We saw Nifty trading at 6300 levels. These levels are very crucial for Nifty, If it don't manage to cross 6344 levels then we may again go back to 5995. If Nifty manages to break above the 6344 then there must be a 120 points rally soon. So it will be better to focus on these levels before acting on the markets. ... [Continue Reading]
Nifty to Jump About 150 Points Next Week
As per our analysis, we expect a strong bounce back on nifty for about 150 points next week. This jump was confirmed on Friday (29-Oct). As we saw Nifty sharply advanced after touching the 50 DMA of 5933. This shows that the markets have finally found its support at 5933 levels, So considering these levels we see limited downside from here and an upside potential towards 6116 / 6158 levels. Stop ... [Continue Reading]
Nifty Support Resistance Levels For 28-Oct-2010
Today being F&O expiry of October series, Nifty may trade with high volatility; wait for any breakout in either direction before entering the trade today. Small trader may stay away from markets today. Nifty: Resistance : 6087 / 6113 Support : 6039 / 6004 Our Trading View: Enter Buy position in Nifty above 6066 levels. The target levels will be 6085 / 6095, From here Nifty may find strong ... [Continue Reading]
Nifty Support Resistance Levels For 27-Oct-2010
As the expiry of october series is approaching, we see Nifty to trade in tight range today, also the volatility will be high. So, wait for the breakout in either direction before entering the trade today. Nifty: Resistance : 6128 / 6163 Support : 6056 / 6014 Our Trading View: One can enter buy position once nifty comes in support area near 6056 levels. The 6056 level will act as a good support ... [Continue Reading]
Nifty Support Resistance Levels For 26-Oct-2010
We see Nifty to trade in this range today, may be with high volatility; so, any breakout in either direction will decide the trend today. Nifty: Resistance : 6139 / 6193 Support : 6042 / 6001 Our Trading Outlook: One can enter buy position once nifty touches the support zone. The 6042 level will be a good support for Nifty. For all long positions here one can keep the target at 6086. ... [Continue Reading]