Market Trend for Tomorrow: Nifty Levels

After last week's strong rally, Indian market could not sustain it on Monday and in a range-bound session Market ended up in marginally negative zone.
Spot Nifty closed at 5326.60 down by 34.10 points while its future derivative settled at 5346.85 after losing 38.65 points. Metals and Oil & Gas stocks were the top losers today while Banking and FMCG shares supported the index.

Technically, Nifty may go positive tomorrow above 5372 level and can test the levels of 5396-5409 and even 5440 later. The 5440 level is acting as major upside resistance and Nifty might take a reverse rally after reaching this level. But breaching this level would invite a strong positiveness in the market.
 It has support level near 5327 while major support is lying around 5220 mark.

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Nifty Intraday Tips for Monday (31 October 2011)

This festive week turned out to be positive for the Indian markets and Nifty saw a blockbuster rally on the last trading day of the week. Nifty gained more than 3% and closed above 5350 level. Nifty Futures closed at 5386.05 up by 154 points.
After breaking the major resistance level of 5200, Nifty did not lose its momentum and crossed the 5350 level soon. The European Debt deal was the major factor for this positive day.
The market is still likely to run in positive zone and more upside is anticipated by the experts. We can see nifty to reach up to 5500 soon. For coming trading session, Intra-day resistance is seen near 5420 above which Nifty could test the levels of 5458 and then 5570. While it has intraday support of 5376. Major support is 5200.

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Nifty Trading Levels for 25 October 2011

A significant gain was seen during early trades which could not sustain in the last hour of the session and Market lost much of the day gains. Finally Nifty closed at 5,098.35 with a gain of 48.40 points.

Nifty Futures could manage to close above 5100 mark (5105) and added 51 more points to its previous level. Technically the market is likely to remain positive for the coming trading session but RBI is going to  announce its credit policy tomorrow which may change the direction of the market.

Nifty is having major resistance near 5170 level and support near 5072.

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Nifty Tips: Market Trend for Today

Negating the expectations Indian markets closed in a negative note. Index of NSE shed 47.25 points and closed at 5091.90 while Nifty futures could manage to stay above 5100 market and closed at 5102 after losing 44.55 points. Market is still looking unpredictable but technically If it manages to stay above 5120 level, we can expect a positive day for NSE. While below 5081, Nifty would be in Intraday bearish trend. In broad perspective 5000 would act as major support while 5190 is major resistance for Nifty Futures. 

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Nifty and Bank Nifty Intraday tips: Market Trend

The early positiveness could not continue to end up in considerable gains and despite positive global cues, Nifty faced a consolidated trading session and closed marginally lower at 5118.25.
Nifty Futures settled down at 5122 down by 21.35. Technically market may face a slight dip towards 5060-5055 if it trades below 5100 level. The overall trend is still positive and above 5142 we can see an intraday uptrend.

In Banking sector, Bank Nifty managed to end up in green and gained 60.90 points or 0.63%. Indus Bank, HDFC Bank and axis bank were the top performer of the day.
Bank Nifty Futures shut its shop at 9698.95 up by 24.90 points or 0.26%. The coming trading sessions seems to be negative and If banknifty trades below 9650 then a downtrend till 9580 is expected else above 9755 bank nifty would be in bullish trend.

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Nifty Tips: Market Trend For Coming Week

It was a very good week for Indian market as Indian equities managed to recover and gain significantly. Nifty and Sensex both gained more than 5% during the week. Spot Nifty could able to close above 5100 mark and ended up at 5132.30. Nifty futures settled at 5141.50. for Next week the nearest resistance is seems to operate at 5190 above which Nifty can touch 5250 and even 5300 level later. 5300 will act as crucial level which if nifty ables to breach through, Nifty will see a good upside momentum towards 5400. On the downside 5000 will act as major support.

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Market Position for Thursday 12 October 2011

As we anticipated yesterday, Nifty witnessed a significant gain on the back of the positive results of infosys. Spot nifty gained 125.05 points and closed near 5100 (5099.40) whereas Nifty Futures closed at 5114.85 up by 132.40 points. The market for tomorrow is likely to remain positive as per the technical indications. The major resistance for Nifty futures is seen near 5190 which if breaks, Nifty may touch 5255-5300 level in coming trading sessions. 5070 will act as crucial support and a trade below this level would trigger negative run in the market. 

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Nifty Outlook For Tomorrow

Nifty gained a significant rise during morning session but all went in vain as Market suffered sharply in late afternoon and closed in red mark. Spot Nifty lost 5.25 points after making a high of 5044. Nifty Futures settled at 4980.10 down by 13.20 points. The trend is looking positive for tomorrow on the technical charts and if Nifty sustains above 5009 mark, we can see some good levels like 5057-5072 and even 5100 on coming trading sessions. Major support is seen near 4909 mark below which Nifty is looking bearish in trend.

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Market Trend For Tomorrow: Nifty Levels

Extending the bullish run seen on Friday, the Indian equity market achieved a robust gain today and advanced almost 2%. The rally was seen in almost all sectors and led by IT stocks mainly. Spot Nifty added 91.55 more points and closed at 4979.60 and its future derivative settled at 4995 up by 1.97%. (96.40 points)

Now technically Nifty is looking bullish above the resistance level of 5070 but for Intraday, If it manages to stay above 5017 level, it will go up to 5055-5070. On the downside 4909 may bring weakness in the market.


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Nifty Updates: Market Position for Monday

The Market surged almost 3% on the back of strong positive news from overseas. Spot Nifty gained 2.88% and closed at 4888.05 up by 136.75 points. Nifty futures added 126.60 points and settled near 4900 mark (4893). Nifty is still not looking very positive for coming trading session and we can expect a downside on Monday if it trades below 4870 while above 4930 it may extend its bull run till 4970-5000 and even more. The near term resistance is seen near 4930-40 and major stiff resistance is 5070 while support for downside is 4870-4720.

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Market Prediction: Nifty levels for 5 October 2011

Moody's Rating downgrade for SBI had an adverse effect on the market which led the Bank nifty to fall all off a sudden and resulting the whole market to close in red mark. 

Spot nifty breached the crucial downside level of 4800 and closed at 4772.15. Now if the important level of 4700 get broken, Nifty may face a free fall till 4550-4500. But We can expect a bounce back before reaching this level. While on the upside 4809 would act as major resistance and a trade above the same may bring back some hope in Nifty again. For tomorrow we are anticipating a good day for short coverings and expecting a positive day for the market. Traders are required to sense the market momentum before getting into any trade.

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Market Trend: Nifty Technical Outlook

The market following the selling pressure in Asian market, started weak and ended up in red zone. Spot nifty lost 93.75 points and closed at 4849.50.
Nifty futures settled up at 4857.75 after losing 76.55 points. The negative trend of today's market doesn't seems to prevail for tomorrow and Nifty may take a up move if it trades above 4880 while 4909 may invite a sell off.
Major resistance levels are seen near 4880-5049 whereas downside support in lying near 4810.

For Nifty Intraday Tips Visit- Nifty Futures Page  

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STOCK ANALYSIS: POLARIS SOFTWARE

Polaris is currently facing consolidation phase from long time and now looking forward to prevail its strength. If it crosses the major resistance level of 137.50 we can see some upside rally in it. A buying is recommended in POLARIS Software (NSE cash) above 137.50 for the targets of 143-146-150 keeping a stoploss of 129.

For Nifty Intraday Tips Visit- This Page 

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