Nifty Trading Levels: 30 May 2011

The S&P CNX Nifty added 63 points or 1.18 % to close at 5476.10.  

The Nifty futures closed and settled finally at 5472, up by 81.35 points or 1.51 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5490 else below support level of 5415 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5490 & above this level the next resistance is seen near the 5530 mark.

SUPPORT: It has first support close to the level of 5415 & below this level the next support is seen near 5310 mark.

Read more »

Intraday Nifty Tips for Monday

The S&P CNX Nifty closed down -78.90 points or -1.40 % to 5586.15.

The Nifty futures closed and settled finally at 5486.60, down by -78.05 or -1.40 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5440 above the resistance level of 5580 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5580 & above this level the next resistance is seen near the 5730 mark.

SUPPORT: It has first support close to the level of 5440 & below this level the next support is seen near 5350 mark.

Read more »

Nifty Technical Outlook for 24 Feb 2011

S&P CNX Nifty closed on a negative note following weak global cues and ongoing strife at Libya. Banks, technology and realty stocks were the top sectoral losers while auto and oil gas space ended higher.
The NSE benchmark indices closed 5437.35, down by -31.85 or -0.58 %. %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5395 else above 5520 it would be in a bullish trend.

RESISTANCE: It has first resistance close to the level of 5520 & above this level the next resistance is seen near the 5600 mark.

SUPPORT: It has first support close to the level of 5395 & below this level the next support is seen near 5335 mark.

Read more »

Nifty Intraday Tips- Support and Resistance for 17 Feb

Market turned to sidelines after three consecutive bullish trading sessions which pushed the market up 4.6 %. The S&P CNX NIFTY closed at 5481.70, up 0.70 points or 0.01 %. The Indian VIX which is currently at 23.05 and it was up by 0.88 % or 0.20 points indicates that the market will continue to volatile in the short term. NIFTY Futures closed at 5494, up by 17.90 points or 0.33 %. It is looking bullish in the coming trading session if it manages to break the resistance level of 5566 else below 5450 it would be in a bearish trend.
RESISTANCE: It has first resistance close to the level of 5566 & above this level the next resistance is seen near the 5625 mark.

SUPPORT: It has first support close to the level of 5450 & below this level the next support is seen near 5400 mark.

Read more »

Nifty Intraday Tips- Trading levels for 2nd Feb 2011

Indian equity Indices ended in the deep red toda. 50-share index Nifty touched intraday low of 5402 and the 30-share index Sensex touched a low of 17982.17. S&P Nifty managed to hold back the 5400 mark and Sensex close below the 18000 level.
On the back of consistent sell off for 5th consecutive trading session Nifty future made a low of 5411.20 and it managed to hold back psychological level of 5400.

Resistance – 5545/5600
Support – 5350/5300

Nifty futures is showing a good support at 5350, once this level is cross it might face more selling pressure which can make the nifty to test the level of 5300 else it has major resistance at 5545 above this level nifty would be in a bullish trend.

Read more »

NSE Market Outlook and Trading Strategy

The 50 shares NSE Market Index showed a smart recovery in last couple of hours of todays trading session and closed with moderate gain. Banking and IT sector helped boosting the market while FMCG and Oil & gas companies were the prime losers. Nifty Future is volatile and moving under range of 5753-5629 from last few trading session. Today it closed near to its resistance level so it may take up move in coming trading session till 5820. On another side if it breaks 5625 level it may take some correction. One should wait for proper break out on either side. Resistance for Nifty Future is at 5755/5885 and support is at 5625/5560 levels.

RESISTANCE: It has first resistance close to the level of 5755 & above this level the next resistance is seen near the 5885 mark.
SUPPORT: It has first support close to the level of 5625 & below this level the next support is seen near 5560 mark.


Trading Strategy- Buy Nifty Above 5750 TG-5800-5850

  

Read more »

Nifty Trading Levels for Monday (Next Week) 17 January 2011

Nifty future had seen sharp correction below 5700 level after increasing inflation and on concerns that the Reserve Bank may hike interest rate, and closed near its days low. It can take more correction in coming trading session so one should adopt strategy of sell at higher level. Support for nifty future is at 5597/5515 and Resistance is at 5790/5860 levels.

RESISTANCE: It has first resistance close to the level of 5790 & above this level the next resistance is seen near the 5860 mark.

SUPPORT: It has first support close to the level of 5598& below this level the next support is seen near 5515 mark.

Read more »

Nifty Technical overview for 21 December 2010

Nifty future opened gap down but saw a smart recovery in second half session  and closed in flat note. If nifty future manages to sustain above 6000 level we can see some more recovery in it . Resistance for nifty future is at 6021/6095 and support is at 5900/5860. One should take position after proper break out in both the side.

RESISTANCE:  It has first resistance close to the level of 6021& after it may face the next resistance close to the level of 6095.

SUPPORT: It has first support close to the level of 5900 & after it may get the next support close to the level of 5860.

Read more »

Nifty Technical View For Friday 3 December 2010

Nifty future has strong resistance at 6060 and traded in a narrow range, and closed near to its resistance level,  if nifty future sustain above 6060 level we can see some more up move to 6150 levels . One should take long position above 6060 level . resistance for nifty future 6060/6150 and support is at 5925/5875.

Resistance: It has first resistance close to the level of 6060 & after it may face the next resistance close to the level of 6150.

Support: it has first support close to the level of 5925 & after it may get the next support close to the level of 5875.

Read more »

Market Outlook for Thursday November 4 , 2010

  Nifty future moved in a narrow range between 6214 to 6175 levels. Nifty future has closed above its previous resistance at 6180 and now may continue to move upwards to 6250 levels.

Support for nifty future is at 6128/6104 levels and resistance is at 6250/6280 levels. 

  Bank Nifty future moved in the range of 12875 to 12995 levels. Bank nifty future has closed above its previous resistance at 12900 and now may continue to move upwards to 13150 levels.

Support for bank nifty future is at 12860/12750 levels and resistance is at 13150/13250 levels.

Read more »