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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Wednesday, March 31, 2010
Tuesday, March 30, 2010
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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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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Monday, March 29, 2010
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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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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Saturday, March 27, 2010
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 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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Friday, March 26, 2010
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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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.
Thanks for visiting!
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