NIFTY OUTLOOK - Market Updates for Today 21 Dec. 2012

The Nifty started to correct some time midday and I got the feeling that we might see a deeper correction, but as usual buying came in at lower levels and drove up the Nifty again. I get the feeling we need a trigger event to break past this 5,950-6,000 zone and until that does not happen we will trade sideways or correct to 5,800 levels. 

Trend deciding level is 5,920. If Nifty shows strength above 5,920 levels, then rally to 5,950/6,000/6,050 may be seen. If Nifty does not show strength above 5,920 levels then selling pressure till 5,880/5,840/5,800 may be seen.     

The Sensex has supports at 19,350 and 19,200 and resistances at 19,510 and 19,620. The Nifty spot has supports at 5,880 and 5,838 and resistances at 5,940 and 5,965.

Read More

Nifty Intraday Updates for Today 20 Dec. 2012

The Nifty traded in a narrow range after opening gap up, the good thing was it held the gap. The view is still positive and once we break 5,950 - 5,960 we could see 6,100 then. 

Nifty Future ended at 5,946.90 with a small spinning top candle. Movement suggests resistance on higher band of the market around 5,990-6,000, so cautious stance needs to be taken. 

The Sensex has supports at 19,410 and 19,300 and resistances at 19,520 and 19,620. The Nifty spot has supports at 5,905 and 5,875 and resistances at 5,940 and 5,965.

Read More

NIFTY OUTLOOK - Market Updates Today 19 Dec. 2012

The Nifty is broadly range bound between 5,840 and 5,930, it keeps consolidating between this range and we see stock specific action in the midcap or certain sector specific stocks. The Nifty is correcting slowly and buying is coming in at lower levels, hence until we are above 5,840 traders should have a positive bias.

Nifty Future closed on positive note after last few days of consolidation at 5,860 level. It finished off at 5,928.90 at highest point of the day with a long legged hammer kind of candle.

The Sensex has supports at 19,270 and 19,150 and resistances at 19,500 and 19,620. The Nifty spot has supports at 5,875 and 5,840 and resistances at 5,935 and 5,965.

Read More

NIFTY Updates for Today 18 Dec. 2012

The Nifty is broadly range bound between 5,840 and 5,930, it keeps consolidating between this range and we see stock specific action in the midcap or certain sector specific stocks. The Nifty is correcting slowly and buying is coming in at lower levels, hence until we are above 5,840 traders should have a positive bias, as I said on all declines the market is being bought into and on the weekly time frame the markets are looking very bullish.   

Nifty Future remained in a narrow trading band of 20-30 points and finally closed at 5,889.35 with a small black body candle. It is trying to find a base around 5,860 level and on the flip side it is facing tough resistance on the rise in the band of 5,930 level. 

The Sensex has supports at 19,190 and 19,080 and resistances at 19,350 and 19,480. The Nifty spot has supports at 5,838 and 5,800 and resistances at 5,885 and 5,925.

Read More

NIFTY OUTLOOK - Market Updates Today 17 Dec. 2012

Technically, Nifty future has moved back above 5,900 mark keeping traders clueless for the next session. Nifty Future entered back into 5,900 - 5,950 trading zone and a breakout only will set the near term trend. Above 5,950 level, Nifty future will test 6,000 mark whereas below 5,900 level it can slip back to 5,830 - 5,800 levels respectively.

For today's trade, Nifty is likely to trade in the range between 5,900 - 5,920 in the upper side and 5,860 -5,840 in the lower side. We expect 5,950/5,980 to act as intermediated resistance and 5,870/5,820 as support.

The Sensex has supports at 19,200 and 19,080 and resistances at 19,420 and 19,490. The Nifty spot has supports at 5,838 and 5,800 and resistances at 5,910 and 5,935.

Read More

NIFTY Updates for Today 14 Dec. 2012

The Nifty was having another day of consolidation until sometime close to the session end we traded 30 points lower in one swift move. So far we have managed to close above 5,840 levels; Nifty Future ended on a bearish note at 5,876.45 with a big bearish Marubozu candle. For today's trade, Nifty is likely to trade in the range between 5,870 - 5,895 in the upper side and 5,830 - 5,810 in the lower side.

