Nifty Trend

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udittrifid

Udit Trifid
Nifty Trend-05/04/2013
Markets opened on a negative note and traded with negative sentiments for the whole session and settled near their crucial support levels. Nifty future closed below its strong support of 5600 indicating strong bearish signals. Now, 5550 is seen as crucial support below which bears may continue towards deeper support in the coming sessions. However any pullback may face resistance around 5660-5700 levels.

TREND: SIDEWAYS

SUPPORT : 5550 & 5500

RESISTANCE: 5740 & 5780

Major Market News:

Markets tumble, Sensex down 253 points.
IGL falls after SC defers hearing in IGL-PNGRB case.
BHEL sees decline in cash balance.
Dr Reddy’s launches Zoledronic Acid injection in US market.
DLF falls on reports of sale of wind biz for Rs 3 bn.

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Nifty Trend-08/04/2013
Benchmark Indices showed a choppy session in the last session of the week and were unable to test their crucial resistance levels. Nifty future strongly resisted near 5600 for the whole session and tested the major support of 5550. Overall, bears are seen to capture nifty and if it surpasses this crucial level then intraday support is seen in the range of 5530-5480 while any correction may lead it towards 5630-5650.
 
Major Market News:

Sensex down 64 points; mid and small-caps outperform.
Maruti jumps on hopes weaker yen to reduce import cost.
DLF to sell two windmill projects for Rs 241 cr.
L&T bags orders worth Rs 2,000 crore in March.
Adani Power falls as Haryana govt to challenge CERC order.
 
Nifty Trend-09/04/2013
By admin on Monday, April 8, 2013

Benchmark Indices traded flat with low volumes for the whole session and settled near to their crucial support level. Nifty future is constantly finding support around 5550 below which if it holds then it may drag towards its 50% retracement of 5440. Any bounce back from the strong support will find immediate resistance around 5600 while it needs to hold above 5650 to gain strength.
 
Today News

NIFTY TOP LOSERS
09 Apr

Reliance Infra

ONGC

Infosys

PNB

NIFTY TOP GAINERS
09 Apr

Tata Motors

Cairn India

TCS

IDFC
 
Nifty Trend-15/04/2013
By admin on Saturday, April 13, 2013

Markets ended the choppy session on negative note on account of disappointing Infy results and IIP nos. Nifty future traded on lower side in the last week and could not hold near 5600 as well as increase in open interest is also indicating selling pressure in the coming sessions. Major support is seen around 5480 surpassing which next support range is seen near 5440-5400. On higher side immediate hurdle range is 5570-5600.
 
Nifty Trend-15/04/2013
By admin on Saturday, April 13, 2013

Markets ended the choppy session on negative note on account of disappointing Infy results and IIP nos. Nifty future traded on lower side in the last week and could not hold near 5600 as well as increase in open interest is also indicating selling pressure in the coming sessions. Major support is seen around 5480 surpassing which next support range is seen near 5440-5400. On higher side immediate hurdle range is 5570-5600.
 
Nifty Trend-15/04/2013
By admin on Saturday, April 13, 2013

Markets ended the choppy session on negative note on account of disappointing Infy results and IIP nos. Nifty future traded on lower side in the last week and could not hold near 5600 as well as increase in open interest is also indicating selling pressure in the coming sessions. Major support is seen around 5480 surpassing which next support range is seen near 5440-5400. On higher side immediate hurdle range is 5570-5600.
 
Nifty Trend-18/04/2013
By admin on Wednesday, April 17, 2013

Markets after opening on a subdued note resisted around their crucial levels and dropped towards their support with weak European opening. Nifty future took strict resistance of 5740 and dragged towards support of 5660. As it is not able to sustain on higher side, it may further weaken if it sustains below 5620 for the coming sessions. While 100 day EMA of 5775 is still acting as major resistance for the index.
 
Nifty Trend-22/04/2013
By admin on Saturday, April 20, 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.
 
Nifty Trend-25/04/2013
By admin on Wednesday, 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.
 
Nifty Trend-29/04/2013

Markets ended lower on last session of the week due to weaker global cues and profit booking on higher levels. Nifty future started the May series on a flat note and moved mainly in the range of 5920-5880 for the whole session. If it sustains below the resistance level of 5930-5950 then some correction is expected where crucial level is seen around 5860 below which it may drag towards the next support of 5790.
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Nifty Trend-30/04/2013

Markets consolidated for most part of the session and closed in green and strength was seen due to declaration of results of various stocks. Nifty future is moving in the range of 5860-5930 since last three consecutive sessions and 5950 is still seen as major resistance for it. Closing above this crucial mark may lead towards 6000 mark while if it falls below 5860 then support is seen in the range of 5830-5800.
 
Todays market Nfity future Levels will be decide the nifty trend of the market s shown below
NIFTY FUTURE LEVELS

SUPP 1: 12335

SUPP 2: 12060

RES 1: 12670

RES 2: 12850
 
Nifty Trend-06/05/2013

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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Nifty Trend-08/05/2013

TREND: SIDEWAYS

SUPPORT : 6020 & 5980

RESISTANCE: 6080 & 6120
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Nifty Trend-09/05/2013
Posted on May 8, 2013

Markets is running in bullish mood led by strong global markets and positive domestic political cues which lead towards new highs and their sustenance near their resistance levels are still indicating positivity.
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Nifty Trend-10/05/2013

Markets moved in their resistance range and ended the volatile session on a flat note ahead of IIP data as profit booking was seen on higher levels. Nifty future took resistance of 6090 and traded in a choppy fashion for most part of the session Until it gives closing above 6000 this bullish rally will lead towards new highs while on lower side 5970 will act as major support. Volatility may continue in the coming session due to IIP data.
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