NIFTY SUPPORT@ 5220-5180 RESITANCE @ 5280-5300-5330
Yesterday the nifty open with the firm note, and as the day go through the index rose, reason would be the overnight buying in US market. The nifty overall rose 38 points, the top gainer were UNITECH and RPOWER with 4%and the top looser were POWERGRID and BPCL with almost lost of 3%. It was the closing day of future trading, the nifty could performed well but the index is still in pressure of cues from out of the boundaries. Hope the index will touches the new high in MAY month. For today the support would be at 5225 and the resistance would be at 5290-5300, if successfully breached and closed above, we are heading 5400-5500.Lower level major support range 5180-5200 to be watch out.
INDIAN STOCK MARKET TIPS TECHNICAL CALLS Headline Animator
Thursday, April 29, 2010
NIFTY DAILY VIEW
NIFTY SUPPORT 5170-5125-5090 WHILE RESITANCE 5260-5295-5340
TRADING RANGE WOULD BE 5180-5270
Yesterday the NSE index opened sharply lower today tracking weak global cues. The index open at the point of previous closing, and through out day the index remain red, but when European market open than the actual pressure felt by the nifty, the top looser were SAIL with 4.5% JPASSOSIATE with 4.5% and reliance with 4%while the top gainer was SUNPHARMA. In NSE MIDCAP the top gainer was RNRL while the top looser was IBREALEST. Today is the expiry of month April. So the market can cover itself at lower level, today the support would be at 5176, while the resistance would be at 5282.
TRADING RANGE WOULD BE 5180-5270
Yesterday the NSE index opened sharply lower today tracking weak global cues. The index open at the point of previous closing, and through out day the index remain red, but when European market open than the actual pressure felt by the nifty, the top looser were SAIL with 4.5% JPASSOSIATE with 4.5% and reliance with 4%while the top gainer was SUNPHARMA. In NSE MIDCAP the top gainer was RNRL while the top looser was IBREALEST. Today is the expiry of month April. So the market can cover itself at lower level, today the support would be at 5176, while the resistance would be at 5282.
Wednesday, April 28, 2010
INTRA DAY POSITIONAL CALLS WEDNESDAY APRIL 28,2010
Tuesday, April 27, 2010
NIFTY DAILY VIEW
TODAY"S MARKET LEVEL: SUPP@ 5290-5255-5205 WHILE RES 5370-5395-5430
The global cues made positive closed yesterday, the nifty index gain 18 points from previous closed and closed at 5322. at the opening of market, the market was in pressure from the results of RIL, the result were below the expectations of trader. The top gainer was STERLITE, HDFC, and AXIS. Thus the looser were SUNPHARMA, RANBAXY, and DLF. The breadth of the NSE was positive with advanced 670 against decline of 582. the sector wise gainer of the NSE was IT index. Today the support would be at 5300 and the resistance would be at 5343.
The global cues made positive closed yesterday, the nifty index gain 18 points from previous closed and closed at 5322. at the opening of market, the market was in pressure from the results of RIL, the result were below the expectations of trader. The top gainer was STERLITE, HDFC, and AXIS. Thus the looser were SUNPHARMA, RANBAXY, and DLF. The breadth of the NSE was positive with advanced 670 against decline of 582. the sector wise gainer of the NSE was IT index. Today the support would be at 5300 and the resistance would be at 5343.
Friday, April 23, 2010
NIFTY DAILY VIEW
Fresh buy if crossover yesterday high
Dow closed marginally positive and asia is trading mixed,sgx nifty is slightly down.
The nifty opened with negative note with the effects of previous day, as the day go through the nifty showed weak sign but immediate before the afternoon the nifty has bounced back, in afternoon session nifty made the days high and break the both technical resistance, the banking was as usual the top gainer, the top gainer was SBI and SAIL. But just before the closing the nifty felt down and closed with minor gain of 0.4%. Today crucial Support 5216 and Resistance 5326.
