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 Support Resistance Levels For 8-Nov-2010
We may Nifty to trade within tight range of 6275 to 6317, we suggest you to wait for any breakout in either direction before entering the trade today. Nifty: Resistance : 6322 / 6344 Support : 6277 / 6254 Our Trading Outlook: One can enter Buy position in Nifty above 6316 levels. The target levels will be 6330 / 6344, From here Nifty may find strong resistance. For all the long(Buy) positions ... [Continue Reading]
Nifty at 6300, Wether to Buy or Sell
We saw Nifty trading at 6300 levels. These levels are very crucial for Nifty, If it don't manage to cross 6344 levels then we may again go back to 5995. If Nifty manages to break above the 6344 then there must be a 120 points rally soon. So it will be better to focus on these levels before acting on the markets. ... [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]
Buy and Hold Nifty 6100 Call for November
Breakout of 6095 levels is a positive signal to enter long in nifty, So, Buy Nifty 6100 Call for November series above Rs.124 for target of Rs.158 / 180 levels, Also, keep stop loss at 111 levels. Targets are likely to be achieved next week. Strong momentum is possible in Nifty next week. ... [Continue Reading]