Nifty Trend and NSE stock Tips for This week

Nifty is likely to remain volatile with downward trend for the coming week and it may hit the recent lower levels like 4600-4540 level.  4540 is acting as a strong support level for nifty in this trading week while it is having the resistance level of 4700. Sustaining above this level would call for a rally up to 4850.

NSE Stock Of the Week:
Indiabulls Financial Services Ltd
This stock has strong resistance level at 140.50. from last couple of days it was consolidating at its resistance which shows that above that will give sharp up rally till 150. whereas support comes at 134 again which is very crucial support zone. so once can go long in indiabulls , above the level of 140.50 with stop-loss of 137.50 and for short term target is 145 & 148. 

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Nifty Today: Market Outlook and Technical Levels

Indian market extended its losses on Thursday as well and in a very volatile market, Nifty lost 60.35 points to close at 4645.45. Nifty futures settled down 4646.30 down by 64.80 points. Today Nifty may suffer some more downside in a sluggish trading session. Technically Nifty futures is facing resistance near 4690-4700. If Nifty manages to trade above 4700 level, we can expect it to reach 4755 Today. Support for Nifty is seen near 4636.50.

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Market Outlook Today and Nifty Trend

Indian Share markets ended lower for second consecutive day. S&P CNX Nifty lost nearly 1% and closed at 4705.80 down by 44.70 points. Banking Shares, metal and oil & gas played the leading roles in pulling the index down.
Nifty Futures closed at 4704.50 down by 46.40 points. Tomorrow being the expiry, we can expect some volatile session on Thursday which may be followed by a some rally to close in positive note. Nifty has bee n trading in a narrow range of 4690-4750. A breach in the either side would decide the trend for tomorrow. 

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Nifty Today and Intraday Levels

Started with lower side, the market gained gradually and closed near its day high. Spot Nifty ended up at 4779.00 accumulating 65 points. Nifty futures earned 62.40 points and settled at 4783.00.

Market is seems to extends its bullish run and today we can expect Nifty futures to touch 4855 level technically. But inability to prevail the level of 4800 would wash off this expectation.

Support for Nifty is near 4749 level whereas resistance is near 4809.

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Nifty Range and Intraday Tips For Tomorrow

The Market extended the rallies to some more extent and Nifty managed to close above 4700 level. Spot Nifty added 40.70 more points to its previous close and closed at 4733.85.

Nifty futures settled at 4753.00 up by 41.50. The market remain languished for most part of the day and showed momentum in the last hour trade.

It was a volatile day for market where Nifty played between 50 points narrow range. So traders/investors may remain reluctant towards market . Technically first resistance for Nifty futures is near 4781 above which buying interest may take place. 4715 is acting as support level for Nifty Futures.

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Market Today and Nifty Trend for Tomorrow

Market made a magnificent recovery and ended over 3% higher today. All the sectors ended with green mark. After a gap up opening, Nifty took off during last hours of the session and made smart gain.

 NSE's S&P Nifty index gained 148.95 points and closed near 4700 level (4693.15). Nifty Futures closed at 4718.20 up by 163.70%.

Though it was a pullback short covering rally but we can expect the positive trend to extend through this festive week.

A consistent trade above resistance level of 4725 will be required to carry forward this bullish momentum while Nifty is having support near 4650 level.

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Market Trend: Nifty Intraday Tips for 21 Dec 2011

As predicted in our previous report that inability to stay above 4600 would extend the bearish trend and Nifty might touch 4550 level, the same happened today and spot Nifty after losing 67 points, closed at 4544.20. Nifty Futures ended at 4566.80 down by 57.05 points.

It was the fifth straight day for the market to end lower. The market is not sustaining at higher levels and short coverings and then pullback pattern are seen all the time. Major resistance for Nifty is seen around 4640 level.

The market is still looking weak on charts and a move below the support level of 4530 would bring more downside.




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Market Today and Nifty Levels for Tomorrow

After facing extreme selling pressure throughout the day, Market managed to recover in last hour of the trade to reduce the losses incurred during the day. Vindication of slowing down of India's growth rate had the negative effect on market. NSE's S&P CNX Nifty closed at 4613.10 and declined 0.83%.

Nifty futures ended up at 4613.75 down by 29.40 points. For upcoming trading session Nifty is likely to trade in trade lower on the index and inability to manage above 4600 level may drag nifty down to 4550 level. Breaching the support line of 4530 would invite more woes in the market while a trade above 4640 could bring some positiveness in the market.
 

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Stock Tips: Weekly Recommendations

BATA INDIA FUTURE (LOT SIZE 500)
BATA INDIA FUTURE Lot size 500 is moving in consolidation phase and manages its good support level of 565, if it breaks this level we can see some correction in it, one can go for sell Bata India. We recommend sell Bata India future below 565 with SL of 580 and target 550-540.

