Nifty Futures: Intraday Tips for 5th July 2011

Taking cues from global markets, the Indian benchmark index ended the first day of week with green mark. The National Stock Exchange Nifty gained 23.3 points (0.41%) today and closed at 5650.50 after making an Intraday high of 5679.65.

Reality stocks boomed up the day as the giant stocks like Reliance infrastructure and DLF added the significant contribution to the market.

While the Nifty Futures finally settled at 5665.85 up by 27.45 (+0.49%) points.

The Market may face some consolidation phase from here but if Nifty Futures manages to stay above 5678 level, a upside momentum can be seen till 5726 while below 5617 Nifty is seems to be bearish.

Technical Levels-

The First resistance is seen near 5680 above which the next resistance is close to the level of 5726.

The Support zone for Nifty Futures is likely to be 5617- 5600.

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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.

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Nifty Intraday Prediction: Levels for 28 April

The markets ended the day in the red due to the persistent weakness on heavyweight counters such as Reliance Industries and ICICI Bank. The NSE benchmark index S&P CNX Nifty, down -34.50 points or -0.59 % at 5833.90.
The Nifty futures closed and settled finally at 5835.90, down by -45.20 or -0.77 %. In today’s trading session it manages to trade above the 10 days and 50 days moving averages, from this level either side of movement would be expected.

RESISTANCE: It has first resistance close to the level of 5910 & above this level the next resistance is seen near the 6000 mark.
SUPPORT: It has first support close to the level of 5820 & below this level the next support is seen near 5767 mark.

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Nifty Intraday Tips for Monday 4 April 2011

The markets took a pause after an interrupted run in the last eight trading sessions. The S&P CNX Nifty closed at 5826.05, down -7.7 points or -0.13 %.

The Nifty futures closed and settled finally at 5865, up by 6.30 points or 0.11 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5885 else below 5770 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5885 & above this level the next resistance is seen near the 5925 mark.
SUPPORT: It has first support close to the level of 5770 & below this level the next support is seen near 5660 mark.
   

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Nifty Intraday Levels for Next Week (Monday 24th January 2011)

Nifty Future was highly volatile in last trading session and moving under tight range and finally It closed in flat note. If it manages 5755 level it could take rally in near term. Resistance for Nifty Future is at 5755/5860 and it has support at 5628/5565.  One should wait for proper break out in either side to take any position.

  RESISTANCE:It has first resistance close to the level of 5755 & above this level the next resistance is seen near the 5860 mark. 

  SUPPORT: It has first support close to the level of 5628 & below this level the next support is seen near 5565 mark.





   

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