Nifty Future

Closed : 5472

Now what to do.....today

Now Today : we may consider resistance 5497-5504.....decisively crossover and stay with volume it will show strength and likely test ............ lower level strong support 5445...?............. decisively break with volume another round of panic and may test ...? Near the major support...

SBI

Highly over sold counter....

Above 2200 no problem of this counter

And your stop loss for long position is...?.....

DLF

Strong reversal from the 52 weeks low 208

And finally closed above 220 level,

On rise it will face resistance...?... and reversal

To sell side..

HDIL

Consider support 150

And resistance 163-167 watch out,

Whether cross or not.

HPCL

Looks good and decline to buy

With consider support 370-365 range,

Good bet for long term....

TISCO

Double bottom formation at 565

Finally closed above 580 - short term positive

Buy on dips strategy.

RELIANCE IND.

Strong reversal from the level of 930 range

Now watch out 965 whether cross or not

Above - More up side

Reversal - to test again 925.

INFOSYS

Bear Favour continue...

Below 2950-3000

Our target 2600-2500 range

BSE index: (18266) Consider for this week...18300 a nearest & 18430 a crucial resistance to watch out for initially. A close above 18430 only it'll sustain on higher levels & surge up correctively to 18628, 18800 & 18976-19015, book profit on higher levels.

Downward side 18226 a nearest & 18042 a crucial support, keep stop loss of 18008 to your buys. A close below 18008 it'll heavily fall down to 17625.

Intraday Nifty June Future: (5466) Consider for this week...5520-5531 crucial resistance to watch out for. A close above 5531 only it'll sustain on higher levels & surge up to 5597, 5650 & 5703-5720, sell on higher levels keeping stop loss of 5766.

Downward side 5461-5448 a nearest & 5405 a crucial support, keep stop loss of 5389 to your buys. A close below 5389 it'll heavily fall down to 5269 & thereafter to 5233.

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BSE index: (18326) Consider for this week...18436 a solid resistance up to which selling on higher levels will be seen, keep stop loss of 18503 to your shorts on a closing basis.

Downward side a close below 18040 it'll heavily fall down to 17910-17876-17848 initially. A close below 17848 it'll crash down to 17600.

Upward side a close above 18503 it'll surge up to 18785 & 18965 in a disguised manner, keep stop loss of 19016 & go short on higher levels.

Intraday Sureshot Nifty MAY Future: (5485) Consider for this week...Sell on higher levels considering 5528 a solid resistance keeping stop loss of 5559. Downward side a close below 5417 it'll fall down to 5377 & 5350 initially. A close below 5350 it'll crash down to 5319 & 5269.

Upward side a close above 5559 it'll surge up further to 5624 & 5667-5703, sell on higher levels keeping stop loss of 5763.

Bank Nifty Stock Market MAY Future: (10667) Consider for this week...Sell on higher levels considering 10812-10840 a nearest & 10938 a solid resistance keeping stop loss of 10985. Downward side 10612 & 10541 crucial supports. Break below 10541 it'll fall down to 10449 initially. A close below 10449 it'll crash down to 10208.

Upward side a close above 10985 it'll surge up to 11269.

TATA MOTORS: (1169) Sell on higher levels considering 1182 & 1194 solid resistance keeping stop loss of 1217. Downward side break below 1143 it'll fall down to 1128 & 1103 initially. A close below 1103 it'll crash down to 1062.

BAJAJ AUTO: (1330) Buy considering 1316 a solid support keeping stop loss of 1297. Upward side it'll surge up to 1352, 1379-1392 & 1422, sell on higher levels keeping stop loss of 1431. Downward side break below 1297 it'll turn weak & fall down to 1269-1260 initially. A close below 1260 it'll crash down to 1197 & 1158.

HERO HONDA: (1330) Sell on higher levels considering 1835-1850 a solid resistance area keeping stop loss of 1885. Downward side it'll fall down to 1731.

AXIS Bank: (1222) 1259 & 1201 crucial trend deciders. A close above 1259 it'll spurt up to 1300 & 1326. Downward side a close below 1201 it'll heavily crash down to 1160, 1134 & 1093.

DR REDDY: (1607) A close below 1569 it'll heavily crash down to 1526, 1500 & 1457. Upward side 1645 a solid resistance.

HDFC Bank: (2316) Buy considering 2290 a solid support keeping stop loss of 2260. Upward side it'll rush up to 2358-2368 initially. A close above 2368 it'll spurt up further to 2389 & 2450.

HINDALCO: (193) Sell considering 195 a solid resistance keeping stop loss of 199. Downward side it'll fall down to 184 & 175.

ICICI Bank: (1044) A close below 1023 it'll heavily fall down to 978 & 950. Upward side 1073 & 1096 solid resistances.

L&T: (1652) 1676 a crucial resistance closing above which it'll flare up further to 1808. Downward side 1641 & 1611 nearest & 1572 a solid support.

ORCHID CHEM: (284) Sell on higher levels considering 293 & 298 solid resistances keeping stop loss of 308. Downward side it'll fall down to 270 & 258.

