Intraday Nifty Trading Tips: Technical Outlook 23 Feb 2011

Civil unrest in Libya and negative global clue made The S&P CNX NIFTY closed at 5476.10, down by 52.05 points or -0.94 %. The Indian VIX which is currently at 26.85 and it was up by 1.94 points or 7.79 %. It indicates that the market will continue to be in a downward trend.

NIFTY Futures closed at 5476.10, down by 52.05 points or -0.94 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5395 else above 5540 it would be in a bullish trend.

RESISTANCE: It has first resistance close to the level of 5540 & 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 5330 mark.

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Nifty Intraday Levels for Monday 14 February 2011

The benchmark indices bounced back from the psychological level of 5200 and closed. The S&P CNX Nifty shut shop at 5310, up 84.20 points or 1.61 %. The Indian VIX which is currently at 23.47 and it was down by 1.35 points or -5.43 % indicates that the market will continue to volatile in the short term.
NIFTY Futures closed at 5312.90, up by 83.75 or 1.58 %. It is looking bullish in the coming trading session if it manages to break the resistance level of 5350 else below 5170 it would be in a bearish trend.

RESISTANCE: It has first resistance close to the level of 5350 & above this level the next resistance is seen near the 5420 mark.
SUPPORT: It has first support close to the level of 5170 & below this level the next support is seen near 5135 mark.

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Nifty Intraday Trading Tips For 13 Jan 2011

Nifty future was highly volatile in last 2 trading sessions but still managed to hold its strong support level of 5700 . It has shown some resilience around 5680-5700 and ended up with green signal. If nifty future breaks 5925/ level we can see some more up move in it . One should take long position in it with stop loss of 5700,Resistance for nifty future is at 5925/6000 and has support of 5745/5700 levels.

RESISTANCE: It has first resistance close to the level of 5925 & above this level the next resistance is seen near the 6000 mark.
SUPPORT: It has first support close to the level of 5745 & below this level the next support is seen near 5700 mark.

Trading Tips:

Strategy : Buy On Dips
Buy  at  5825  TG- 5850-5875-5900 SL- 5700

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Nifty For Tuesday 4 January 2011

Technical View On Nifty :

 
  Nifty Future opened with gap but not sustaining at higher level and closed near to its days low. If nifty future sustain above 6200 level we can see good up rally and it can test the level of 6300 in near term. On the down side If it break 6100 level we can see some correction in it. One should take position after proper break out in either side. Resistance for Nifty future is at 6248/6321 and it has support at 6130/6068 levels.

  RESISTANCE: It has first resistance close to the level of 6248 & above this level the next resistance is seen near the 6321 mark.

SUPPORT: It has first support close to the level of 6130 & below this level the next support is seen near 6068 mark.
 

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Share Market Review: Prediction for Monday 13 September '10

Nifty continue the upward move today and made the yet another positive session. Today it most of the time trade above 5600 which is technically strong sign. The next resistance for nifty future seems in the zone of 5700 to 5710. Decisive closing above this resistance zone may lead the nifty future towards the level of 5850 in near run. In the downside the immediate support for nifty future seems close to the level of 5565. Decisive closing below this level may create further selling pressure in nifty future. For intra day trading we recommend long position in Nifty future from the current levels for the target of 5700 with the SL around 5585.


  Sensex witnessed the positive session and in the end made the closing in the green zone. Now the next key resistance for Sensex seems close to the level of 19000. Decisive closing above this resistance may guide the Sensex towards the levels of 19150 to 19200 in near run. In the downside the immediate support for Sensex seems close to the levels of 18530. Decisive closing below this support may slip it till the lower level of 18360 in near run. 

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