Today, we saw nifty breaking below its support zone and is likely to approach its next support of 5742 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 November series on every dip, around 75. A strong upward momentum is expected once nifty future touches 5742 level. So Buy Nifty 5800 Call near 80 ... [Continue Reading]
Nifty Trading Levels For 17-Nov-2010
We may see Nifty to trade lower in range of 5943 to 6033, we suggest you to enter a buy position, as this is only opportunity to buy the bluechip stocks. But be cautious as Nifty has broken below its 50DMA and is more likely to witness 5945 levels. Trade cautiously, as markets may witness huge volatility. Nifty Trading Levels: Resistance : 6033 / 6064 Support : 5987 / 5943 Our Trading Outlook: ... [Continue Reading]
Nifty Support Resistance Levels For 15-Nov-2010
We may see Nifty to trade within wide range of 6100 to 6030, we suggest you to wait for any breakout in either direction before entering the trade today. Nifty: Resistance : 6100 / 6124 Support : 6040 / 6020 Our Trading Outlook: One can enter Buy position in Nifty above 6045 levels. The target levels will be 6095 / 6120, From here Nifty may find strong resistance. For all the long(Buy) ... [Continue Reading]
Buy Nifty 6000 Call Above 121 for November Series
On Friday (12-11-2010), we saw nifty breaching just above its 50 DMA (Strong support level) of 6020. We are again expecting a bounce from our current levels, considering a limited downside. A breakout is expected towards 6200 as target levels. Our Analysis: Buy Nifty 6000 Call above 121 for Targets 190 / 222. Keep stoploss: Exit call if Nifty trades below 5995 levels. ... [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]
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