RELIANCE INDUSTRIES FUTURE (LOT SIZE 250)
RELIANCE INDUSTRIES FUTURE Lot size (250) is looking week in chart . It had seen sharp fall in last week but still its weakness will continue in coming session. In this stock one should adopted a strategy of sell at higher level and we recommend sell reliance industries below 715 with sl of 725 target 705,690.

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Nifty Today and Market Trend for Tomorrow

It was a volatile day for Indian market and it recovered most of its day's losses in Last hour of the trade. Due to this late trade recovery, Spot nifty cauld manage to moderate losses and closed at 4746.35 down by 17 points. Nifty Futures made a gain of just 0.90 points to close at 4765.10.

The market will be much depending upon the mid-quarter review of monetary policy tomorrow at 12 noon from the RBI.

The market is likely to remain positive for tomorrow. As we saw today Nifty recovered from a fatal level of 4680 to substantially good level so we can expect this recovery to continue for tomorrow as well.

Technically the nearest resistance for Nifty  is seen near 4790 above which Next resistance is 4850.
Nifty Support is close to the level of 4670. 

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Share Market Today and Nifty For Tomorrow

Indian markets finally found the the way to green belt and in a short covering session Nifty managed to gain substantially. It was a range-bound session until late trades when Market climbed up to recover the losses and NSE index Nifty ended up at 4800.60 mark with a gain of 36 points.

Nifty Futures closed at 4836.75 up by 63.05 points. Though it was a positive day, still we can not say its a start of bullishness in the market as the volume was pretty less and market seems to be no less bearish below 4800 mark. Since market is following the global markets so we can not rule out the pull back rallies also if international markets do good.

Technically 4857 is the level for tomorrow above which Nifty may touch 4889 and even 4900 while below 4879 traders can initiate short selling for day trading.

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Market News Today and Nifty Outlook for 13 December 2011

Nifty made an another dip and extended losses for the third straight day. The disappointing IIP data for the month of October led the market to the downside and S&p CNX Nifty closed at 4764 after declining 2.10%. Nifty futures settled at 4769 and lost 116.90 points.
 Nifty has breached the psychological level of 4800 and this may result in severe bearishness in the market. Inability to sustain above 4750 would call for another major sell off and Market may extend its bearish trend. While above the level of 4800 Nifty can witness intraday pullback. Major resistance which can decide the bullish momentum is seems to be 4920 while it has nearest downside support at 4750 level.


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Stock Futures Tips for Coming Week

RELIANCE INFRASTRUCTURE LIMITED

The lot size for Reliance Infra is 500.

The stock is in major down trend and currently consolidating near to its major support level.  It has given closing below its 10 day and 50 days moving average on intraday charts and having Daily RSI at 39.28 levels. If it manages to sustain below the level of 390, we may expect a downside momentum in it. Traders may go SHORT in this stock below the level of 386 for the targets of 375 and 366 with the strict Stop Loss of 400.


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Share Market Outlook and Nifty Levels for Monday

All the sectors remained negatively biased for the day and market extended its losses on the fourth consecutive day to close at extremely negative note. Government cut the economic growth forecast for fiscal 2012 and gave a statement that meeting fiscal targets would be a challenge which had the adverse effect on the market.
NSE index Nifty shed 77 points and closed at 4866.70 level while its future derivative settled at 4882.25 after losing 74.35 points.
Today Nifty even moved below 4,850 which could create a big selling panic but soon the market took a pullback and to gain a bit stability.
The negative trend seen during the week may prevail on coming trading session also. Nifty futures if trades below 4850 level, it may drop down to 4800 level. However a move above 5039 would support the bull and we can expect some upside after this level. Trading range for nifty is 4800-5100.




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Market Today and Nifty Intraday Levels for 7 December 2011

Nifty ended up with slightly negative note after trading in a range-bound session with negative bias all the time. Market felt some downside during noon trades but recovered afterwards and finally NSE index Nifty managed to close at 5039.15 after losing 11 points.
Nifty futures lost 8.45 points and settled down at 5072.25. The market spent most of the Monday digesting previous week's gains and remained consolidated in a range of tight 50 point band.

On Wednesday, market is likely to trade in sideways with slightly positive bias. But a sudden rise above 5109 may invite an upside rally in nifty futures. However trading below 5000 level can invite some sell off in the market. 

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Nifty Intraday Tips for Today

The First trading session of December month closed in a firm note as central banks took some promising efforts to overcome the Euro zone debt crisis. However the market could not make it to close near its day high (5,023.35) which witnessed just withing five minutes after the session started and closed at 4936.85 with a gain of 104.80 points. Nifty futures settled at 4957.15 up by 124.80 points.

Technically a the trend is likely to extended on Friday as well and Nifty may touch 5000 level today. Above the same, it may continue the bull run till 5055-5072 level while below 4900 Nifty may witness reversal move.



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