Nifty Trend For Tomorrow

Market continuously going upside. Today it has gained 202.19 points in BSE and set itself in bullish position. Short covering in European markets post deep cut yesterday too improved sentiments. The 30-share BSE Sensex recovered from previous loss - rose 202.19 points to close at 17,065.00 and the 50-share NSE Nifty jumped 60.35 points to end at 5,124.65. Market may hold the same position in next trading session also!!

Technical Levels in Nifty-50 for Tomorrow:

Resistance  :  R1  :  5200,  R2  :  5270.

Support       :  S1  :  4940,  S2  :  4860.

Market For Tomorrow: 24th Aug '11

After a bullish trend of yesterday's session market moves continuously upside, Market may recover from the bearish trend of last some days. Today Sensex closed at 16,498.47 with the +156.77 up points or up by 0.96%. And the Nifty closed at 4,948.90 having +50.10 positive points or 1.02% up. Tomorrow Market may show its strength again.

In Nifty technically the market is in a typically sideways zone with 4870 as a strong support zone to work with and 5010 as a strong resistance zone to work with.It is looking bullish in the coming trading session if it manages to trade above the Resistance level of 5010 else below the Support level of 4870 it would be down trend.

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Share Market Trend For Tomorrow - 10th Aug

Again we have perfectly proved our accuracy, as we have predicted the Market moved down side again according to that. Today the Market start with a Negative mode and touched the level yesterday's closing level of 5,118 and then it fall back to 4932. Then it recover from that level and touch the level of 5,157, but whole day it suffer from that down trend. Today Sensex closed at 16,857.91 with -132.27 down points or -0.78% down. And the same thing happen with the Nifty also. Nifty closed with -45.65 negative points or down by -0.89% and settle at 5,072.85.

Nifty showed selling pressure from resistance near 5100 levels and closed in red. Bulls tried to show some strength from lower levels and manage to close above 5050 levels. Volatility may be continuing for next few days. For daily purpose, trend deciding level is at 5100. If Nifty shows strength above 5100 levels, then rally to 5,170/5,230 levels may be seen. If Nifty stay below the level of 5,100 levels then selling pressure till 5,000/4950 levels may also be seen. 

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Share Market Trend For Tomorrow: 4th Aug '11

As we have predicted the Market moved down side again. Today the Market start with a positive mode and touched the level of 5463 but can't hold the same position and than it fall back. Today Sensex closed at 17,940.55 with -169.34 down points or -0.94% down. And the Nifty closed at 5,404.80 with -51.75 negative points or down by -0.95%.

Nifty showed selling pressure from resistance near 5,400 levels and closed in red. Bulls tried to show some strength from lower levels and manage to close above 5,400 levels. Volatility may be continuing for next few days. For daily purpose, trend deciding level is at 5,420. If Nifty shows strength above 5,420 levels, then rally to 5,500/5,550 levels may be seen. If Nifty stay below the level of 5,400 levels then selling pressure till 5,350/5,300 levels may also be seen.

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Free Nifty Trend For Monday (13th June '11)

                    

Today Sensex closed at 18,268.54 with -116.36 down points or down by -0.63%. And the Nifty closed at 5,485.80 with -35.25 down points or down by -0.64%. On the other side in the Derivatives Nifty Futures: it closed with -32.10 negative points and settle at 5,487.05 down by -0.58%. So over all market was down today and may start with same manner in next trading session. At the llast trading session the market take the down trend and made a position in red points.

The market still has to deal with a few headwinds, high oil prices and rising interest rate cycle, this is not going to be very good for equity valuations at least in the near term. However, these won't dramatically impact the market because people are already underweight and aware of some of these risks. There can be a plus or minus 10% on either side at this point in time unless either things get significantly worse.

Intraday stock trading tips for 3 June

Intraday Stock strategies for tomorrow:
Bajaj Auto
Resistance: R1 1392, R2 1415.5
Support: S1 1327.8, S2 1287.1

HDFC Bank
Resistance: R1 2369.67, R2 2379.03
Support: S1 2347.97, S2 2335.9

ONGC
Resistance: R1 285.02, R2 288.93
Support: S1 277.77 S2 274.43

Cipla
Resistance: R1 331.13, R2 337.07
Support: S1 322.97, S2 314.98

HUL
Resistance: R1 326.33, R2 331.92
Support: S1 312.63, S2 304.52

SBI
Resistance: R1 2358, R2 2381.8
Support: S1 2302.2, S2 2270.2

DLF
Resistance: R1 239.42, R2 242.48
Support: S1 231.72, S2 227.08

Infosys Tech.
Resistance: R1 2823.03, R2 2843.02
Support: S1 2780.03, S2 2757.02

ITC
Resistance: R1 198, R2 200.7
Support: S1 192.5, S2 189.7