NIFTY TODAY
Today nifty traded in a tight range and had a down closing. Nifty strongly resisted at 5293 levels. It tested the first SUP 5245 and managed to close above this level. Volume was average. FII’s were net buyers for 433.52 crores. DII’s again turned net sellers for 356.58 crores.. However, until FII’s are net buyers we need not fear about downtrend. I expected a breakout yesterday itself, but I was wrong! Technically a negative pattern had formed. Still, nifty stays above 50 – 20 EMA, which gives me a ray of hope for a breakout.
NIFTY TOMORROW
As FII’s were net buyers I am still bullish on the market. 5220 would be the crucial support to watch. As tomorrow will be the last trading day of this week, we may expect a trend change, I hope so. Tomorrow is the inflation day that may lead the market. Let’s see what happens.
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NIFTY TODAY
Today too nifty strongly resisted around 5330 levels and closed just above the second support 5245 level. Volume was not that much good. However FII’s buying was not bad. They had bought 579.29 crores. In addition DII’s had bought for 100 crores who were remained net sellers through out this month except for one or two days! Technically in the price chart a stopping pattern had formed. However nifty still remains above the 50 and 20 EMA I feel positive. May be profit booking had drifted nifty I think so. Still I am on bullish side.
NIFTY TOMORROW
still I do not expect a downtrend as FII’ s were net buyers and today DII’ s too joined the race. as for as tomorrow’s trade nifty would find good support at 5245 levels itself as it remains above the 50 and 20 EMA. Let’s see what happens tomorrow.
SUP: 5245, 5220. RES: 5288,5301,5327,5383.
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NIFTY TODAY
Today nifty managed to close above psychological level 5300. Volume was not good. However, FII’s were net buyers for 1062.82 crore! The beginning of the week is good. Nifty had resisted strongly at 5327 levels. Technically, a spinning top had formed in the price chart. In my perspective, only above 5330 levels we are on the threshold of new rally.

NIFTY TOMMOROW
I strongly expect an upside breakout rally has FII’s were big buyers. Would there be no negative news, then we may see nifty crossing 5383 and 5427 easily. Let’s see what happens tomorrow.
SUP:5280, 5245. RES: 5327, 5383 5427.
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NIFTY THIS WEEK
Nifty traded in a tight range. In the weekly price chart nifty is still above the 50 EMA. FII’s had bought for 1906.65 crores. 5300 level is strong resistant for nifty would it can move with good volume then we may a see a big surge coming days.

NIFTY NEXT WEEK
Technically in the price chart a breakout had formed. For past 7 weeks nlifty had been closing higher than its previous close. In addition the FII’s buying was very encouraging. From 26 Feb. they had remained net buyers and had not sold single day. Would upside breakout happens, as I, expect then we may see a 350 points rally in nifty. I expect the nifty trading range would be between 5220 – 5570. let’s see what happens.
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NIFTY TODAY
Today nifty traded in a tight range. Volume was average. FII’s were net buyers for 590.9 crores. Nifty strongly resisted at 5300 levels. However closed above the resistant level 5280 which is encouraging! Technically in the price chart a bullish pattern had formed. Today itself I expected a breakout but not happened. Let’s see what happens next week.
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NIFTY TODAY
Nevertheless expiry day nifty had a good rally. Volume was encouraging. FII’s are still buying. They had bought for 653 crores. Technically a bullish pattern had formed in the price chart. Today in intraday price chart nifty had formed a good bottom and around 2.30 pm an upside break out had happened. Nifty has a strong support around 5220 levels. Nifty closed at a very strong resistant level 5260.
NIFTY TOMORROW
Technically in the price chart a bullish pattern had formed and in my perspective I feel there would be an upside breakout tomorrow. For tomorrow trade these 5260 levels should be watched carefully for any long. Would nifty can sustain above this 5260 level then long position advisable above 5270 levels and we may expect nifty to trade around 5300 levels.
SUP: 5260, 5245, and 5220. RES: 5288, 5301, 5327.

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NIFTY TODAY

Nifty had a gap up opening and faded today itself. 5180 was a good support. Volume was not encouraging. FII’s were net buyers for 359.75 crores. From the beginning of March FII’s remained net buyers. FII’s had bought for 11472-odd crores. Technically, still nifty stays above 50 day EMA. 5300 levels would be a strong resistance for up move. As FII’s were accumulating in a big way we may expect a breakout on either side. To my knowledge only above 5300 levels we can go long. Crucial levels to watch are 5180 and 5300.

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