Nifty Technical Levels for 17 September 2012

Federal Reserve's QE3 and price hike in diesal cuased a huge gap up opening in Nifty today and Indian stock market surged more than 2.40% today. Nifty managed to cross the crucial level of 5,550 and closed at 5577.65 with a gain of 2.62%.

From here nifty may hover around a narrow range of 5400-5650 at least for near term. Since the rally was conditional, considering this rally as a break out will be too early. We expect the Nifty to remain range-bound in the 5250-5650 range for the next couple of months.

Technically , if nifty breaches 5,390 , further selling up to 5,200 can be seen. On the other hand, a move beyond 5650 could pave the way forward to 5900. 

The Nifty has been making higher tops and bottoms since the last 4 months and it took support at 4770 and rose to make a high of 5348. 

Nifty Futures closed at 5577 with a gap up opening of 90 points and made a high of 5597 now next hurdel for nifty is 5600.

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Market Outlook For Today: 10 August 2012

Due to weak cues from international markets, today's session began with the fall of 0.25 per cent. 

Technical, IT, FMCG stocks are 0.5 to 0.3 per cent stronger.Health care, realty, bank stocks is idling. Oil & Gas, PSU, metal, power, capital goods stocks are weak 0.2-0.4 per cent. Consumer durables, auto shares have fallen 0.6 per cent.

Bharti Airtel continued to fall after 2 days of profit booking and bounced back to rose 2 per cent. 

First quarter earnings rose by 0.5 per cent of the SBI and Sun Pharma. Excellent results of tech Mahindra have escalated the stock nearly 3% today.

Tata Motors due to weaker than expected results continue to fall and the stock has lost 2.5 per cent.The results were poor and 2.5 per cent of Ranbaxy shares are rolled. Because of poor results, GMR Infra shares have crashed 2 per cent.

For today, the market is likley to remain under selling pressure. A sideways trend with negative bias is likely to dominate the market trend. Technically, Nifty needs to remain above 5300 to avoid major downfall.

For day Trading, Buy Sun pharma above 682 for the targets of 687.50-682.00.

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Intraday Stock Tips for Today- 9 August 2012

Indian Markets made a positive start and started the day on a strong note. The june data awaits ahead which is likley to be supporting market today. Nifty has gained nearly half percent and it may touch the magical level of 5400 today. Trading above the same may extend the chances of reaching 5600 soon.

Stocks to Buy/Sell Today-

Tata Motors- CNBC estimates that in the first quarter of fiscal year 2013 net profit of Tata Motors may increase 37.3 per cent to 2745.45 crore . Financial year of 2012 April-June quarter profit of Tata Motors was Rs 1999.8 crore. Amid these anticipations, Tata motors can do good for Intraday buyers so one can go for buy this stock above 245, Targets- 247.50-249.55.

Coal India- Coal India is the another pick for today which is recommended to buy above 350 for the targets of 354.00-357.00.

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Nifty Trend: Intraday Tips for Today

The market rebounded smartly yesterday after RBI announced the credit policy and major benchmark indices closed the day nearly 0.50% higher. Today, share market opened in a flat note adhering negative bias as us markets closed negative and Asian markets are trading with mixed sentiments.

Nifty needs to  stay above 5144 level to remain bullish for the day. 5200 is the key level to breach for downside.

Intraday Tips for Today-

Cipla for giving strong quarterly results, can be a Good intraday as well as short term pick for traders. Day traders can targets 355-360 for intraday trading.

Buy punj Llyod above 51.50 for the targets of 52.00-52.30.

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Market Today- Nifty Trend for 26 July 2012

Being the last Thursday of the month, Its an F&O expiry today and Indian market witnessed a flat start off. International markets closed mixed with the Dow Jones up 58 and Nasdaq down 8 odd points. A range-bound trading with negative bias is expected today. We can see some downfall in afternoon trade and a recovery thereafter,

Technically 5133 is the level which is required to be sustained for a considerable upside while 5068 can invite levels like 5055-5040.

TCS can be a good intraday stock to trade with. Wipro, on the other hand, can be accumulated for short term trading.

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Market Today and Stock Tips for 24 July

The market has witnessed a gap up opening followed by a positive start. Currently a stable trade can be seen in the market with nifty hovering around 5130-5140 level. So far, only modest gain has been witnessed in the market and Nifty likely to make a closing near 5150 level today. If It sustains above the same, we can expect some rally also. 5100 is acting as immediate support level.


