NIFTY TODAY
Today too nifty traded in tight range with positive bias and managed to close above the 5170 levels. Volume was not good. The 5190 level acted as strong resistance and 5140 levels as a good support today. Market breath was positive with 34 advances and 15 declines. FII’s were net sellers for 15.57 crores. DII’s were net buyers for 222.4 crores.
NIFTY TOMORROW
As tomorrow is the last trading day of this week I feel it would be a trend deciding day. For tomorrow trade 5190 levels would be a significant level to be watched. Around 5200 levels selling pressure sets in. above 5225 we may see an up move. Would tomorrow nifty close above 5300 levels then we can consider that bulls are still intact. Let’s see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 5190 T1 – 5225, T2 – 5255, T3 – 5275 STOPLOSS – 5175
SELL BELOW 5170 T1 – 5140, T2 – 5115, T3 – 5080 STOPLOSS – 5185
Thanks for visiting!
Thursday, May 13, 2010
Wednesday, May 12, 2010
NIFTY TODAY
Today nifty traded in tight range with positive bias. Nifty strongly resisted around 5170 levels and managed to close above the crucial support level 5140. Volume was rather good. FII’s were net sellers for 297.23 crores. DII’s were net buyers for 180.42 crores. Market breath was positive with 30 advances and 20 declines.
NIFTY TOMORROW
For tomorrow trade 5170 levels significant level to be watched. As FII’s turned net sellers, cautious approach is needed at higher levels. Below 5140 levels bearish mood may set in, I feel so. Trading with strict stop loss and booking profits now and then is advised. Let’s see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 5170 T1 – 5203, T2 – 5230, T3 – 5260 STOPLOSS – 5155
SELL BELOW 5155 T1 – 5125, T2 – 5098, T3 – 5075 STOPLOSS – 5170
Thanks for visiting!
Today nifty traded in tight range with positive bias. Nifty strongly resisted around 5170 levels and managed to close above the crucial support level 5140. Volume was rather good. FII’s were net sellers for 297.23 crores. DII’s were net buyers for 180.42 crores. Market breath was positive with 30 advances and 20 declines.
NIFTY TOMORROW
For tomorrow trade 5170 levels significant level to be watched. As FII’s turned net sellers, cautious approach is needed at higher levels. Below 5140 levels bearish mood may set in, I feel so. Trading with strict stop loss and booking profits now and then is advised. Let’s see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 5170 T1 – 5203, T2 – 5230, T3 – 5260 STOPLOSS – 5155
SELL BELOW 5155 T1 – 5125, T2 – 5098, T3 – 5075 STOPLOSS – 5170
Thanks for visiting!
Tuesday, May 11, 2010
NIFTY TODAY
Today nifty traded in rather wide range and closed below the crucial support 5140. Nifty struggled to surpass 5190 levels in today’s trade. Volume was low compared to yesterday volume. Market breath was negative with 8 advances and 42 declines. FII’s were net buyers for 20.19 crores. DII’s were net buyers for 20.49 crores.
NIFTY TOMORROW
For tomorrow trade 5160 levels would be a significant level to be watched. In my sense unless nifty surpasses 5225 and closes above 5275 levels, we may not see a bull run. Technically a bearish pattern had formed in the price chart. FII’s buying had come down sharply. So every rise cautious approach is advised. Let’s see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 5140 T1- 5165, T2 – 5190, T3 – 5203 STOPLOSS – 5128
SELL BELOW 5125 T1 – 5100, T2 – 5075, T3 – 5050 STOPLOSS – 5138
Thanks for visiting!
Today nifty traded in rather wide range and closed below the crucial support 5140. Nifty struggled to surpass 5190 levels in today’s trade. Volume was low compared to yesterday volume. Market breath was negative with 8 advances and 42 declines. FII’s were net buyers for 20.19 crores. DII’s were net buyers for 20.49 crores.
NIFTY TOMORROW
For tomorrow trade 5160 levels would be a significant level to be watched. In my sense unless nifty surpasses 5225 and closes above 5275 levels, we may not see a bull run. Technically a bearish pattern had formed in the price chart. FII’s buying had come down sharply. So every rise cautious approach is advised. Let’s see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 5140 T1- 5165, T2 – 5190, T3 – 5203 STOPLOSS – 5128
SELL BELOW 5125 T1 – 5100, T2 – 5075, T3 – 5050 STOPLOSS – 5138
Thanks for visiting!
