NSE - NIFTY Recommendation

[CapitalVia]

Nifty witnessed range bound movement today. It is now having the trading range of 4850 to 4950. Both levels are very crucial. Technically still nifty is looking week & could face the profit booking also at higher levels. In nifty we could see that it is not looking to hold the rally for while, which means that still there is less interest in buying than selling. We recommend sell on nifty around the level of 4940 for the target of 4820 with the SL of 4990.

NIFTY Tips

 

[CapitalVia]

Nifty again shown both side direction today but did not sustain higher levels. The kind of closing it had made is some how suggesting that the buying interst is less in nifty future on higher levels. Nifty facing the profit booking also near to the resistance zone. The crucial resistance zone is seems to be around the level of 4990 to 5000. Closing above that level could indicate the trend reversal in nifty future. The key support base is around the level 4650 to 4700.

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[CapitalVia]

Nifty made gap up opening today but again didn't sustain on highs and get corrected from the high side of the trading range of 4850 to 4930.as we had mentioned in our previous report that sell on high levels strategy would be appropriate in nifty and it worked nicely today. We recommend that nifty could be in selling pressure below the level of 4760. In upside nifty could face the huge resistance at the range of 4940 to 4950 level. In the downside the vital support zone seems to be around the level of 4650 to 4670.

 

[CapitalVia]

Nifty witnessed range bound movement today. But one thing that is very vital is that it was not sustaining the high levels. Nifty also now facing the resistance around the range of 4900 to 4910. Above this range we could expect the level of 4980.technically we recommend sell on highs in nifty future until it made close above the level of 4950.intra day support is seems to be around the level of 4760 to 4780.

 

[CapitalVia]

Re: NSE - NIFTY Recommendation for 25th Feb. 2010

Nifty trading in narrow range & witnessed range bound movement. Nifty not sustaining highs & getting the intra day support around the level of 4800. In the upcoming few trading sessions we could expect the same type of trend. In the downside we could expect the serious selling pressure below the level of 4760. Could touch the level of 4650 in short term if it closes below 4760. We recommend sell on highs in nifty future.

 

[CapitalVia]

Nifty is trading in very narrow range of 4830 to 4890. Technically nifty looking week and again today made new low in market. We still expecting that it could make the downside breakout from here and we could expect the level of 4650 in nifty. In the range bound movement sell on highs strategy is looking appropriate. Traders who are having the long position in it should watch out the level of 4700, if it close below this then they should quit their long position & should focus on short side in market.

By Best Stock Advisory from India

 

[CapitalVia]

NIFTY Trend:

Nifty made the upside rally today back by the positive vibrations of the union budget 2010. It has faced the resistance around the level of 5005 at the 100 day moving average. Nifty made the breakout of the short term consolidation in charts but didn't sustain the upside rally and made closing near to the crucial level of 4940. We could expect that it is looking difficult for nifty to close above the level of 5050 in near term. We recommend that traders should go for sell on nifty close to the level of 5000 and should book the profit close to the level of 4930 to 4940 for intra day.

 

[CapitalVia]

Nifty made the crucial breakout today and made closing near to the days high. Now we could expect the trend reversal in nifty. In upside we could expect the level of 5100 and if it sustains these high levels could make more upside moves. Nifty could face the major resistance around the level of 5150.we recommend that traders should go for long in nifty with the sl of 4990 and tg could be 5140.

 

[CapitalVia]

Nifty continue the upside momentum which is been developed in it due to upside breakout of the resistance of 5000. Today it had cross the level of 5045 and also made good closing. We recommend that traders should go for long The next resistance is seems to be around the level of 5150. At that level market could stay for some time, so traders should once book profit here. The key support base is seems to be around the level of 4990 to 5000.

 

[CapitalVia]

Nifty witnessed upside consolidation phase today and one thing is looking very strong about nifty is the recovery from lower levels. Now we are expecting that nifty could touch the level of 5150 in short term.traders should go for long position in nifty with the sl of 4990 for the target of 5150.today nifty once touch the level of 5050 and made strong bounce from that level. Overall nifty is looking to continue its uptrend for while.

