Nifty Analysis: Trend for Coming Week

Lets start with last week market where nifty  took breath at its resistance as expected. Nifty future closed with a loss of  nearly 2.5% while BSE Index closed with a loss of 2.5% as well. Capital goods, realty, banking and oil & gas played important roles in pulling the markets down whereas  IT and tech provided support to the Indian benchmarks. 

Now talk about the technical picture of the market. Since Nifty was not able to sustain at its high levels, throughout the market followed by Feb month of expiry and profit booking. This week nifty is forming lower bottoms and lower highs pattern in daily chart which indicate that, nifty does sustain at it high so down side really can be seen till 5350 level below that 5280 is next support. And still major hurdle for nifty is 5700 .

There is a major events is awaited in march month of contract like:- annual budget . Budget expectation keep remain mk violate. So be caution all trader and investors.

Read more »

Stock Trading Tips: Picks for Today

TCS- Tata Consultancy Services Ltd. Stock is looking bullish along with positive fundamental signals. The company has seen good revenue generation in last quarter and has extended its client list in the third quarter itself. One can accumulate TCS share and can wait for the targets of 1300-1355 level.


Tata motors-  A rally and then consolidated for a while for another move. This pattern is being seen in tata motors, so we can expect prices to go further up again. Traders can set 285-290 as target for tata motors stocks. 

Read more »

Market Today: Nifty Trend and Technical Outlook

The market started its journey with a mild pace and still running in negative region. Yesterday Nifty closed at 5335.15 level and lost 26.50. The likelihood of extending this negative trend could not be ruled out for today as well. Inability to stay above 5350 level could push the index down to 5300 or even below this level. While above 5372 level Nifty can end up with some significant gains.

In Nifty Futures, Traders can go for long above 5377, targeting 5400-5435 level while below 5350 Short selling is recommended by technical analysis.
 

Read more »