Nifty Levels and recommendation for Next Week

Nifty witnessed the range bound movement today with less volume. In the downside it is still holding the support of 5200. In the upside it is facing the intra day resistance close to the level of 5300. Nifty might continue this upside consolidation for some more time. We recommend that traders could go for long in nifty future from their current levels until it made closing below the support levels of 5190 to 5200. In the upside we might expect the targets of 5300 to 5325 in near term.

Technical View and Advice on Nifty Future

Nifty future witnessed the volatile session back by the futures and options (f&o) expiry. Nifty future still holding the level of 5200 which is positive sign for it. Nifty could continue the uptrend for while. In the upside we might expect the main resistance for the intra day trading around the level of 5350. We recommend that traders could fo long in nifty future from the current levels with the stop loss of 5190. In the upside they might get the targets of 5300, 5320 & 5350.

Technical View and Advice on Nifty Future

Nifty witnessed the huge selling pressure today and get corrected from the higher levels. In the downside still it is holding the support levels of 5190 to 5200. Nifty getting the good buying support close to the support level of 5200. Closing below this support zone may futher decline it till the lower levels of 5100 to 5105 in near term. We recommend that traders could go for long in nifty future from the current levels for the target of 5290, 5320 & 5350 with the intra day.

New Delivery/Positional Stocks BTST Call Service.

Technical View and Recommendation on Nifty Future with SL & TG

Nifty witnessed the volatile session today and in the end managed to close above the level of 5300. In the whole day it traded in the narrow range of 5301-5320. Due to futures & options (F&O) expiry we might see some more volatile sessions in market. But still looking technically that nifty future could make some up moves from here. We recommend long position in nifty future from the current levels for the target of 5350, 5380 & 5400 with the stop loss around the level of 5295. 

Recommendation on NIFTY Future

Nifty witnessed the range bound session and hold the higher level of 5300 and also getting the good buying support around the lower levels of 5300. In the upside nifty faced the intra day resistance close to the level of 5350. In the upside 5400 and 5450 are two major resistance for the nifty future. We recommend that traders could go for long in nifty future from the current levels for the target of 5450 with the stop loss of 5300.

New Delivery call Service for traders.

Recommendation and Technical VIew on NIFTY

Nifty in the last trading day of this week had managed to close above the level of 5300. Nifty looking to hold this upside trend for some more time from here. Nifty hold the uptrend today for the fourth consecutive day, after previous five days sell- off. In the upside 5400 & after it 5450 could play the major resistance role. In the downside one could see the support base around the support zone of 5180 to 5200. We recommend that traders could go for long in nifty future at current levels and could keep the stop loss around the level of 5250.

Nifty Technical Levels and Recommendation with Stop Loss and Target

Nifty managed to close above the level of 5250 after the sharp decline from the higher resistance of 5345 to 5350. As we had mentioned in our previous report that one could buy nifty future at current levels for the target of 5300 to 5320, today it did. Now we recommend for tomorrow that traders could go for sell in nifty future below the level of 5200 for the target of 5115 to 5120 with the stop loss of 5245. And if it not breaks the level of 5200 then traders could go for long in nifty future with the stop loss of 5200 for the target of 5350 to 5375.

Nifty Future Tips

Nifty closed the volatile session on a flat note today. Today it holds the narrow trading range of 5240 to 5260 throughout the session. Still it could hold its uptrend until it made close below the support range of 5200 to 5205. Closing below this support range may drag it till the lower levels of 5145 to 5150. We recommend that for tomorrow traders could go for long in nifty future with the stop loss of 5205 and for the upside target of 5290 and 5320 from the current levels.

Nifty Futures Tips

Nifty again today get the good buying support close to the level of 5200. In the upside 5255 to 5260 range is the intraday resistance zone. Closing above may further hike the nifty future till the higher levels of 5300 to 5310 in near term. We recommend that traders may go for short in nifty future below the level of 5200 for the target of 5100 to 5105 with the stop loss of 5245. Traders could also go for long in nifty future in intraday above the level of 5260 for the target of 5305 to 5310 with the stop loss of 5215.

Technical Recommendation Nifty

Nifty witnessed huge selling pressure today and taste the crucial support base of 5200 today. Nifty closed at one month low triggered by sell -off in global market. Now nifty future could get the good support close to the level of 5150 to 5160. Closing below may drag the nifty future for further correction till 5100 to 5105 range. We recommend that traders now may sell nifty future around the current level with the stop loss of 5255. In the downside we are expecting technically more selling.

Stock Market Tips

Technical Recommendation on Bank Nifty

Bank nifty future could make the crucial trend line breakout below the support level of 9265. Closing below may drag it down for some time. Technical indicators like macd is also looking to cross the signal line to downside. Oscillator also witnessing that the trend might be reverse from here. 

We recommend that traders could go for short in bank nifty future below the level of 9265 for the target of 9155 & if it sustains the lower levels the further target could be 9010 in it. The traders should keep the stop loss around the level of 9320 in it.