INTRADAY NIFTY STOCK MARKET FOR TODAY : In the last week Nifty on Friday rebound strong due to positive development in Political front and finally made a high 5605 but closed down side at 5544. Medium term view again negative un till or unless it will not close above 5630 level. In this week, we may consider resistance 5630-5650, successfully crossover this range will further move up to 5690-57450 which is the strong resistance, thereafter more up side. 

On the lower side 5400-5350 are a crucial support which made on March 21, 2011, traders should watch out with short positions around this level. It looks that some more days Index remain side ways before fresh move in either side. Major support weekly 5450-5440.

TODAY : Nifty opens positively and showing good strength on positive side and touch the 5600 level and at the end it close around 5544 level and close positively. Technically above 5615 can see the resistance level around 5672-5747 and below 5475 can see the support level around 5411-5378. Today Magic No. 5610 .

BSE MARKET FOR TODAY : In the last week strong rebound but unable to cross major resistance 18800-18850 and finally closed at 18531. In this week immediate resistance is 18724-19000 and 19109, thereafter some more up side , on the lower side if unable to cross Friday high , lower level support 17792-17775-17500 in near term. Over all it looks that current trend in favour bears and it appears that bottom finishing are very near, thereafter it will resume his journey again.

Today : . BSE Index is open positively and showing some strength on positive side and close positively. Technically above 18724 resistance can touch around 18862-19028 abd below 18262 support is 18160-18078. Today Magic No 18742.

CNX BANK NIFTY STOCK  : Last week, after a made a low of 10843 strong rebound were saw resulted it was made a high of last trading session 11203 and finally closed at 11065. In this week, we may consider resistance 11210-11220, successfully will move further and likely to test 11400-11500. Strong close above 11500, it will move further, whereas the down side support 10750 watch out. Consolidation range 10750 to 11200.

 

TODAY: Bank Nifty opens positively and after it was showing volatile situation with some strength in the market. And close positively. Technically above 11188 it can face the 11293-11412 resistance level and below 10807 can see the 10726-10603 support level. Now current down move will retest again 10000 mark or even below ?........ Today Magic No. 11214.

Nifty Future  Closed : 5580  : On Friday, we have predicted lower level support 5464, (Low 5465 and move 157 points) decisively break only weakness higher level resistance 5520, crossover think to buy for target 5620 and the same was happened (High 5622 - Low 5465 - Close 5580).

Nifty has technical support at 5500. It has a chance of recovery as long as it sustain above 5500 but how long can it sustain? Technical resistance will be at 5630, which will not be easy to cross on higher side. I feel sell off may hit at higher levels again. 

This stock has bounced from 590 levels yesterday while major trading support was at 586 levels.It seems that it may gain in initial hours and may move to 615 levels. It may provide us some initial buy trade opportunity but selling may hit from higher levels. 

Excellent result........

Now time to buy on Intra day Decline only Above...?

Excellent result........

Now time to buy on Intra day Decline only Above...?

Strong bounce back from the lower level

Stiff resistance 2700-2750

Reversal to sell side..

Over sold counter....

Hold yesterday low ....Sharp move likely

Decline to best buy...

Above 2000 up move continue..

Looks good......

Above 480 target 505-511-540.

Above 1250 looks hot

And play for 1300 mark.

INTRADAY NIFTY STOCK :Today : Yesterday Nifty opens down side gap but take a support 5500 but last hrs of trading sudden ump were saw resulted it was made a high of 5578. Over all trend is side ways.. Today it will take support 5503 trade and sustained below immediate target 5450, higher level resistance continue 5580, 6000. Major resistance 5635.

BSE : Today : As expected BSE Index unable to hold 18500 and made a low of 18339. Now today support watch 18320, crossover 18469, it will test 18506 abnd 18590 . Down side below 18339, over all selling in the market.

CNX BANK NIFTY : TODAY : - Crucial level is 10821. .... Hold this level it will test 10967, thereafter more up side and likely test 11035-111000 and above. Down side decisively break 10821-10800, over all selling in the market and may test 10650 which is a major support .

INTRADAY NIFTY FUTURE

Nifty Future Closing : 5538
Watch carefully today's nifty magical figure... 5544
Buy Nifty Future above magical figure for upside
First target...   5566 and above it
Second target...    5596
and crosses over both it will come...    5625
Sell Nifty Future, if Nifty is running below magical figure then your downside
First target...    5509
Second target... 5480
Third target... 5450

BANK NIFTY FUTURE

(Closing - 10929)
Today's magical figure...10940
Buy it above magical figure upside
First target ... 11990
Second target ... 11050
Third target...    11144
Sell it if running below Magical figure for downside:
First target ...10880
Second target...10830
Third target ... 10770

TATA MOTOR FUTURE

(Closing - 1157)
Today's magical figure... 1158
Buy it above magical figure upside targets
First target ... 1167
Second target ... 1175
Third target ... 1184
Sell it running below Magical figure for downside:
First arget ... 1147
Second target ...1133
Third target ... 1124

SBI FUTURE

(Closing - 2626)
Today's magical figure... 2628
Buy it above magical figure upside
First target ... 2658
Second target ... 2680
Third target ... 2710
Sell it running below Magical figure for downside:
First target ...2600
Second target ...2575
Third target ... 2552