Last week the markets were uncertain, but today we saw a good breakout of 6054 levels of 18 November. Due to this breakout we have become very bullish on markets. So we will recommend you to see buying opportunity at every dip. If Nifty trades above 6055 level for more than 30 minutes we will be long at around 6060 level for intraday target of 6078 and 6096. The trend will be bullish (positive). ... [Continue Reading]
Nifty Futures Support Resistance Level For 3-December 2010
Markets may witness profit booking after 4 day upside. We expect profit booking in nifty near 6027 levels today, however we are expecting volatile session today. Today's strategy should be to Sell Nifty Futures below 6027 level for intraday target of 6000 and 5988. The trend will be mixed to negative. Today's trading range is shown in the support resistance levels below. Nifty: Resistance: 6036 ... [Continue Reading]
Nifty Futures Support Resistance Level For 2-December 2010
Nifty may continue its yesterdays uptrend. We expect profit booking in nifty near 6020 levels today, however we are still bullish and will accumulate nifty on every dips. For Nifty future traders we recommend to Buy Nifty Futures above 6027 level or Sell Nifty futures below 5981 level. The trend will be mixed to positive today. Today's trading range is shown in the support resistance levels ... [Continue Reading]
Nifty Futures Support Resistance Level For 1-December 2010
Nifty will continue the yesterdays upside. We don't expect nifty to correct from these levels today, however we will find stiff resistance in Nifty future around 5946 level. We recommend to Buy Nifty Futures near 5911 level for intraday target of 5945 and 5961. The intermediate trend will be positive today. Today's trading range is shown in the support resistance levels below. Nifty: Resistance: ... [Continue Reading]
Nifty Futures Support Resistance Level For 30-Nov-2010
Nifty will witness intraday support near 5783 level today, if it beaks below that support level then are more likely to see further downside. We expect a recovery in broader indices today, so Buy Nifty Futures near 5810 level holding for intraday target of 5865 and 5879. The intermediate trend will be positive today. Nifty can show a positive breakout today, with range shown in the support ... [Continue Reading]
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