Nifty is looking to hold broad trading range of 5205 to 5300 for some period of time from here. In the upside we could expect the target of 5370 in nifty future. We recommend that traders could go for long in nifty future until it close below the support range of 5190 to 5205. Closing below this support range could push the nifty future till the lower levels of 5145 to 5150 in near term.
Wednesday, March 31, 2010
Tuesday, March 30, 2010
Technical View and Recommendation on NIFTY
Nifty witness some correction on highs today and also made closing below the level of 5300. In the nifty in short term we might see the lower level of 5205 to 5210. But still we are expecting that nifty future could hold the support range of 5190 to 5200. So we recommend that traders could go for long in nifty future until it close below the levels of 5145 to 5150 for the upside tg of 5370.
Monday, March 29, 2010
Further Target For Bank NIFTY (see saturday's post)
Saturday, March 27, 2010
Bank Nifty Future Tips
Bank nifty future made the strong upside breakout on long time frame charts and also made strong closing above it. In the bank nifty future we recommend long position for the tg of 9590 and if it close above 9600 and sustain this level then one could go for the tg of 9720 in it during near term. The traders could even go for buy on dips in bank nifty future until it close below the support range of 9300 to 9330. Technical indicators like rsi is also in great direction in daily as well as in weekly charts giving the positive signal for bank nifty future.
Friday, March 26, 2010
Technical View and Recommendation on NIFTY
Nifty made the strong upside breakout today as we had mentioned in our previous reprot that nifty could break the upside level of 5300 today. Now nifty is looking to continue its uptrend for while. Closing above 5300 could lead it till 5370 to 5375 range.we recommend that traders should be in long side in nifty future from here for the tg of 5370 to 5375 with the sl of 5250. The short term support range for the nifty future seems to be at the levels of 5190 to 5200.closing below this range could slip the nifty future till 5145 to 5150 levels.
Thursday, March 25, 2010
NSE - NIFTY Trading Tips
Nifty witnessed the high volatility back by the f&o expiry today. Still nifty future holding the 5200 level and getting the strong buying support around it. In the upside we could expect the breakout and nifty could touch the level of 5370 to 5375 in few trading sessions if it closes above 5300 to 5305 range. In the downside the short term support base is seems to be at the range of 5145 to 5150. We recommend that traders should focus on long side in nifty future until it close below 5145 to 5150 range, and they should also book the profit close to the level of 5300 once.
Tuesday, March 23, 2010
NSE - NIFTY Trading Tips
Nifty witnessed high volatility today and again get the good buying support at the level of 5190 to 5200. Nifty is holding the 5200 level from few trading sessions which indicating that market is having positive strength and could continue this uptrend for a while. In the upside the nifty future could face the major resistance around the level of 5300. Closing above could take it the nifty future till 5370 in short term. In the downside below 5190 nifty could slip till the level of 5145 to 5150.
Monday, March 22, 2010
Nifty Trading Strategy for Traders
TECHNICAL VIEW:
NIFTY FACING THE RESISTANCE CLOSE TO THE LEVEL OF 5300, AS WE HAD ALREADY MENTIONED IN OUR PREVIOUS REPORT THAT MARKET COULD STAY IN THE RANGE BELOW THE LEVEL OF 5300 & TRADERS NEED TO BE CAUTIOUS IN INITIATING THE LONG POSITION.IN THE NEXT TRADING SESSIONS WE COULD EXPECT SOME CORRECTION IN NIFTY FUTURE. THE INTRA DAY SUPPORT RANGE IS SEEMS TO BE AT THE LEVEL OF 5145 TO 5150. CLOSING BELOW COULD SLIP THE NIFTY TILL 5000 IN SHORT TERM. WE RECOMMEND THAT FOR TOMORROW SESSION TRADERS COULD GO FOR SELL ON NIFTY FUTURE BELOW 5150 FOR THE TARGET OF 5020 TO 5025 WITH THE SL OG 5205.
Friday, March 19, 2010
Nifty Trading Strategy for Traders
Today's Technical View:
Nifty made the new high today and also hold the level of 5250. In the nifty the major resistance zone is 5300 to 5305. We could see that market could stay at that point for some time. Closing above that could take it the nifty future till 5370 in short term. We recommend that traders need to be cautious close to the level of 5300 for taking new long position. The intra day support seems to be at the level of 5200 to 5210. The key support base for nifty future is in the range of 4990 to 5000.
Thursday, March 18, 2010
Nifty Trading Strategy for Traders
Technical view:
Nifty is holding the upside rally and getting the strong buying supprot at the lower levels. In the upcoming trading session we could expect that nifty could face the major resistance in the range of 5300 to 5305. Closing above could further confirm the upside the momentum and could see the level of 5370 to 5375. Traders could adopt any out of the two strategy in nifty future, first they could buy it close to the level of 5200 with sl of 5150 for the tg of 5290 to 5300 or they could go for sell on it around the level of 5265 to 5270 level and keep sl of 5300 in it for the tg of 5200.
Wednesday, March 17, 2010
Technical View on NSE - NIFTY
Nifty made the new high today and also hold the higher level of 5200. In the nifty future the next crucial resistance is 5305. We expect that market could stay at this point for some time. In the downside we could see the good intraday support base at the range of 5150 to 5175. We recommend that traders should go for long in nifty at every correction until it close below the level of 5175 to 5180. If nifty hold the 5300 level and close above it we could expect the level of 5370 in short term.
