Bank Nifty Outlook for Next Week (Monday 14 February 2011)

Bank Nifty Futures closed at 10465, up 370.25 points or 3.67 %.In banking sector index heavy weighted PNB, ICICI, AXIS lead the row. South Indian bank and ING Vysya Bank gained 7.10 % or 6.51 % respectively. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 10515 else below 10010 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 10515 & above this level the next resistance is seen near the 10800 mark. 

SUPPORT: It has first support close to the level of 10010 & below this level the next support is seen near 9950 marks.

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NSE Market Updates and Trading Tips For 18 January 2011

Nifty Future moved under a tight range after sharp fall in last 10 trading sessions and closed in flat note. NSE Index closed at 56,54.75 just 0.2 points more than previous closing and traded in a range of 5625-5680. If it manages to sustain below 5620 level we can see some more down trend in it. One should wait for proper break out. Support for Nifty Future is at 5600/5565 and Resistance is at 5730/5860 levels.

RESISTANCE: It has first resistance close to the level of 5730 & above this level the next resistance is seen near the 5860 mark.

SUPPORT: It has first support close to the level of 5600 & below this level the next support is seen near 5565 mark.

Trading Strategy- There seems No particular direction for Nifty to move. If Nifty Manages to sustain above 5700 It May see the rally up to 5750-5800-5850 below 5600 it may see 5565-5510.

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Nifty Sensex Technical Levels: 9 September '10

Nifty made the flat closing of the high volatile session. Today it was the overall range bound session and we had seen both side movement in the market. Now the key thing is that still nifty future is trading above the 5540 to 5550 zone which is the good short term support zone for nifty future. Decisive closing below this support may slip it till the lower levels of 5490 to 5500 in near run. In the upside the next technical resistance seems close to the level of 5700. For intra day trading we recommend long position in nifty future from the current levels for the targets of 5650, 5700 with the intra day SL around 5540.

  Sensex witnessed the high volatile session and in the end made closing in green zone on flat note. The next resistance zone for the Sensex seems to the levels of 18850 to 18900. Decisive closing above this level may lead the Sensex towards the level of 19150 to 19200 in near run. In the downside it is having the crucial short term support close to the levels of 17800 to 17850. Decisive closing below this support zone may slip the Sensex towards the lower level of 17400 in near term.

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Nifty Position On Monday 6th September 2010

  Nifty witnessed a range bound movement today & in the end made a flat closing in red. In the upside it is facing a resistance in the zone of 5500 to 5510. Decisive closing above this resistance zone may take up it till the level of 5550 in near run. In the downside the short term support for nifty future seems to be at the levels of 5350 to 5355. Decisive closing below this support zone may slip it till the lower levels of 5295 to 5300 in near run. For trading we recommend buy on dips until it close below 5410 for the target of 5550, 5600 in near run.

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Nifty Levels for Thursday 2nd September 2010

  Nifty made the strong upside session today and close in the green zone. The next key resistance for nifty future seems to be at the level of 5550. Decisive closing above this resistance may lead the nifty future for the level of 5700 in near run. In the downside the key short term support seems to be at the levels of 5350 to 5355. Decisive closing below this support zone may slip the nifty future till the levels of 5295 to 5300 in near run. For trading we already recommend buy on dips until it close below 5350 for the targets of 5550, 5600.

Sensex may face the next resistance close to the levels of 18450 to 18500. Decisive closing above this resistance zone may take up the Sensex till the level of 18800 in near run. in the downside it is getting the short term support close to the levels of 17800 to 17850. Closing below this support may slip it till the lower level of 17400 in near run.

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Bank Nifty For Tomorrow

Bank nifty technically looking week and we might expect some more correction in it from the current levels, the crucial short term support for bank nifty future seems to be at the level of 10500. Decisive closing below this support may slip it till the lower level of 10350 in near run. In the upside the immediate resistance seems to be at the levels of 10940 to 10950. Decisive closing above this resistance zone may lead the bank nifty future towards the level of 11200 in near run.

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BSE-Sensex Technical Vew - 23 August 2010

Sensex today ended at 18400 level loosing 53 points It may face the next resistance close to the levels of 18800 to 18850. Decisive closing above this resistance zone may take it up till the levels of 19170 to 19200 in near run. Sensex made a strong come back from the lower levels as we already mention in our previous reports. Now the short term support for Sensex seems close to the levels of 16950 to 17050

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Nifty Sensex- Technical Levels for Friday, 20 August '10 and Trading Tips

Nifty broken the crucial resistance of 5500 today and after it made the strong closing as well. The next resistance in it seems to be at the level of 5535. Closing above this resistance may take up it till the levels of 5600 to 5610 in near run. As we already recommend buy on dips in nifty future until it close below 5350 for the targets of 5450, 5500, 5550. Today market achieved the second target also. Now one may hold the long in nifty future until it close below 5440 for the target of 5600. Those who like to initiate new longs they may do above 5335 for the target of 5600 with sl around 5495.

Sensex may face the next resistance close to the levels of 18800 to 18850. Decisive closing above this resistance zone may take up it till the levels of 19170 to 19200 in near run. Sensex made the strong coma back from the lower levels as we already mention in our previous reports. now the short term floor for Sensex seems close to the levels of 16950 to 17050.

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Nifty Tips : Trading recommendation for 12 August 2010

Nifty witnessed the correction today & in the end closed near to the levels of 5400 to 5405. The next crucial support zone for nifty future seems to be at the levels of 5350 to 5360. Decisive closing below this support zone may slip it till the levels of 5300 to 5305 in near run. Technically nifty still looking get back from the current levels, so one may keep long in nifty future until it close below 5350 for the targets of 5500,5550.

  Sensex witnessed the correction today and in the end closed near to the level of 18070. The next short term key support for Sensex seems to be at the levels of 17820 to 17850. Decisive closing below this support zone may slip it till the lower levels of 17400 to 17500 in near run. Sensex technically still looking strong to bounce back from the support levels.

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