Nifty Future Levels

Nifty future closed with the moderate losses and continued the downtrend in fourth consecutive intra day sessions. Overall market was in range bound movement for the whole week. As we had already mentioned in our previous report that nifty future could face the resistance close to the level of 5400 & could face some profit booking on higher levels. Now the next support for the nifty future seems to be at the support zone of 5200 to 5205. Closing below this support zone may indicate some trend reversal in it. Still in nifty future buy on dips would be recommend for the traders with the stop loss of 5200 for the upside target of 5360 & 5380 from the current levels.

Nifty Future Levels

Nifty future had witnessed the selling pressure today and also made the closing below 5300 levlel. The next support for the nifty future seems to be at the support zone of 5245 to 5250. Closing below this level may futher decline the prices and could slip the nifty future till the lower levels of 5150 to 5155 in short term. We recommend that traders need to watch out these strategies for tomorrow trading session. If nifty future breaks the level of 5250 so they could initiate the shorts in nifty future with the Stop Loss of 5300 for the target of 5150 to 5155, and if holding the support levels of 5250 and made the recovery from that level so traders could initiate long in nifty future above 5300 for the target of 5375 to 5380 with Stop Loss of 5260. 

Techncial View on Nifty

Nifty witness the range bound movement today & closed the first session of the week with modest losses on profit booking. The market might have reacted to the slower growth in the iip data. The vital thing is that it was getting the good buying support on lows which mean that this uptrend could continue in nifty future for a while. In the upside nifty future may hit the higher levels of 5400 to 5405 in near term. We recommend that traders could initiate new longs in nifty future above 5400 for the target of 5450 & 5500. That trader who already has long in nifty future may hold this with the stop loss of 5290. Closing below 5290 may slip the nifty future till the lower levels of 5245 to 5250 in near term.

Nifty Next Week

 Nifty today made the strong come back from the level close to 5300 & made the strong closing as well. Nifty looking strong from here onwards and the next crucial resistance for the nifty seems to be at the level of 5450. Closing above this higher level may lead the nifty till the level of 5500. We recommend that traders may initiate the longs in nifty future from here for the target of 5450 and if sustain it might ride to the level of 5500 in near term. In the downside the short term support base is seems to be at the levels of 5245 to 5250.

Nifty View and Call

Nifty future faces the resistance close to the level of 5400 and witnessed the profit booking on higher levels and gets corrected from there till 5290 today. Nifty future could get the next support close to the support zone of 5245 to 5250. Closing below this support zone may push the nifty future till the lower levels of 5150. We recommend that traders need to watch out the levels of 5245 to 5250 and below it they could initiate the short position in nifty future for the target of 5145 to 5150 with the strict Stop Loss of 5295.

Nifty View and Call

Nifty future today again made the upside moves and face the resistance close to the level of 5400. In the upcoming trading sessions this upside rally could continue and nifty future could hit the higher level of 5450 in near term. We recommend that traders may initiate the longs in nifty future at the current level for the tg of 5450. Nifty future if sustain this high level might ride till the level of 5500 also. The short term support for the nifty future seems to be around the support levels of 5245 to 5250.

Nifty Recommendation, Support and Target

Nifty today again made the up moves and looking to continue to hold the uptrend. In the upside as we had already mentioned in our previous report that it could hit the higher level of 5450 from here. We recommend that traders may initiate long in nifty future from the current level for the upside target of 5405 & 5450. The intraday support seems to be at the support range of 5300 to 5320.

Investment recommendation on NSE - NIFTY

Nifty future hold the uptrend and also hit the higher level of 5370 today as we had mentioned in our previous report that traders could go for the target of 5370 in nifty future when it was around 5265. Now we are expecting the we could see the next level in nifty future on upside around 5450. We recommend that traders should try to focus on initiating the long position in nifty future for the target of 5450. The short term support range for nifty future is seems to be at the support range of 5190 to 5205. 

Technical View on Bank Nifty future and Trading strategy

Bank nifty future in upside consolidation phase & trading very close to the vital resistance point of 9600. Closing above 9600 could lead the bank nifty future till the higher levels of 9710 to 9720. Bank nifty future if sustain these higher levels could ride it till the higher levels of 10050 in near term. In the downside the support range of 9300 to 9330 could play the BSE support role for this upside breakout. Closing below this support range could drag it till the lower levels of 9150 to 9080 in near term. We recommend for intra days that traders should focus on initiating the longs in bank nifty future above 9600 for target of 9700 in short term.

Nifty Trend for Next Week

Nifty made the strong come back from the lower levels as we had already mentioned in our previous report that nifty future could continue to hold the uptrend and we might see the target of 5370 in it in near term. Closing above 5370 could lead the nifty future for the upside levels of 5450. In the downside the intraday support base range is seems to be at the support levels of 5195 to 5205. Closing below this support zone might slip the nifty future till the lower levels of 5145 to 5150 in short run. We recommend that traders should focus on long side in nifty future until it close below the support range of 5195 to 5205.

Free Stocks and Commodity Tips