NSE - NIFTY Recommendation

Nifty witnessed the high volatility back by the f&o expiry today. Still nifty future holding the 5200 level and getting the strong buying support around it. In the upside we could expect the breakout and nifty could touch the level of 5370 to 5375 in few trading sessions if it closes above 5300 to 5305 range. In the downside the short term support base is seems to be at the range of 5145 to 5150. We recommend that traders should focus on long side in nifty future until it close below 5145 to 5150 range, and they should also book the profit close to the level of 5300 once.


 
Re: Technical View and Recommendation on NIFTY

Nifty made the strong upside breakout today as we had mentioned in our previous report that nifty could break the upside level of 5300 today. Now nifty is looking to continue its uptrend for while. Closing above 5300 could lead it till 5370 to 5375 range.we recommend that traders should be in long side in nifty future from here for the tg of 5370 to 5375 with the sl of 5250. The short term support range for the nifty future seems to be at the levels of 5190 to 5200.closing below this range could slip the nifty future till 5145 to 5150 levels.
 
Re: Bank NIFTY Futures Tips

Bank nifty future made the strong upside breakout on long time frame charts and also made strong closing above it. In the bank nifty future we recommend long position for the tg of 9590 and if it close above 9600 and sustain this level then one could go for the tg of 9720 in it during near term. The traders could even go for buy on dips in bank nifty future until it close below the support range of 9300 to 9330. Technical indicators like rsi is also in great direction in daily as well as in weekly charts giving the positive signal for bank nifty future.
 
Nifty witness some correction on highs today and also made closing below the level of 5300. In the nifty in short term we might see the lower level of 5205 to 5210. But still we are expecting that nifty future could hold the support range of 5190 to 5200. So we recommend that traders could go for long in nifty future until it close below the levels of 5145 to 5150 for the upside tg of 5370.
 
Re: Technical Advice on NIFTY

Nifty is looking to hold broad trading range of 5205 to 5300 for some period of time from here. In the upside we could expect the target of 5370 in nifty future. We recommend that traders could go for long in nifty future until it close below the support range of 5190 to 5205. Closing below this support range could push the nifty future till the lower levels of 5145 to 5150 in near term.
 
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.

 
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 is seems to be at the support range of 5300 to 5320.


 
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.
 
Re: 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.
 
Re: NSE - NIFTY Recommendation for 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 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 means that this uptrend could be conitue in nifty future foe 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 tg of 5450 & 5500. Those traders who already has long in nifty future may hold this with the sl of 5290. Closing below 5290 may slip the nifty future till the lower levels of 5245 to 5250 in near term.
 
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 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.
 
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.
 
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 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 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 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.

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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.
 
for April 29 2010

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 tg of 5290, 5320 & 5350 with the intra day.
 
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