OurNifty.com

A Indian Stock Market Blog

Nifty Support Resistance Levels For 28-Oct-2010

By Leave a Comment

Today being F&O expiry of October series, Nifty may trade with high volatility; wait for any breakout in either direction before entering the trade today. Small trader may stay away from markets today. Nifty: Resistance : 6087 / 6113 Support : 6039 / 6004 Our Trading View: Enter Buy position in Nifty above 6066 levels. The target levels will be 6085 / 6095, From here Nifty may find strong ... [Continue Reading]

Nifty Support Resistance Levels For 27-Oct-2010

By Leave a Comment

As the expiry of october series is approaching, we see Nifty to trade in tight range today, also the volatility will be high. So, wait for the breakout in either direction before entering the trade today. Nifty: Resistance : 6128 / 6163 Support : 6056 / 6014 Our Trading View: One can enter buy position once nifty comes in support area near 6056 levels. The 6056 level will act as a good support ... [Continue Reading]

Nifty Support Resistance Levels For 26-Oct-2010

By Leave a Comment

We see Nifty to trade in this range today, may be with high volatility; so, any breakout in either direction will decide the trend today. Nifty: Resistance : 6139 / 6193 Support : 6042 / 6001 Our Trading Outlook: One can enter buy position once nifty touches the support zone. The 6042 level will be a good support for Nifty. For all long positions here one can keep the target at 6086. ... [Continue Reading]

Where Do We Expect Nifty Next Week (25-Oct-2010)

By Leave a Comment

Markets inched lower in past two trading sessions, this created a consolidation or range bound markets as broader indices are trading between 20 DMA and 50 DMA. We expect Nifty to take a strong support from 5916 levels (50 DMA level), and take a V-shaped recovery from 5916 levels. So, unless we touch the 5916 levels we don't see any trigger for the bounce back. I would recommend to enter long in ... [Continue Reading]