For day trading Stocks, Jindal steel can be a buying option for today above 417.00 level. Traders can go for a target of 420-422.
We recommend Raymond as another intraday pick for today. Buy Raymond stock above 361.50 for the targets of 365.00-367.000 level.

India's third largest software giant, wipro has seen a rise of 18% in net quarterly profit not letting down the hope of market experts and company itself. The stock can be a good near term pick for short term trading.

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Nifty Trading Tips: Expert Advice for Today 23 July 2012

Nifty F&O Call,  Experts Advice Given on CNBC Awaaz:

• Sell with 3-4 day targets of 5100-5060 (spot level) and stop loss of 5180 (spot level), says Santosh Kumar Singh, technical analyst.
• Buy above 5165 or at 5125-5120 with targets of 5200-5250 (spot level) till expiry and stop loss of 5090 (spot level), says Puneet Kinra of Bonanza Portfolio.
• Sell on rallies with a 2-3 day target of 5100 (spot level) and stop loss of 5190 (spot level), says Hitesh Sheth of Prabhudas Lilladher.
• Sell with 1-2 day targets of 5120-5100 (spot level) and stop loss of 5180 (spot level), says Ashutosh Sarna of Max Growth Capital.
• Sell on rally with a 1-2 day target of 5070 (spot level) and stop loss of 5175 (spot level), says Shardul Kulkarni of Angel Broking. 

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Nifty Today Levels- 19 July

With a strong Opening Note, Nifty started off the day well and has gained more than 30 points in first few minutes of the trade. US markets closed higher yesterday and Asian markets are also trading up in this hour so Indian market witnessed a green start up.

If nifty manages to stay above 5250 consistently, we can expect this upside to last for the day long. Above 5270, Nifty may even touch 5300+ levels today.

Technically also, market was almost like in oversold position so the trend is likely to persist for the day. But inability to sustain above 5250 may negate our bullish view.

Future Traders can buy nifty above 5270 for the target of 5300-5320 level.

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Nifty Today and Intraday Tips for 17 July 2012

The market today started the session on a firm note. Strong Asian cues turned the gap up opening into stable start and Nifty is now trading up 31 points after one hour of the trade.Banking, infrastructure, Automobile and pharmaceutical stocks has given a good start to support the market.

Technically Nifty will manage to hold the stability above 5238 level. Sustaining above the same may lead this positiveness to last for the whole day and we can expect a green closing today.

In Futures, one can buy Nifty above 5235, for the target of 5270-5290 and keep a stop-loss below 5200.

Intraday Stocks To Buy Today-

Buy TVS motors above 40.40 TG-41.00-41.30 SL-39.90

Buy Lupin above 575 Targets- 580.00-584.00 SL- 568.50

Buy Infosys for short term target of 2300-2350, intraday target is - 2230-2250

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Nifty Outlook Today: Market News

The markets doesn't seem to come out of its sluggish Mode and remained consolidated today also. Nifty extended the range-bound session and showed up some momentum in the last hour of the trade to close in green near its day high.

Mid Cap and Small cap stocks were the top performance today among which Banking, FMCG, power and capital good outperformed.

NSE's Nifty gained 24.75 points and closed at 5327.30 while Nifty July futures settled at 5344.50 after gaining a premium of 17.20 points.

Market may see some buying momentum tomorrow as investors seems to be positive for the market sentiments. A trade above 5370 can take Nifty futures to 5400-5450 level but negative sentiments may dominate the market below 5270 level.

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NSE News- Nifty Today and Market Trend

The market started flat and then imbibed positive bias to crawl in green zone in the early hour of the trading session. A marginal gain is being seen in the market currently with Tata Motors and ITC witnessing more than 1% gain. Tata Steel, which outperformed in yesterday's bearish market, seems to continue the trend. For a good buying stock , Tata Steel can be the choice.

Nifty is facing its immediate support at 5046 level while 5096 is acting as crucial resistance for upside.

One can buy Nifty futures above 5096 for the target of 5130-5155.

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Market Trend Today- Nifty Tips

The market  started Today's session with upward direction. We predicted earlier that nifty needs to stay above 5000 mark to remain positive for the day , the same could be seen in today's trade also. As long as nifty successfully manages to stay above 5000 level, we can expect the market to close with some more points in its pocket.