Tuesday, March 16, 2010
Nifty Trend
Nifty made the upside breakout today and also made closing above 5175 level. As we had already mentioned in our previous report that if nifty future break above 5175 & close we could expect the level of 5230. Today it almost reached close to it. Now we are expecting that this upside rally could continue in market and might see the level of 5300 if it close above 5250 level. We recommend long position in nifty future and traders should also book the profit once close to the level of 5300.
Monday, March 15, 2010
Nifty Trend
Nifty facing the resistance around the level of 5145 to 5160 level. But the one thing which is very vital is the recovery from the lower levels and holdings the level of 5100. Technically still it is looking to continue it's up trend for while and could make more upmoves from here, above 5175 we could expect the level of 5230 in nifty future. The intra day support base is seems to be at the level of 5045 to 5050.
Saturday, March 13, 2010
Bank NIFTY Tips
Bank nifty has made the good upside breakout above 9200 but did not made the closing above and also not getting the volume accumulation at higher levels. In it as we had discussed that it could be in upside consolidation for the week it happens. Now in this week we recommend sell on higher levels in bank nifty future. It might face the resistance at higher levels and could be in the range of 9095 to 9345. Above 9345 we could expect the target of 94440 in it. The good support base seems to be at the level of 8990 to 9000 for it.
Friday, March 12, 2010
Forecasting Nifty Trend
Nifty made a new high today and also made the good closing. Nifty continuously holding the crucial support level of 5090 to 5100, until it close below it we could not expect much correction in it. In upside the short term resistance is seems to be around the range of 5175 to 5180. Closing above could take the nifty future till 5230. The vital resistance zone seems to be at the level of 5300 to 5305.
Thursday, March 11, 2010
Nifty Call
Nifty surpass the crucial upside level of 5150 and made the good breakout with convincing volume as well. In nifty future now we could expect the level of 5200 & if it sustain this level might touch the level of 5225 as well. The short term resistance seems to be at the level of 5230 & after it the key resistance zone will be 5300 to 5305 for nifty. The support base is now looking at the level of 4990 to 5000.
Wednesday, March 10, 2010
Nifty and Nifty Futures Call
Nifty is looking to hold the level of 5090 to 5100 and getting good buying support at this levels. In the nifty future we could expect the upside rally if it close above the level of 5145 to 5150. Above this range might touch the level of 5200 and if it sustain could go till the level of 5225. At the moment moving in narrow range of 5090 to 5145, so for that range we recommend buying in nifty around the level of 5100 for the target of 5140 with intra day SL 5080.
Tuesday, March 9, 2010
Forecasting NIFTY Trend
Nifty is in upside consolidation phase and facing the resistance at the level of 5150. Today made the closing below 5100 might witness some correction from here and could touch the level of 5045. In the downside the key support base seems to be at the level of 4990 to 5000. We recommend sell on highs in nifty future until it close above 5150 for intra day.
Monday, March 8, 2010
Technical View on NIFTY (Tips)
Nifty today made gap up opening and face resistance at the level of 5145 to 5150. In nifty we still expecting that in short run it might give you the level of 5205 if it close above 5150. In the downside the support base is looking at the level of 4990 to 5000. Closing below could take it the nifty till 4900. We recommend long position in nifty future at every decline until it close below the level of 5000.
Saturday, March 6, 2010
Bank Nifty View
Bank nifty is looking to be in the upside consolidation for some more times from here. We could expect that it could take the huge resistance around the level of 9200. Closing above that level could take it the level of 9300 to it in upside. In the banking stocks we had seen the range bound movement in SBI and also in some major stocks. Looking like to hold this present range for some time. We recommend long position in banking stocks and also in bank nifty future at every decline not on high side.
Nifty Analysis
Nifty made new highs and also sustaining at higher levels which indicatiesthat there is strength in market and we might see uptren in nifty future. The next resistance seems to be at the level of 5145. Closing above could take the market till 5240 to 5250 level. In the intra day the support base seems to be around the level of 4990 to 5000.
Thursday, March 4, 2010
Nifty Analysis
Nifty witnessed upside consolidation phase today and one thing is looking very strong about nifty is the recovery from lower levels. Now we are expecting that nifty could touch the level of 5150 in short term. Traders should go for long position in nifty with the SL of 4990 for the Target of 5150. Today nifty once touched the level of 5050 and made strong bounce from that level. Overall nifty is looking to continue its uptrend for while.
Wednesday, March 3, 2010
Recommendation on NIFTY
Nifty is in upside momentum which has been developed in it due to upside breakout of the resistance of 5000. Today it crossed the level of 5045 and also made good closing. We recommend that traders should go for long in nifty future. The next resistance seems to be around the level of 5150. At that level market could stay for some time, so traders should once book profit here. The key support base seems to be around the level of 4990 to 5000.
Tuesday, March 2, 2010
Recommendation on NIFTY
Nifty made the crucial breakout today and made closing near to the days high. Now we could expect the trend reversal in nifty. In upside we could expect the level of 5100 and if it sustains these high levels could make more upside moves. Nifty could face the major resistance around the level of 5150. We recommend that traders should go for long in nifty with the Stop Loss of 4990 and Target could be 5140.
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