The Sensex has supports at 19,090 and 18,970 and resistances at 19,310and 19,420. The Nifty spot has supports at 5,835 and 5,800 and resistances at 5,885 and 5,910.

Read More

NIFTY Updates for Today 12 Dec. 2012

The Nifty opened and traded to the highest point of the day in the first hour of trading. We still trade above 5,840 level until which we should have a positive bias, and hence I suggest holding long position to those who have created longs at lower levels as we are on course towards 6,000 and more. Nifty Future ended on a bearish note after 2-3 days consecutive indecisive closing, it closed at 5,928.40 with a big spinning top candle. We raised concern in our last report and the same thing happened.

For today's trade, Nifty is likely to trade in the range between 5,920 -5,945 in the upper side and 5,870 -5,850 in the lower side.

The Sensex has supports at 19,280 and 19,190 and resistances at 19,510 and 19,620. The Nifty spot has supports at 5,865 and 5,839 and resistances at 5,935 and 5,965.

Read More

Nifty Alert - Intraday Nifty Updates Today 10 Dec. 2012

The Nifty index moved up last week and moved to 5,944.90 points from a low of 5,629.75 in the previous week. It marked a high of 5,984.65 which is an all time high of the current year. Nifty is likely to face resistance at higher level. It is now taking resistance at 6,000 and 6,070. Once it manage to trade and sustain above the level of 6,000 a further upward movement would be seen and it may test the level of 6,140. On the downside, 5,860 would act as a strong support level for the markets. A breach of this level would increase pessimism and Nifty may face more selling pressure and it may test the level of 5,745.

The Sensex has supports at 19,350 and 19,190 and resistances at 19,530 and 19,650. The Nifty spot has supports at 5,888 and 5,840 and resistances at 5,950 and 5,975.

Read More

Intraday NIFTY Updates for Today 06 Dec. 2012

The Nifty continued its sideways price action, another day of consolidation. And as I have been suggesting all declines would be bought into hence they would be shallow declines. We are on course towards 5,950 and higher towards 6,150. 

Nifty Future closed at 5,940.45 with a doji candle. Candle pattern implies indecision, however trend suggests it is in a strong up-trend. It closed just around 5,940 level and we believe a sustainable movement above this level would trigger fresh longs that would take it towards 6,005 and 6,180 as discussed. We expect market to open on a positive note due overnight policy amendment, so hold long and trade with a positive bias is advisable. 

The Sensex has supports at 19,350 and 19,250 and resistances at 19,450 and 19,550. The Nifty spot has supports at 5,870 and 5,850 and resistances at 5,930 and 5,950.

Read More

Intraday NIFTY Updates Today 05 Dec. 2012

The Nifty continued its sideways price action, another day of consolidation. And as I have been suggesting all declines would be bought into hence they would be shallow declines. We are still on course towards 5,920 and higher towards 6,150. 

The Sensex has supports at 19,260 and 19,150 and resistances at 19,440 and 19,550. The Nifty spot has supports at 5,859 and 5,825 and resistances at 5,910 and 5,950.

Read More

Bullish & Bearish Stocks & Stock Tips 29 Nov 12

The Sensex ended at 18,831.98, up 294.97 points or 1.59 per cent and the Nifty closed at 5,725.80, up 89.90 points or 1.60 per cent. 

