NIFTY TREND TODAY 6th May

Markets were choppy for the most part of the day as investors stayed to the sidelines due to lack of direction, but heavy selling during the afternoon trades front liners- ICICI Bank, ITC,  HDFC Bank  and Bharti Airtel dragged the NSE benchmark index S&P CNX Nifty, down -77.30 points or -1.40 % at 5458.40.

NIFTY is near its bottom level in March, i.e.around 5360 and this can be a strong support.

The global markets are in red, but we started to fall early and may stop falling early- 

NIFTY SUPPORT AND RESISTANCE :-

RESISTANCE: It has first resistance close to the level of 5595 & above this level the next resistance is seen near the 5730 mark.

SUPPORT: It has first support close to the level of 5440 & below this level the next support is seen near 5350 mark.

Get latest and updated NIFTY levels daily  on mobile 

FREE NIFTY TIPS DAILY ON MOBILE

NIFTY LEVELS TODAY 5th May

Nifty was on bear trend last day and closed at 5537.

The Nifty futures closed and settled finally at 5536, down by -32.70 or -0.59 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5510 else above resistance level of 5595 it would be in an upward trend.

NIFTY is taking support near 5500 but global markets have started to fall, so watch Asian markets in the morning for an early clue of Thursday trade.

Many good stocks are available at cheaper rates and ONGC, SBI , TATA STEEL look good for quick gains.

RESISTANCE: It has first resistance close to the level of 5595 & above this level the next resistance is seen near the 5726 mark.

SUPPORT: It has first support close to the level of 5510 & below this level the next support is seen near 5415 mark.

NIFTY LEVELS FOR TODAY 20th April

Global markets seem to be corrected reasonably now, but may take time for reversal. Fears about downgrading of  'US credit rating ' ,Oil price hike and inflation will remain key concerns in near future.

But some good earnings/results of big co.s can help Indian markets to recover early.

NIFTY support for 20th April is at 5700 and 5660.

Resistance will be at 5790.

NIFTY LEVELS TODAY 18th April

 We expect the market to re-main choppy since much will depend on the fourth quarter earnings of frontline companies. Infosys reported a dip in earnings before interest, tax for the fourth quarter of 2010-11 on a sequential basis,Positive closing of US markets on Friday may provide support to the Indian market.
The 30-share Sensex slipped a tad last week to close at 19386.82 points, down 310.05 points, or 1.57%, on Friday. Broader benchmark Nifty also ended the week on a lacklustre note, closing almost unchanged at 5842.55 points Friday. The Street would be looking forward to the fourth quarter results of key companies. 


NIFTY SUPPORT AND RESISTANCE LEVELS FOR TODAY :-


RESISTANCE: It has first resistance close to the level of 5925 & above this level the next resistance is seen near the 6000 mark.

SUPPORT: It has first support close to the level of 5750 & below this level the next support is seen near 5695 mark.

NIFTY LEVELS TODAY 15th April

At the beginning of the week, markets followed the previous week's trend and remained under pressure on Monday. On Wednesday, bulls put on a good show, as Nifty scaled above the 5900 mark on Wednesday. All the 13 sectoral indices on the BSE participated in the rally while the 30-share BSE index gained 2.25% and closed at 19697.

The uptrend may prevail and markets may cross the previous key psychological levels in the near term. Thus, we advise a sell on the April series 5800 strike put option one lot at Rs 1,700 with a view that investors will gain the entire premium if Nifty closes above 5800. 

An unexpected rally in the markets may misguide. Sometimes markets are manipulated as on Wednesday. So better to use this rally as a chance to sell and be in cash.

NIFTY SUPPORT & RESISTANCE LEVELS FOR TODAY :-

RESISTANCE: It has first resistance close to the level of 5950 & above this level the next resistance is seen near the 6000 mark.

SUPPORT: It has first support close to the level of 5750 & below this level the next support is seen near 5695 mark

TRADE ADVICE TODAY :-

This is  adviced not to day-trade today(15th April) because markets may not follow any technicals levels.

So better wait for next week for direction and don't put your hard-earned money into 2-days risk.

NIFTY INTRADAY TIPS TODAY 13th April

Yesterday i.e. on 12th april, the C&P Nifty closed almost at the day's low. The Nifty Futures closed at 5798 showing a downfall of 56.90 points or almost 1%. The market seems to be bearish in near term and if Nifty trades below 5785 Level it could see some more downfall. Above the level of 5850, upward rally could be seen.

NIFTY SUPPORT & RESISTANCE LEVELS FOR TODAY :-

Resistance: Resistance levels are 5850-5935.

Support: Support Levels are 5785-5760.

BANK NIFTY LEVELS FOR TODAY 11th April

Bank Nifty Futures shut stop at 11804.90 up by 19.85 points or 0.17 %.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11956 else below 11665 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 11925 above this level the next resistance is seen near to the level of 12050.

SUPPORT: It has first support close to the level of 11665 & below this level the next support is seen near 11580 marks.