Nifty Futures- Intraday tips (6th July 2011)

As we expected yesterday the market today faced a consolidated phase on Tuesday. Lack of global cues resulted in less volume in the market which let Nifty index to open with flat note. Nifty Index dragged 0.33% with the loss of 18.40 points.

Nifty futures settled at 5651.10 with a decline of 14.57 bearing a loss of 0.26 %.

An upside trend can be seen in Nifty if it able to break above 5674 which can lead Nifty To touch 5693-5726 level initially. Below 5600 Nifty may face downtrend.

Technical Levels-

The first resistance close to the level of 5674 & above this level the next resistance is seen near the 5700 mark.

It has first support close to the level of 5628 & below this level the next support is seen near 5600 mark. 

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Nifty Intraday Tips For 30 June 2011: Technical Outlook and Market prediction

The Domestic market Today was supported by the strong cues from Asian markets which prevailed the foreign investors interest and helped market to continue its upward rally. The Nifty Index finally closed near its day high at 5600.45, rallying 55.15 points with a gain of almost 1%.

The Future Derivative of NSE index (Nifty Futures) rallied up 55.08 (0.99%) and finally settled at 5604.10. It is likely to remain bullish till it manages to sustain above 5625 levels which crucial upside resistance level for tomorrow. On the downside 5490 will act as an important level below which Nifty futures could face some downward trend.

Support and Resistance levels-

First resistance for Nifty futures is seen near 5625 level above which the next major resistance is 5726 mark. On the downside the first support level is close to 5564 mark and next support is seen near 5470 level.

Nifty Intraday Tips for Tomorrow-

Buy NIFTY above 5617.50 for the targets of 5640-5665. Keep a Stop-loss below 5578 mark.

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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.

For Intraday Stock Tips For Tomorrow Visit- Stock Tips Page

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Nifty review Today and Market Trend for 17 June 2011

Markets succumbed to selling pressure in the last leg of trade after Reserve Bank of India raised rates by 25 bps which may weigh on margins and profitability of India Inc as loans would become more expensive. The S&P CNX Nifty finally closed near day’s low at 5396.75, down -50.75 points or -2.48 %.

The Nifty futures closed and settled finally at 5409 down by -41.60 points or -0.76 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5350 else above resistance level of 5460 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5460 & above this level the next resistance is seen near the 5540 mark.
SUPPORT: It has first support close to the level of 5350 & below this level the next support is seen near 5230 mark.

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Nse Market Today and Intraday levels for Tomorrow (10th June 2011)

 Market Today-

Benchmarks Indices ended on a flat note due to lack of interest  from investors in a direction-less market. Auto, Pharma and Technology stocks ended in the red while capital goods and power space led the gainers pack. The 50-share NSE Nifty down by -5.80 points or -0.10% to end at 5521.05.

Nifty Futures technical Outlook 

The Nifty futures closed and settled finally at 5522 down by -7.85 points or -0.14 %. 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 5475 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 5475 & below this level the next support is seen near 5415 mark.

In banking, CNX Bank Index lost -9.39 points or -0.05 %. Amongst the banking stocks State Bank of India, United Bank of India and Kotak Mahindra Bank lead the row.

Bank Nifty Futures shut stop at 10788.45 down by -11 points or -0.10 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 10850 else below support level of 10720 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 10850 above this level the next resistance is seen near to the level of 10990.
SUPPORT: It has first support close to the level of 10720 & below this level the next support is seen near 10620 marks

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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

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Nifty Futures- Intraday Outlook For Tomorrow

The markets closed in the red for the third consecutive day of the week as heavyweights RIL, SBI and ONGC witnessed selling pressure through the day. The S&P CNX Nifty closed the day down -18.35 points or -18.35 % at 5420.60.
The Nifty futures closed and settled finally at 5424.05, down by -23.35 or -0.43 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5380 else above resistance level of 5465 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5465 & above this level the next resistance is seen near the 5540 mark.
SUPPORT: It has first support close to the level of 5380 & below this level the next support is seen near 5310 mark.

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Nifty Prediction for 11 May 2011

The markets closed flat for the second consecutive day with bouts of volatility witnessed throughout the day. The S&P CNX Nifty closed down -9.85 points at 5541.25, down 51 points from the day’s high.

The Nifty futures closed and settled finally at 5545.80, down by 12.85 or -0.23 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5500 else above resistance level of 5595 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5605 & above this level the next resistance is seen near the 5730 mark.
SUPPORT: It has first support close to the level of 5500 & below this level the next support is seen near 5440 mark.

