cost of carry is -0.83 vs.

7.15. CNX IT future has closed at 5113.15 and now next logical resistance is at 5445 and 5620 levels, and good support near 5000 and 4825 levels.

Read more »

Bank Nifty Ooutlook- technical Levels for Monday (22 August 2011)

In banking, CNX Bank Index lost -196.65 points or -2.05 %. Amongst the banking stocks Punjab & Sind Bank, State Bank of Travancore and United Bank of India contributed the most to let Bank Nifty end with red mark.

Bank Nifty Futures shut stop at 9450 down by -121.30 points or -1.27 %. It is looking bearish in the coming trading session if it trades below the support level of 9275 else above resistance level of 9600 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 9600 & above this level the next resistance is seen near the 9990 mark.

SUPPORT: It has first support close to the level of 9275 & below this level the next support is seen near 9030- mark.

Read more »

Nifty Levels and Market Trend For 19 August 2011

Immense cut off was seen in Indian benchmark indices and mrket dripped over 2% on Thursday. Heavy selling was seen in IT and Banking shares due to Global growth concern and weak cues from overseas.
NSE Index Nifty closed below 5000 mark and hit a day low of 4932.32 during last leg of the trading session and closed near the same at 4944.15 down by 112.45 points.
Nifty futures lost 136.65 points and settled at 4931.10 which was 2.68% below its previous close. The market has been trading in oversold territory and a recovery might be seen on Friday session. But still Nifty will have to clear above 5000 mark again to be in bullish momentum. Below 4919 more downfall till 4900-4870 is expected.
Traders are advised to wait till 4965 (day trading) to initiate long positions.

Read more »

Market Prediction: Nifty For 18 August 2011

It was a choppy session for Indian markets which ended with moderate gains. Spot Nifty closed at 5056.60 with a gain of 20.80 points (0.41%).
Nifty Futures shut stop at 5069.70 up by 42 points or 0.84 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5005 else above resistance level of 5140 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5140 & above this level the next resistance is seen near the 5235 mark.
SUPPORT: It has first support close to the level of 5005 & below this level the next support is seen near 4950 mark

Read more »

Market Outlook: Nifty Levels for 17 August 2011

Mid cap and Small dug up the market today and Indian bourses ended in the negative territory due to last hours pull off by institutional investors.
Nifty could manage to stay above 5000 mark and closed at 5035 off its day's low of 5016 after losing 37.15 points from its previous close.
Midcap and small cap stocks were the major responsible stocks for this moderate loss.
Nifty Futures ended at 5040 down by 39.85 points (-0.78%).
The fundamental signals are indicating that the market may face more downfall in coming trading session and If nifty futures breaks 5000 mark on downside, it may further take a dip down to 4950.

RESISTANCE: It has first resistance close to the level of 5140 & above this level the next resistance is seen near the 5235 mark.
SUPPORT: It has first support close to the level of 5000 & below this level the next support is seen near 4950 mark.

Read more »

Market Trend: Nifty Prediction for 9 August 2011

Another black day for the market and Nifty could managed to stay just above the psychological level of 5100 after touching the day low of 5054.05. 

Nifty Futures also dripped 91 points and finally settled at 5120.45.  The market is likely to continue this negative trend and may further drag down to 4900-4800 levels. A directionless pattern is being seen in the technical charts so traders are required to wait for 2-3 session to initiate any new position.

Technically 4972 is looking crucial downside support for Nifty below which Nifty could fall down to 4800 end even 4700 later.

Day Support levels are  seen near 5080-5040. Resistance zone is-    5165-5200

Read more »

Nifty Trend For 8 August: Tomorrow market prediction

The Mounting concern on another recession attack and sovereign debt crisis caused the market to bath in blood again and Indian benchmark indices fall on fourth consecutive day. The NSE's Nifty touched it 52 weeks low today but recovery trades in late afternoons helped it to Hold 5200 level. Spot Nifty lost 120.55 points and ended at 5211.25. (-2.26%).
Nifty Futures down by 2.20% and closed at 5220 after losing 117.20 points.
Since the market has been In oversold phase it may remain from flat to bearish trend for coming trading session. A recovery might be seen if it trades above first support level of 5240. Below 5155 further sell off may occur.

Read more »

Nifty Levels: Intraday Prediction for 5th August 2011

On the back of slowing global growth rate and heavy sell off in major stocks like M&M , ITC and Reliance the Indian markets fell over 1%.
Spot Nifty after opening in green continued a choppy session till mid afternoon and then plopped down to its day low 5324.55. Nifty finally closed near the same at 5331.80 down 73 points.
Nifty Futures stopped at 5339.80 and dripped 84.60 points. Now If it traded below 5325, it may drag below 5300 mark. The Resistance for Nifty is seen near 5370 above which it may see some upside. Broad positive momentum is expected above 5440 only. 

Read more »

Nifty Today: Share Market Trend

Indian markets faced a very volatile and unpredictable session today and the major idices had to face another red mark on Wednesday.
On the back of weak global cues the 50 shares Nifty Index could started the session with extremely negative note and fell even below 5400 mark the day Low Nifty was 5378.85. however it recovered from the initial heavy downfall and finally closed near 5405 (5404.80) down by 51.75.
Nifty Futures Settled at 5429.45 and dripped 37.05 points (-0.68%). Now from here Nifty may Go up if it trades above 5455 levels while below 5400 it may lose some more points and can drag down to 5355-5335 mark.

Read more »

Nifty Intraday Prediction: Market Trend For 3 August 2011

The weak Cues from Overseas and heavy fall in metals and reality stocks had an adverse effect in market and the benchmark Indices had to face significant loss on Tuesday. Spot Nifty of NSE India closed at 5456.55 behind 60.25 points from its previous close.

Nifty Futures settled at 5467.45 down 65.50 points (-1.20%). Now technically below 5440 it may see some more lower levels. Below the same Nifty could touch 5427 and even 5400 levels.
For the upside 5493 would ac as crucial level. Above the same Nifty may catch some could upside momentum again towards 5520-5555 levels for near term.

Day Traders are advised to sell Nifty Below 5440 to target 5425-5410-5400.
else above 5490 buy Nifty TG- 5510-5535-5550

Read more »

Nifty Prediction For 2 August: Tomorrow Market Trend

As we predicted on our previous post, after four days continuous loss Indian benchmark recovered a bit and S&P CNX Nifty could able to end up in green. The market surged in early hour of the trade on the back of positive cues and news from the overseas.

Spot Nifty ended the session at 5516.80 adding 34.80 (0.63%) points to its previous close while Nifty Futures settled at 5528.55 up by 40.55 or 0.74% on the very first day of August.
From here the market may extend this positive trend if it breaks 5590 mark. Intraday trend is likely to remain consolidated to positive for tomorrow.

Support- 5464- 5440
Resistance- 5536- 5585

Intraday Traders can Buy Nifty Futures above 5535 to target 5560-5585 Stoploss below 5500.

Read more »