Nifty Today and Intraday Levels for 8th June 2011

Indian Market (NSE) Today- 

After making so many reds and Green finally the market closed in positive region making a mild gain for the day. The 50-share NSE Nifty Index  rose just 24.10 points or 0.44 %,  to end at 5,556.15.

The Nifty futures closed and settled finally at 5563 up by 28.80 points or 0.52 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5580 else below support level of 5508 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5580 & above this level the next resistance is seen near the 5630 mark.

SUPPORT: It has first support close to the level of 5508 & below this level the next support is seen near 5415 mark.

In banking, CNX Bank Index gained 18.80 points or 0.17 %. Amongst the banking stocks Yes Bank, Karnataka Bank and City Union Bank and Lakshmi Vilas Bank lead the row.

Bank Nifty Futures shut stop at 10882 up by 50.85 points or 0.47 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 10935 else below support level of 10760 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 10935 above this level the next resistance is seen near to the level of 11240.
SUPPORT: It has first support close to the level of 10760 & below this level the next support is seen near 10620 marks

Read more »

Nifty Futures Prediction for Thursday 10th March 2011

The Nifty futures closed in the red and settled finally at 5532, down -4.25 points or -0.08 %.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5580 above this level it would be in a bullish trend else below 5315 it might face more selling pressure.

RESISTANCE: It has first resistance close to the level of 5580 & above this level the next resistance is seen near the 5625  mark.

SUPPORT: It has first support close to the level of 5506 & below this level the next support is seen near  5460 mark.

Read more »

Nifty Prediction for 9th March

Benchmarks ended on a positive note as easing crude oil prices boosted market sentiment. The S&P CNX Nifty closed at 5537.15, up 61.50 points or -1.12 %.

The Nifty futures also moved in the positive zone touching a high of 5548 and settled finally at 5537.15 up 61.55 points or +1.12 %.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5622 above this level it would be in a bullish trend else below 5375 it might face more selling pressure.

RESISTANCE: It has first resistance close to the level of 5622 & above this level the next resistance is seen near the 5675 mark.
SUPPORT: It has first support close to the level of 5400 & below this level the next support is seen near 5335 mark.

Read more »

Nifty Trading Levels : Market Forecast for 8 March 2011

On the back of geo-political concern, rising oil prices and domestic political turmoil, the market today opened on a weak note. The S&P CNX Nifty closed at 5463.15, down -75.60 points or -1.36 %.

The NSE Nifty recovered from a low of 5400, to close at 5482.45 down -0.97 %, or -53.50 points. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5622 above this level it would be in a bullish trend else below 5375 it might face more selling pressure.

RESISTANCE: It has first resistance close to the level of 5622 & above this level the next resistance is seen near the 5715 mark.

SUPPORT: It has first support close to the level of 5400 & below this level the next support is seen near 5335 mark.

Read more »

Nifty and Bank Nifty Levels For 15 October 2010

Nifty future after facing strong resistance near 6320 has seen some profit booking in the last trading session. now on the upside resistance is at 6250/6280 levels and on the downside support is at 6140/6080 levels. 

Recommendations- We recommend selling on rise with strict stoploss of 6260.

  Bank Nifty future after facing strong resistance near 12885 has seen some profit booking in the last trading session. Now on the upside resistance is at 12690/12760 levels and on the downside support is at 12520/12400 levels. 

Recommendations- We recommend selling on rise with strict stoploss of 12885.

For COMMODITY TIPS - CLICK HERE  

Read more »

Nifty Future Prediction For Wednesday 22 September 2010

  Nifty future continued the upward rally with yet another positive session. Now the next technical resistance zone for nifty future seems in the zone of 6050 to 6060. Decisive closing above this resistance zone may further confirm more gains in nifty future. Today overall it witnessed high volatile session with positive bias. The immediate support for nifty future seems close to the level of 5950. Closing below it may slip nifty future till the levels of 5875 to 5880 in near run. For intra day trading we recommend long position in nifty future until it close below 5950 for the targets of 6050,6100 in near run.

Read more »

Nifty Prediction For 20 September 2010

Nifty witnessed a high volatile session with positive bias today. Overall it was yet another positive session for the market. Technically nifty future may face the next resistance close to the level of 6000. Decisive closing above this resistance zone may further advance nifty future towards more gains. In the downside the immediate support for nifty future seems close to the level of 5865. Decisive closing below this support may make it slip till the lower levels of 5820, 5775 in near run. For intra day trading we recommend long position in nifty future until it close below 5820 for the target of 6000 in near run.

Read more »

Nifty Future Prediction: Levels for tomorrow (17 September '10)

  Nifty future today witnessed a high volatile session and in the end made a closing in the red zone. Today it crossed the level of 5900 but was not be able to sustain above it. In the next trading sessions we might see some consolidation in the market. In the downside it may get the immediate short term support close to the level of 5750 to 5760. For intraday trading we recommend buy on dips strategy in nifty future until it close below 5750 for the target of 6000.

Read more »