Bullish Intraday Stocks 29 Nov 12

SUBEX SUNPHARMA DCHL EKC GITANJALI AMBUJACEM AXISBANK EXIDEIND UNIONBANK YESBANK LUPIN PFC DRREDDY BHEL PUNJLLOYD CESC ICICIBANK VIJAYABANK BAJAJ AUTO JPASSOCIAT GSPL GODREJCP CENTURYTEX KOTAKBANK GUJRATGAS FINANTECH ASHOKLEY ACC

Bearish Intraday Stocks 29 Nov 12

WELCORP HINDCOPPER ROLTA BHARATFORG KFA TVSMOTOR IDBI KGL KSOILS MAX TATAPOWER MARUTI TATAMTRDVR TATACOFFEE GSFC JUBLFOOD AMARAJABAT BGRENERGY CHAMBLFERT OPTOCIRCUI INDIANB CAIRN HINDZINC NITINFIRE DIVISLAB GMDCLTD POWERGRID ESCORTS DISHTV JSWENERGY HOTELEELA PIPAVAVDOC MUTHOOTFIN ANANTRAJ M&M

Buy & Sell Calls/ Stock Tips 29 Nov 12

BUY Larsen -and- Toubro Ltd. Long Term Target 2000 Stop Loss 1617

BUY Geodesic Ltd. Long Term Target 70 Stop Loss 30

BUY Bartronics India Ltd. Long Term Target 45 Stop Loss 22

BUY Thinksoft Global Services Ltd. Med Term Target 150 Stop Loss 90

BUY Veer Energy -and- Infrastructure Ltd. Med Term Target 25 Stop Loss 13

Read More

NIFTY OUTLOOK - Market Updates Today 01 Nov 2012

The Nifty traded in a 30 point range before giving a weak breakout on the upside. We could see a range bound Nifty in the coming days which may not give us clear moves. On the lower side, 5,580 - 5,550 are good support areas and on the higher side, 5,650 - 5,680 are resistances.

Nifty Future touched its crucial hurdle of 5,650 in the last hour of the trade and closed just below that level at 5,646.10 with a small white body candle pattern. Traders are recommended to trade with a negative bias till the time it is trading below its previous range. We expect support at 5,580 and 5,530 levels and on the upside it is likely to remain capped near 5,725. Overall, we expect a new trading band for coming trading session. However, it is too early to predict.

The Sensex has supports at 18,450 and 18,370 and resistances at 18,580 and 18,660. The Nifty spot has supports at 5,580 and 5,545 and resistances at 5,650 and 5,680.

Read More

Nifty News Today 29 Oct. 2012

The Nifty has immediate support placed at 5,630 - 5,620 levels and a break below 5,630 is likely to make the correction a bit deeper to levels of 5,550 - 5,540. In the last trading session of the week Nifty managed to take resistance of its 9 and 26 period moving averages, trading above its moving averages and resistance level of 5,760 may take Nifty till 5,800 marks.
           The Nifty has immediate support placed at 5,630 - 5,620 levels and a break below 5,630 is likely to make the correction a bit deeper to levels of 5,550 - 5,540. In the last trading session of the week Nifty managed to take resistance of its 9 and 26 period moving averages, trading above its moving averages and resistance level of 5,760 may take Nifty till 5,800 marks.

Read More

Nifty Future Trading Tips for Today

Today,on thursday BSE Sensex slipped over 100 points in early trade led by losses in L&T,RIL and HDFC. The Nifty is trading at Rs 5,566, down 0.60 percent. It touched an intraday high of 5,567.95 and a low of 5,534.90 and Sensex touched intraday high of 18,406.14 and a low of 18,291.93.

Nifty Tips For Today
Resistance 5610-5650
Support  5500-5460

Nifty Future Trading Tips
Buy at above: 5587 Targets: 5603 - 5622 Stoploss : 5568

Intraday Trading Tips For Today

BUY Bajaj Hindustan Ltd target Rs 35 stoploss Rs 30

SELL Delta Corp Ltd Target Rs 63, stoploss Rs 75

BUY Shree Renuka Sugars Ltd, Target Rs 39, stoploss Rs 33.90

BUY State Trading Corporation Of India Ltd. Intraday Target 269 Stop Loss 258

BUY Finolex Cables Ltd. Intraday Target 43 StopLoss 35

SELL Ranbaxy Laboratories Ltd. Intraday Target 517.8 StopLoss 534.9

 for more log on to : online trader

Read More