Showing posts with label nifty trends. Show all posts
Showing posts with label nifty trends. Show all posts

Thursday, August 17, 2017

NIFTY LIKELY TO BE BULLISH ABOVE 9930

Trading Ideas for 18 Aug 2017

BUY  JINDALSTEL FUTURE ABOVE 140.4 TGT 142.9/144.8 SL 137.5

SELL HEROMOTOCO FUTURE BELOW 3985 TGT 3968/3955 SL 4012

Indices pared gains to end flat on Thursday dragged by losses mainly in the banking and auto stocks. Index heavyweights Infosys and Coal India .Sensex ended higher by 24.57 points or 0.08 per cent at 31,795. And Nifty closed up 6.85 points or 0.07 per cent at 9,914.Nifty futures contract seems to be struggling to go up. The contract made a gap-up opening at 9,927 this morning and hit a high of 9,940.However, it failed to sustain at this level and dropped to an intraday low of 9,881.
Nifty is now trying to move up from this low but seems to lack strength. Nifty needs to decisively move beyond 9,920-9930 levels to strengthen the bullish momentum and take nifty higher to 9,960 and 10000 levels. A strong support is at 9,880. If nifty break below this level, nifty would be fall to 9,850 or even 9,825 thereafter.Traders can make use of rallies to go short at 9,910. Stop-loss can be placed at 9,935 for the target of 9,860.

Wednesday, May 2, 2012

NIFTY OUTLOOK FOR TOMORROW


MARKET TREND FOR 3 MAY  2012
As we have noticed the movement in the market today, i.e. it has crossed the level of 5250 so we can say that this recovery attempt is likely to continue . But index couldn’t maintain its start till the end of the day.
Nifty  continue the positive momentum and expected to trade higher .Technically crossing the level of 5300 and sustaining above it would show the good signs for the index. The range 5300-5325 would act as the major supply zone, unless this range is taken out the recovery attempt may come to naught.
On downside any failure to  hold support near 5220-5200, nifty is likely to test next support near the level of 5170.
Our nifty strangle strategy continue to hold ………..
STOCKS TO WATCH TOMORROW
ASHOK LEYLAND,PANTALOONR
NIFTY  LEVELS FOR TOMORROW
RESISTANCE1
5260
SUPPORT1
5220
RESISTANCE2

5290
SUPPORT2
     5200
RE SISTANCE3
5325
SUPPORT3
 5175



Wednesday, April 11, 2012

NIFTY OUTLOOK FOR TOMORROW


MARKET TREND FOR 12 APRIL 2012
There was a slow start this morning ,later on index gained momentum to hit a high of 5254 in late trading session. But it could not manage itself to stay here, i.e. again dropped down to end at 5226.
Market participants are cautious regarding Infosys results  going to be declared on this Friday and  RBI policy meet   going to be held on 17 april 2012 which would pay important role in driving sentiments in near term.
We would see nifty opening around 5200 , the range 5225-5250 is to be observed very closely. Any failure to hold this range would prove a danger for the  bull market.  Any campaign below 5200 would  be a real trouble, next support area to be watched will lie between  5150-5175.
NIFTY  LEVELS FOR TOMORROW
RESISTANCE1
5260
SUPPORT1
5215
RESISTANCE2

5290
SUPPORT2
     5180
RE SISTANCE3
5325
SUPPORT3
 5100