NIFTY LEVELS TODAY 11th may

Yesterday i.e. on 10th may,markets remained range-bound and it is consolidating in 5500 to 5600 channel.

As I said here yesterday, it lacks the positive trigger, so NIFTY faced selling pressure near 5590 and it is took support near 5520- as perfectly predicted here.

Today markets may open positive but will tend to remain flat to negative.

SUPPORT & RESISTANCE LEVELS TODAY :-

RESISTANCE: It has first resistance close to the level of 5605 & above this level the next resistance is seen near the 5730 mark. 

SUPPORT: It has first support close to the level of 5500 & below this level the next support is seen near 5440 mark.


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NIFTY LEVEL TODAY 10th May

The Nifty futures closed and settled finally at 5558.65, up by 3.65 or 0.07 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5500 else above resistance level of 5595 it would be in an upward trend. 

NIFTY SUPPORT & 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 5500 & below this level the next support is seen near 5350 mark.


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NIFTY TIPS &TARGETS TODAY 9th March

Nifty was on bull trend last day and closed at 5520.Lets see where will it move today

Today the first resistance for nifty is at 5539-44 level.

Next resistance is at 5557-61 level.

Next resistance is at 5587-90 level.

Next resistance is at 5613-17 level.

Next resistance is at 5631-33 level.

On downside first support for Nifty is at 5502-98 level.

Next support at 5482-80 level.

Next support at 5452-47 level.

Next support at 5435-34 level.

Next support at 5420-15 level.

Next support at 5382-78 level.

Next support at 5360-57 level.

So today for intraday the range between 5540-60 will a resistance area and on down side support for intraday is at 5480 level.Positionally below 5447 be very alert as chance are there for trend change and main hurdle on upside is at 5612-17 level for positional trade.

NIFTY SUPPORT &RESISTANCE LEVEL

Positional Support for NIFTY 5447 5428 5413 .

Positional Resistance for NIFTY is 5534 5642 5671 5713 5739 5837.

MARKET WELCOMED BUDGET;Bullish way continues

Market welcomed the favourable announcement made by Mr Pranab Mukherjee yesterday on 28th feb in loksabha and as a result sensex gains 122 points.The budget cleared the way for foreign investors to invest in Indian equity market through domestic mutual fund schemes, which helped sentiments. In addition, the market cheered the government’s lower fiscal deficit target for financial year 2011-12, lower-than-expected net borrowing, proposals to boost infrastructure investment and a reduction in surcharge on corporate tax.

Nifty gained 29.70 points, or 0.56 per cent, to settle at 5,333.25. All BSE sectoral indices, except for the BSE healthcare index, ended with gains. The turnover in NSE’s cash segment rose to Rs 16,539 crore compared with Rs 13,502 crore in the previous session.

The Budget may have shaken the stock markets, but you can still pick some gems from the infrastructure, auto, FMCG, and pharma sector.

NIFTY TREND FOR TODAY

Nifty trend was volatile on budget day and made an intraday high of 5477 and finally lost much of the gain and closed at 5333 with slight gain .Today the first resistance for nifty is at 5352-56 level.Next resistance at 5380-84 level.Next resistance is at 5398-01 level.

On downside first support is at 5314-10 level.Next support at 5273-68 level.Next support at 5245-41 level.

Positional Immediate support for NIFTY is 5223. Positional Resistance for NIFTY is 5401 5440 5454 5603 5656 5689 5742 5777 5868.