Above the level of 5055, market can take a leap upto 5070-5090. The direction of the market is still vague  . For downside, 4909 is still acting as major support for Nifty futures.

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Market Outlook Today and Nifty for Tomorrow

What a day for Indian Stock Markets!. Making all the sectors clsoe in green, the share market closed after substantial gains.

Amid robust global cues and on the back of the hope of rate cut by RBI, Nifty earned 134 points to close near its day high of 5009 and rose over 2.70%. The Major factor for today's elevation was the anticipation that Reserve Bank of India may go for maximum 50 basis points repo rate cut instead of 25 bps in its policy meet which is schedule to be announced on June 18. This cut in rate could be a big relief for infra stocks.


For Tomorrow i.e 6 June, 2012, market may go further up. Technically, Nifty futures will have to stay above 5000 level to remain positive while 4900 is acting as stiff support level for Nifty future. Trader needs to be cautious for intraday trade and keep an eye on the market affecting cues before taking any decison.

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Market Forecast for Tomorrow: 16 may 2012

As we predicted, the market broke the five-day losing streak and  touched the green level today to make a substantial gain on index. Nifty could able to touch 4950 level and finally closed near it at 4942.80.  Market is likely to continue this positive trend  if Nifty prevails the level of 4950. we can expect the NSE index to touch 5000 soon above this level. While trading below 4900 may cause a downside in the market again.

Nifty Future Tips for Tomorrow-

Buy Nifty Futures above 4968 for the targets of 4982-4996-5010 Stoploss- 4928

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Nifty Trend and Intraday Tips for Today

The market may suffer a 30-40 point decline initially  and a pull back later.  Nifty is facing support zone of 4866-4840 and a trade below these levels may push down the market further.
Staying above 4930 may bring up some positiveness in the market. Technically Nifty  is looking positive for today and we can see some upside momentum  in today's trade.


Stocks To Watch Today- 


Bajaj Auto- Buy Above 1589, TG- 1600-1610 SL- 1579
Tata Chemicals- Buy Above 330 TG- 333-335 SL-326.50

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Nifty Today: Market Trend and Trading Tips for Today

The market started the day with red mark and likely to continue this trend for the day. Nifty  has breached the psychological  level of 5000 and now heading towards 4950 level as per the technical analysis.

For Today Nifty futures can be opted for short selling. 

Sell Nifty Below 4989 TG-4967-4955-4938 Stoploss- 5035

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Nifty Trend Today and Technical Outlook

Today Nifty, After a flat start, showing positive momentum and expected to trade higher. Technically sustaining above 5245 level would prevail the positive momentum in the market and above this level, 5260 is the crucial resistance level. On the downside, 5292 is the support level for Nifty. Trading range for Nifty Futures is likely to remain between 5180-5275 level. The Nifty is likely to trade in the range of 5190-5270. One should go for buy in Futures if the Nifty takes support at around 5200 levels for targets of 5235 and 5258. On the other hand, one can also create short positions if it resists at around 5260 levels.

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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.
 

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Nifty Trend Today and Market Outlook

As we predicted that trading above 4800 would push Nifty towards 4850 level and the same happened on Tuesday. The market gained over 2% and Nifty closed at 4849.55. The positive cues from Asia and Europe supported the market which strengthened further by Moody's upgraded India's rating to investment grade. Though it seems like a short covering, the market had quite good breadth and volume so technically we can expect market to extend the bullish momentum today as well.  Nifty Futures closed at 4871.65 up by 119.85 points. It has first resistance near 4897 level and breaching the same may call for a rally till 4850.  Support is lying around 4816 level.
 

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Nifty View Today and Market Trend for Tomorrow

Indian market surged today and marked over 2.5% gain on index. The metal and capital goods stocks led the market to the heights and NSE's Nifty closed at 4765.30 and earned 128.55 points. Nifty futures settled at 4777.50 up by 2.78%.

The market is likely to take a another rally of 40-50 points tomorrow. After reaching 4850-4900 level market could go sluggish for a while and we can expect even some lower levels after that. Technically, resistance for nifty futures is seen around 4798 while support level for nifty is 4688. Trading above 4850 would extend the bullish trend towards 4900.

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