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Intraday Nifty Tips for Monday 28 March 2011

Markets gained smartly in late-noon trades on the back of buying in IT stocks. A positive closing for Asian markets and reports that the government has tabled some key reform bills in parliament this week helped the index to end in the positive for the fourth straight day. The S&P CNX Nifty closed at 5654.25, up 131.25 points or +2.39 %.

The Nifty futures closed and settled finally at 5674, up by 128.20 points or 2.31 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5715 else below 5570 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5715 & above this level the next resistance is seen near the 5800 mark.
SUPPORT: It has first support close to the level of 5570 & below this level the next support is seen near 5510 mark.

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NSE Market Updates: Intraday Nifty Levels for 3rd March

It was a buoyant day for the stock markets, with the S&P CNX Nifty lodging its highest single day gain of 189 points, it was the biggest rally posted by the benchmarks, especially after the UPA re-elected for the second time on May 18, 2009. The 50-share NSE Nifty gained 189 points, to shot shop at 5,522.

The NSE futures closed at 5543.85, up by 205.85 points or 3.86 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5590 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 5590 & above this level the next resistance is seen near the 5715 mark.
SUPPORT: It has first support close to the level of 5375 & below this level the next support is seen near 5300 mark.

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Nifty Intraday Technical View for 10 February 2011

Benchmark Indies S&P CNX NIFTY plummets by 59 points or 1.11 %, in today’s trading session market was volatile with negative bias. The Indian VIX which is currently at 25.24 and it was up by 2.02 % or 0.50 points indicates that the market will continue to volatile in the short term.

NIFTY Futures closed at 5282.05, down 32.40 or 0.61 %. It is looking bearish in the coming trading session if it manages to break the support level of 5206 else above 5350 it would be in a bullish trend.

RESISTANCE: It has first resistance close to the level of 5350 & above this level the next resistance is seen near the 5425 mark.

SUPPORT: It has first support close to the level of 5206 & below this level the next support is seen near 5140 mark.

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Nifty Futures Support and Resistance for 4 February 2011

Market shrugged off the news of spike in inflation and high interest worries the benchmark S&P CNX NIFTY gained 94.75 points or 1.74 % and SENSEX gained 358.69 points or 1.98 %.

Nifty futures from the last few trading session moving in a particular range of 5410-5550. It is now taking resistance at 5550/5625 and support at 5410/5350. Nifty is looking positive in the coming trading session if it manages to trade above the resistance level of 5550 else below 5625 it would might face more selling pressure.

RESISTANCE: It has first resistance close to the level of 5550 & above this level the next resistance is seen near the 5625 mark.

SUPPORT: It has first support close to the level of 5410 & below this level the next support is seen near 5350 mark.

Intraday Nifty Tips-Buy above 5555  TG-5590-5610  SL-5529.

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Intraday Levels For Nifty (14 January 2011),

It was a volatile session for Nifty and It plunges 111 Points. Market is not sustaining Higher levels. Today Nifty opened on a negative note and after making a high of 5857 it showed intense selling pressure during the day and made a low of 5736 levels. Finally nifty closed with red mark (5750) with 1.90% of loss.

If it breaks 5700 level ,It may take more sharp fall , One should take position after proper break out. Support for Nifty Future is at 5700/5670 and Resistance is at 5885/5925 levels.

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 5700 & below this level the next support is seen near 5670 mark.

Trading Strategy-

Buy Above 5790 TG-5820/5875 .
But If Nifty does not show strength above 5,750 levels then selling pressure till
5690- 5625-5550 levels may also be seen.

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NSE MARKET Review and Trading recommendation For 12 January

Nifty Future manages its strong support of 5700 level and saw a strong recovery in last hour of todays session and it ended Up flat showing great resilience in last hour of trading . It is a good sign of recovery but one should take position only after proper break out. It closed today at 5,754.10 , 8.75 Point down from the previous level (-0.15%). Support for nifty future is 5700/5670 and has resistance is at 5860/5915 levels.

RESISTANCE: It has first resistance close to the level of 5860 & above this level the next resistance is seen near the 5915 mark. 

SUPPORT: It has first support close to the level of 5700 & below this level the next support is seen near 5670 mark.

Trading Recommendation :

Buy Nifty Above  5800 TG-5850-5900

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