Monday, May 10, 2010
NIFTY TODAY
Today nifty traded in a wide range with positive bias. Volume was rather good. Nifty had a steady upward move and closed far away from the crucial support level 5180. Last week nifty had lost 260-odd points and today it retraced 170-odd points. Market breath was positive with 48 advances and 2 declines. FII’s were net buyers for 263.96 crores. DII’s were net buyers for 30.25 crores.
NIFTY TOMORROW
To my knowledge, as FII’s had remained buyers today, tomorrow again we may see an up move with positive bias, possibly in a tight range. The 5225 level would be a significant resistance for nifty’s up move. Around 5275 levels we may see some selling pressure. So, cautious approach is needed around 5275 level. Would nifty have a gap up opening, then trade cautiously at every rise. Let’s see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 5203 T1 – 5225, T2 – 5255, T3 – 5275, STOPLOSS – 5190
SELL BELOW 5190 T1 – 5165, T2 – 5140, T3 – 5115, STOPLOSS – 5203
Thanks for visiting!
Today nifty traded in a wide range with positive bias. Volume was rather good. Nifty had a steady upward move and closed far away from the crucial support level 5180. Last week nifty had lost 260-odd points and today it retraced 170-odd points. Market breath was positive with 48 advances and 2 declines. FII’s were net buyers for 263.96 crores. DII’s were net buyers for 30.25 crores.
NIFTY TOMORROW
To my knowledge, as FII’s had remained buyers today, tomorrow again we may see an up move with positive bias, possibly in a tight range. The 5225 level would be a significant resistance for nifty’s up move. Around 5275 levels we may see some selling pressure. So, cautious approach is needed around 5275 level. Would nifty have a gap up opening, then trade cautiously at every rise. Let’s see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 5203 T1 – 5225, T2 – 5255, T3 – 5275, STOPLOSS – 5190
SELL BELOW 5190 T1 – 5165, T2 – 5140, T3 – 5115, STOPLOSS – 5203
Thanks for visiting!
Saturday, May 8, 2010
NIFTY NEXT WEEK [10/05/10 – 14/05/10]
As last week we saw huge sell off, next week in the beginning we may see a pullback rally for one or two sessions. Dow Jones too had deeply corrected last week. I feel, in Dow too we may expect a pull back rally. Would it happen then our market too join the rally. As FII’s were turned net sellers for all long week in my sense next week would be trend deciding week.
Last week nifty broke all major support levels and closed in a weak manner. Next week cautious approach is advised for any buying or selling.
NIFTY TRADING RANGE
FOR UP MOVE 5050 - 5383
FOR DOWN MOVE 5020 – 4880
NIFTY FOR MONDAY
For Monday trade I expect a pullback rally. I feel nifty would trade in positive bias. The significant level to be watched for Monday would be 5050 levels.
BUY ABOVE 5050 T1 – 5090, T2 – 5115, T3 – 5140, STOPLOSS – 5035
SELL BELOW 5020 T1 – 4990, T2 – 4965, T3 – 4940, STOPLOSS - 5035
Thanks for visiting
As last week we saw huge sell off, next week in the beginning we may see a pullback rally for one or two sessions. Dow Jones too had deeply corrected last week. I feel, in Dow too we may expect a pull back rally. Would it happen then our market too join the rally. As FII’s were turned net sellers for all long week in my sense next week would be trend deciding week.
Last week nifty broke all major support levels and closed in a weak manner. Next week cautious approach is advised for any buying or selling.
NIFTY TRADING RANGE
FOR UP MOVE 5050 - 5383
FOR DOWN MOVE 5020 – 4880
NIFTY FOR MONDAY
For Monday trade I expect a pullback rally. I feel nifty would trade in positive bias. The significant level to be watched for Monday would be 5050 levels.
BUY ABOVE 5050 T1 – 5090, T2 – 5115, T3 – 5140, STOPLOSS – 5035
SELL BELOW 5020 T1 – 4990, T2 – 4965, T3 – 4940, STOPLOSS - 5035
Thanks for visiting
Subscribe to:
Posts (Atom)