Intraday Trend

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udittrifid

Udit Trifid
Intraday Trend-22/04/2013
Markets continued its bullish momentum with good volumes and closed on a strong note near to their crucial resistance levels. Nifty future closed above its 100 day EMA of 5775. On daily charts, if bulls remain active then it will face strict resistance of 5870 around the trend line coming from previous highs. However, if it is unable to sustain on psychological mark of 5800 then support range is seen near 5730-5680.
 
Intraday Trend-25/04/2013
Posted on April 24, 2013

Markets after showing choppy movements for the whole session ended flat but maintained its positive bias. Nifty future found its intraday support around 5800 and reversed towards the immediate resistance of 5850. F&O Expiry will affect the volatility where 5870-5900 will act as strict resistance and closing around these levels will strengthen the bulls further. On lower side, 5790-5750 may act as support levels from where reversals may happen.
 
Intraday Trend-06/05/2013
Posted on May 4, 2013

Markets moved on a choppy note for the whole session on account of disheartened RBI monetary Policy and profit booking was seen on higher levels. Nifty future was unable to sustain near 6000 and reversed towards 5940. If it trades in the support zone of 5920-5860 then the index may see a downfall towards 5800 in the coming sessions. Whereas 6030 will act as the major resistance ahead.

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