Buy Nifty Future near 6126 levels, For Target: 6150 / 6167, Stop loss should be placed at 6111. Bounce can be seen in 30 min chart. If it manages to cross above its 200DMA (6142 level), then target 6167 is sure. ... [Continue Reading]
Where Do We Expect Nifty Next Week (25-Oct-2010)
Markets inched lower in past two trading sessions, this created a consolidation or range bound markets as broader indices are trading between 20 DMA and 50 DMA. We expect Nifty to take a strong support from 5916 levels (50 DMA level), and take a V-shaped recovery from 5916 levels. So, unless we touch the 5916 levels we don't see any trigger for the bounce back. I would recommend to enter long in ... [Continue Reading]
BUY NIFTY FOR TARGET 6300 LEVELS THIS MONTH
A significant rally of 600 points was seen in Nifty last month which was overruled by profit booking in last 6 trading session. We have been bullish since 5600 levels, also a strong support in nifty is formed around 5911 i.e 50 days EMA. A jump is expected on these broader indices; as we look at the daily charts, Nifty has already formed a strong support around 6000 levels. Our Preference for ... [Continue Reading]
NIFTY LEVELS FOR 18 OCT 2010
Here we are with today's (18-OCT-2010) NIFTY Future analysis: Nifty Future is likely to be bearish till its first support level of 6019. If it continues to trade below this level then we see immediate intraday support at 5982 levels. If it trades above 6033, Target for Nifty Future comes to 6060 and 6077 in extension. Our Analysis: BUY NIFTY FUTURE ABOVE 6019 FOR TARGET: 6055 / 6077 STOP LOSS ... [Continue Reading]
Buy Nifty at 6262 for Target 6287
Recommendation for Nifty for 14-Oct-2010: Buy Nifty around 6262 for target of 6287 / 6299. Stop loss for this trade can be placed at 6246. Comment: Nifty has been consolidating between 6100 and 6200, yesterday it has given a positive breakout following global markets. The daily technical indicators are showing strong bullish pattern. ... [Continue Reading]