Dow closed marginally positive and asia is trading mixed,sgx nifty is slightly down.
The nifty opened with negative note with the effects of previous day, as the day go through the nifty showed weak sign but immediate before the afternoon the nifty has bounced back, in afternoon session nifty made the days high and break the both technical resistance, the banking was as usual the top gainer, the top gainer was SBI and SAIL. But just before the closing the nifty felt down and closed with minor gain of 0.4%. Today crucial Support 5216 and Resistance 5326.
Thursday, April 22, 2010
NIFTY DAILY VIEW
Trading Range Nifty
5230-5270
Break out /Break down will
added 40 -50 points in either side
The support would be at 5225-5207and the resistance would be at 5260 for today.
Yesterday the nifty cash showed positive sign, the nifty cash closed positively yesterday, future index now looking good, the correction in nifty index were discounted by the RBI policy in last days. Now the closing of April is near so the advice for the small trader is do not enter in option market for the April month, one can trade in May contract.
5230-5270
Break out /Break down will
added 40 -50 points in either side
The support would be at 5225-5207and the resistance would be at 5260 for today. Yesterday the nifty cash showed positive sign, the nifty cash closed positively yesterday, future index now looking good, the correction in nifty index were discounted by the RBI policy in last days. Now the closing of April is near so the advice for the small trader is do not enter in option market for the April month, one can trade in May contract.
Tuesday, April 20, 2010
TODAY"S NIFTY VIEW
NIFTY RESISTANCE 5235-5250 BELOW WEAKNESS CONTINUE.....................
Yesterday the NSE benchmark index open to affected by the issue of US company Goldman Sachs, as like the all global market Indian market also open with negative note, that can be major problem because there are many Indian companies are related to Goldman Sachs, and those stocks were major victim yesterday. as technical view after the breakdown in channel line nifty can taste the 5000 level, on charts nifty was traded at overbought zone and some trigger would be expected from outside, and this Goldman Sachs issue became the trigger for nifty. Today the support for nifty would be at 5149 and if it breaks than the second support would be at 5095 and the resistance would be at 5268
Yesterday the NSE benchmark index open to affected by the issue of US company Goldman Sachs, as like the all global market Indian market also open with negative note, that can be major problem because there are many Indian companies are related to Goldman Sachs, and those stocks were major victim yesterday. as technical view after the breakdown in channel line nifty can taste the 5000 level, on charts nifty was traded at overbought zone and some trigger would be expected from outside, and this Goldman Sachs issue became the trigger for nifty. Today the support for nifty would be at 5149 and if it breaks than the second support would be at 5095 and the resistance would be at 5268
DELIVERY CALL APRIL 20,2010
MARKET CAP Rs 1142.46 CRORES
Date: 19th April 2010 View Technical Chart
High: 69.85 Low: 66.60
Open: 68.45 Value: 7.71 Cr.
Volume: 1127264 10-day Avg. Vol: 1352932
Monday, April 19, 2010
TODAY"S NIFTY VIEW
Today the support would be at 5239-5210-5185 and the resistance would be at 5285.
Yesterday the nifty index opened with negative note, the almost all sectors of nifty index were in red zone except the consumer goods, ITC, TATA Motors, TATA STL, GAIL, and Unitech were the top gainer of the day, in first session the ICICI also the top gainer but due to profit booking the stock became down at the end. there are 13 scrip were in advanced out of 50 scrip. the index showed the weak sign yesterday but one should wait for exit from stocks. It can be a minor break down.
Yesterday the nifty index opened with negative note, the almost all sectors of nifty index were in red zone except the consumer goods, ITC, TATA Motors, TATA STL, GAIL, and Unitech were the top gainer of the day, in first session the ICICI also the top gainer but due to profit booking the stock became down at the end. there are 13 scrip were in advanced out of 50 scrip. the index showed the weak sign yesterday but one should wait for exit from stocks. It can be a minor break down.
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