• Trading Account
  • Downloads
  • Nifty Options OI
    • Nifty Max Pain Chart
    • Nifty Option Change in OI Chart
    • Nifty Put Call Ratio
    • Nifty Option Total Change in OI
    • Nifty Trend Finder
  • BankNifty Option OI
  • About Us
  • Learn Technical Analysis
    • Advance Option Trading Course

OurNifty.com

A Indian Stock Market Blog

  • Forex
  • Gold
  • Intraday Stocks
  • Midcap Stocks
  • Multibagger
  • Nifty
  • Nifty Option
  • NSE
  • Amibroker

Nifty Futures Trading Target Level For 3 June 2011, Buy above 5574

By Bhaveek Patel Leave a Comment

Nifty futures has sown the sign of the reversal in its downtrend we are now expecting the upside form the current levels targeting the 5690 level in near term. However we will advice traders to add long position on every down move. We are going to see more buying from the current levels which will push the markets towards the 5690 level of past. So the current trend is up ward and taking the advantage of this uptrend we will be only looking for buying opportunities as long as nifty futures trades above 5571 level for intraday trading basis. Major resistance for nifty now lies at 5690 level, while immediate support is likely to be at 5569. Today we will advice traders to buy nifty above 5574 level for intraday target of 5599 and 5624 level, also stop loss for this trade must be placed below 5551 level. The major buying is likely to come from the retail investors and FII as they have been the major buyers. Markets are in uptrend and is likely to witness more supportive buying in the coming session.

At 11:25 AM (IST) Nifty is trading positive by 33 points. Today’s trend will be bullish, We will see some fresh long position likely to be added above 5574 levels today. Nifty Future trading range will be as shown in the support resistance levels below.

Nifty Futures Levels for 25 May 2011:
Resistance: 5599 / 5624
Support: 5550 / 5519

Nifty futures trading tips (3 June 2011): Buy nifty future above 5574 level for intraday target of 5599 and 5623 levels, also place Stop loss below 5551 level.

Share
Tweet
Pin
0 Shares

You Should Read This:

  1. Nifty Futures Support Resistance Level For 1 June 2011, Buy above 5571, For Target 5599 After the long consolidation in the markets we are now looking for fresh rally towards the 5700 levels as the markets are now now heading upward. However we are still expecting some minor selling from...
  2. Nifty Futures Support Resistance Level For 21 June 2011: Sell below 5330 For Target 5205 Nifty futures has given the downside breakout and this is signal for continuation of down trend. We see that markets has broken all the major supports and is now heading towards the last support of...
  3. Nifty Futures Support Resistance Level For 23 June 2011, Sell below 5328, For Target 5255 Nifty futures has given the downside breakout and this is signal for continuation of down trend. We see that markets has broken all the major supports and is now heading towards the last support of...
  4. Nifty Futures Trading Target Level For 13 April 2011, Buy Above 5824 Nifty futures has found near term support at 5767 level and is trading firmly above this level today. The major buying came from the FII, retail investors. We will advice traders to trade long for...
  5. Nifty Futures Trading Target Level For 19 May 2011, Sell below 5416 Nifty futures continuing its downtrend falling from 5900 to 5414 levels yesterday. We are looking for selling opportunities only on every up move from here. Also markets are likely to heavily consolidate, due to high...

Category: Nifty Tags: nifty/ Nifty Analysis/ Nifty Levels

About Bhaveek Patel

Bhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Previous Post: Forex: EUR/USD Trading Analysis for 1 June 2011: Buy EURUSD above 1.4445
Next Post: Intraday Stock Trading For 3 June 2011: Sell SUNTV At 290, Target 280

Advance Options Trading Course

options trading course

Lowest Brokerage Trading A/c

Lowest brokerage trading account opening in India

Learn Technical Analysis

technical analysis course

Recent Articles

  • ASX Penny Stocks List for 2025
  • 7 Ways to Boost Your Revenue
  • NYSE Penny Stocks List for 2025
  • Short On Cash? Here’s How You Can Manage Your Priority Spends
  • FREE Webinar on Option Chain Analysis
  • LSE Penny stocks list for trading in 2025 Should you buy?
  • BSE Penny Stocks List 2025

Popular Categories

Amibroker Finance Forex Gold Intraday Stocks IPO Midcap Stocks Multibagger NEWS Nifty Nifty Option NSE Results Short Term Stocks Technical Analysis

About Us | Contact Us | Privacy Policy | Disclaimer


Copyright © 2009 - 2025 OurNifty.com Trading ideas published here cannot be reproduced without permission from the author.
OurNifty is Powered by Wordpress and hosted on Digital Ocean