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[CapitalVia]

Re: Technical View on NSE - NIFTY

Nifty today made gap up opening and face resistance at the level of 5145 to 5150. In nifty we still expecting that in short run it might give you the level of 5205 if it close above 5150. In the downside the support base is looking at the level of 4990 to 5000. Closing below could take it the nifty till 4900. We recommend long position in nifty future at every decline until it close below the level of 5000.

 

[CapitalVia]

forecasting nifty trend

Nifty is in upside consolidation phase and facing the resistance at the level of 5150. Today made the closing below 5100 might witness some correction from here and could touch the level of 5045.in the downside the key support base is seems to be at the level of 4990 to 5000.we recommend sell on highs in nifty future until it close above 5150 for intra day.

 

[CapitalVia]

Re: Nifty and Nifty Futures Outlook

Nifty is looking to hold the level of 5090 to 5100 and getting good buying support at this levels. In the nifty future we could expect the upside rally if it close above the level of 5145 to 5150. Above this range might touch the level of 5200 and if it sustain could go till the level of 5225. At the moment moving in narrow range of 5090 to 5145, so for that range we recommend buying in nifty around the level of 5100 for the target of 5140 with intra day SL 5080.

 

[CapitalVia]

Nifty surpass the crucial upside level of 5150 and made the good breakout with convincing volume as well.in nifty future now we coulde expect the level of 5200 & if it sustain this level might touch the level of 5225 as well. The short term resistance is seems to be at the level of 5230 & after it the key resistance zone will be 5300 to 5305 for nifty. The support base is now looking at the level of 4990 to 5000.

 

[CapitalVia]

Nifty made a new high today and also made the good closing. Nifty continuously holding the crucial support level of 5090 to 5100, until it close below it we could not expect much correction in it. In upside the short term resistance is seems to be around the range of 5175 to 5180. Closing above could take the nifty future till 5230. The vital resistance zone seems to be at the level of 5300 to 5305.

 

[CapitalVia]

Re: Nifty is expected to follow uptrend

Nifty facing the resistance around the level of 5145 to 5160 level. But the one thing which is very vital is the recovery from the lower levels and holdings the level of 5100. Technically still it is looking to continue it's up trend for while and could make more upmoves from here, above 5175 we could expect the level of 5230 . The intra day support base is seems to be at the level of 5045 to 5050.

 

[CapitalVia]

Nifty made the upside breakout today and also made closing above 5175 level. As we had already mentioned in our previous report that if nifty future break above 5175 & close we could expect the level of 5230. Today it almost reached close to it. Now we are expecting that this upside rally could continue in market and might see the level of 5300 if it close above 5250 level. We recommend long position in nifty future and traders should also book the profit once close to the level of 5300.

 

[CapitalVia]

Re: NSE - NIFTY Recommendation for today

Nifty made the new high today and also hold the higher level of 5200. In the nifty future the next crucial resistance is 5305. We expect that market could stay at this point for some time. In the downside we could see the good intraday support base at the range of 5150 to 5175. We recommend that traders should go for long in nifty at every correction until it close below the level of 5175 to 5180. If nifty hold the 5300 level and close above it we could expect the level of 5370 in short term.

 

[CapitalVia]

Nifty facing the resistance close to the level of 5300, as we had already mentioned in our previous report that market could stay in the range below the level of 5300 & traders need to be cautious in initiating the long position.in the next trading sessions we could expect some correction in nifty future. The intra day support range is seems to be at the level of 5145 to 5150. Closing below could slip the nifty till 5000 in short term. We recommend that for tomorrow session traders could go for sell on nifty future below 5150 for the target of 5020 to 5025 with the sl of 5205.

 

[CapitalVia]

Nifty witnessed high volatility today and again get the good buying support at the level of 5190 to 5200. Nifty is holding the 5200 level from few trading sessions which indicating that market is having positive strength and could continue this uptrend for a while. In the upside the nifty future could face the major resistance around the level of 5300. Closing above could take it the nifty future till 5370 in short term. In the downside below 5190 nifty could slip till the level of 5145 to 5150.