We may see Nifty to open with gap up today, then it may further go higher from that level to its first resistance of 6000, we suggest you to enter a buy position, as this is good opportunity to buy nifty at these levels. The trend will be bullish today. Nifty: Resistance : 6000 / 6034 Support : 5943 / 5914 How to trade nifty today: Buy Nifty Future near 5960 levels for the target of 5985 and ... [Continue Reading]
Buy Nifty 5800 Call Near 80 for November Series
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 Future Likely to Approach 5742 Level Soon
After moving near 52-week high, Nifty was unable to find strength to break those levels. Hence we saw a declining move in markets since last week. As per our analysis we see nifty to approach 5742 level soon, may be in next week (22-Nov-2010). The 5742 level will act as a strong support, nifty wont go below this level. Our Analysis for Nifty Future Trading (22-Nov-2010): Buy Nifty Future near ... [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]