NIFTY TREND & LEVELS TODAY 7th April

After rallying in green zone for last two weeks, market today faced  the selling pressure and Nifty Index ended in the red at 5891.75 down by -.31% or 18.30 points.

The Nifty futures closed and settled finally at 5910.95, down by 21.65 points or -0.36 %. It looking bullish in the coming trading session if it manages to trade above the resistance level of 5975 else below 5870 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5975 & above this level the next resistance is seen near the 6075 mark.

SUPPORT: It has first support close to the level of 5870 & below this level the next support is seen near 5770 mark

NIFTY TREND and LEVELS TODAY 5th April

Dalal street continues to be in top form. It may be the World Cup euphoria but there was just no stopping the rally on Dalal street today.

The 50-share NSE Nifty rallied 82.40 points or 1.41%, to close at 5,908.45, supported by 40 stocks out of 50. The Nifty April futures ended at 40 points premium (provisional).

BSE Sensex:- (19702) The support for the Sensex is 19500 and the resistance to the up move is at 19850-20000

NSE Nifty: (5908) The support for the Nifty is at 5850 and the resistance to the up move is at 5960-6000.

Nifty Intraday Tips 5 April 2011 :-

ACTION                 PRICE          STOP LOSS       TARGET-1      TARGET-2 

BUY ABOVE         5911                  5870                   5940                  5970  

Nifty Intraday Levels for 5 April 2011 :-

SUPPORT 1      SUPPORT 2         RESISTANCE 1             RESISTANCE 2

    5870                        5880                        5940                                5970  

NIFTY TREND & TIPS FOR MONDAY 4th April 11

The markets took a pause after an interrupted run in the last eight trading sessions. The S&P CNX Nifty closed at 5826.05, down -7.7 points or -0.13 %.

The Nifty futures closed and settled finally at 5865, up by 6.30 points or 0.11 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5885 else below 5770 it would be in a downward trend. 

RESISTANCE :- It has first resistance close to the level of 5885 & above this level the next resistance is seen near the 5925 mark 

SUPPORT:- It has first support close to the level of 5770 & below this level the next support is seen near 5660 mark. 

INTRADAY STOCK TIPS TODAY 17th March

TRADING STRATEGY FOR 17th March :-

Markets close higher with cautious optimism

The market opened gap up yesterday on strong global cues coupled with sharp reversal witnessed in the Japanese markets.

The Sensex after firm opening of nearly 100 points at 18263 closed the session gaining 191 points while the Nifty ended with hefty gain of 61 points at 5511, nearly 25 points off the day’s high. The market will be keenly watching the RBI’s policy statement today outlining measures to contain the surging inflation. Readers may note that the U S markets overnight have lost heavily with the DOW losing more than 240 points on economic concerns after the Japan disaster. The investors are therefore advised to trade with caution.

MARKET OUTLOOK TODAY 17th March:-

US Markets ended lower.

Europe ended lower too.

Asia has opened in deep red.

Expect the Indian markets to have a negative opening

NIFTY SUPPORT & RESISTANCE 17th March :-

R 2 5566.5

R 1 5538.75

Pivot *5507.35*

S 1 5479.6

S 2 5448.2

STOCKS TO WATCH TODAY :-

Look out for stocks like LNT, RIL, KPIT, MNM and Reliance Infra.

INTRADAY TIPS FOR TODAY 15th March

FREE INTRADAY TIPS ON MOBILE

Market Daily trend is up Market has taken support and resumed its upward momentum. So as overall trend of market is up, the readers who had created long positions in Nifty when it closed at 5532 may go on holding the longs till the trend remains up. Percentage of stocks above support is still below 50%, so the readers may still stay out of the marketand do not create long positions in cash market till the percentage of stocks above support does not come more than 50%.

This is list of 10 Strong Futures:

1.Apollo Tyre

2.Reliance

3.Mcleodruss

4.Escorts

5.Nat Alum

6.Welcorp

7.Tech M

8.Essar Oil

9.Bhushan Steel

10.HDIL. 

This is the list of 10 Weak Futures:-

1.Mphasis

2.Patel Eng

3.Areva

4.GVKPIL

5.Punjlloyd

6.Educomp

7.S Kumars

8.LITL

9.GT Offshore

10.Vijaya Bank.

INTRADAY CALLS FOR TODAY 15th March :-

NSE Code	Close	Vol	Avg Vol	% change	Buy above
NHPC	31.85	3868041	8519534	-0.16	32.3
NTPC	200.1	3083040	4294562	-1.31	203.9
POWERGRID	106.3	4394944	1813831	-0.47	107.55
ADANIPOWER	109.95	971111	1611840	0.5	110.35
RAJESHEXPO	103.25	654508	1062242	-1.57	106.15
HCLTECH	360.55	349317	1016747	0.04	363.25
ONGC	1084.7	1122140	820282	0.09	1094.5