Nifty may continue its yesterdays uptrend. We expect profit booking in nifty near 6020 levels today, however we are still bullish and will accumulate nifty on every dips. For Nifty future traders we recommend to Buy Nifty Futures above 6027 level or Sell Nifty futures below 5981 level. The trend will be mixed to positive today. Today's trading range is shown in the support resistance levels ... [Continue Reading]
Nifty Futures Support Resistance Level For 1-December 2010
Nifty will continue the yesterdays upside. We don't expect nifty to correct from these levels today, however we will find stiff resistance in Nifty future around 5946 level. We recommend to Buy Nifty Futures near 5911 level for intraday target of 5945 and 5961. The intermediate trend will be positive today. Today's trading range is shown in the support resistance levels below. Nifty: Resistance: ... [Continue Reading]
Nifty Futures Support Resistance Level For 29-Nov-2010
Markets are likely to open positive, on firm asian markets. We will witness good buying at lower levels today may be near 5800 level. As markets are more likely to strengthen so buy nifty futures near 5800 level. The trend will be positive today, also volatility will be low compared to past few sessions. Nifty will be in a wide range as shown in by the support resistance levels ... [Continue Reading]
We Expect Nifty to Bounceback Next Week to 5979 Level
As we saw a strong selling in the broader markets for the week, we are now seeing that this correction cannot be ruled out to more extend. So a bounce is expected by support at lower levels followed by short covering. When we talk about nifty we are more likely to bounce back to 5979 levels. Technically nifty is having strong support at 5700 level. Resistance at 5905 and 5979. Our trading ... [Continue Reading]
Buy Nifty 5900 Call Near 89 for December Series
Broader markets saw very negative trend, Nifty breaking below its support zone and has already approched its strong support of 5728 level. 50 DMA on 4 hour chart. We are sure that nifty will not break below that level. So it is good opportunity to accumulate Nifty 5800 call for december series on every dip, around 89. A strong upward momentum is expected once nifty future touches 5728 level. Buy ... [Continue Reading]