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]
Nifty Futures Support Resistance Level For 26-Nov-2010
We will witness buying at lower levels today may be near 5742 level. However, we suggest you to enter a buy position, as markets are more likely to strengthen so buy nifty futures near 5750 levels. The trend will be positive today, also volatility will be higher compared to past sessions. Nifty will be in a wide range as shown in by the support resistance levels below. Nifty: Resistance: 5809 / ... [Continue Reading]
Nifty Futures Support Resistance Level For 25-Nov-2010
Nifty shall open flat to positive following global markets, we will witness huge volatility today as F&O series for November will be expiring today, we expect buying support in this market today. However, we suggest you not to trade today due to volatility. Also, range for nifty will be 100 points as seen in support resistance. Nifty: Resistance: 5895 / 5956 Support: 5844 / 5802 How to trade ... [Continue Reading]
Nifty Futures Support Resistance Levels For 24-Nov-2010
Nifty shall open flat to positive on global cues, we will witness buying at lower levels today may be near 5925 level. However, we suggest you to enter a buy position, as markets are more likely to strengthen so buy nifty futures near 5949 levels. The trend will be mixed today, also volatility will be higher compared to past sessions. Nifty will be in narrow range as shown in support ... [Continue Reading]
Nifty Future Support Resistance Levels For 23-Nov-2010
Nifty may open slightly lower today following global markets, we can see profit booking near 5970 level. However we may see more weakness in afternoon session, we suggest you to enter a sell position, as markets are more likely to weaken so sell nifty near 5965 levels. The trend will be mixed to bearish today. Todays range will be slightly higher than the previous sessions. Nifty: Resistance : ... [Continue Reading]
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