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.

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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.

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NIFTY Updates for Today 13 Dec. 2012

The Nifty had another day of consolidation and we still are trading 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. 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 19,480 and 19,610. The Nifty spot has supports at 5,865 and 5,830 and resistances at 5,925 and 5,965.

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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.

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NIFTY Intraday Updates for Today 04 Dec. 2012

As suspected the Nifty had a sideways day, a day of consolidation. And as I have suggested 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. Trend deciding level is 5,880. If Nifty shows strength above 5,880 levels, then rally to 5,920/5,950/6,000 may be seen. If Nifty does not show strength above 5,880 levels then selling pressure till 5,840/5,800/5,750 may be seen.

The Sensex has supports at 19,250 and 19,180 and resistances at 19,410 and 19,500. The Nifty spot has supports at 5,854 and 5,820 and resistances at 5,900 and 5,950.

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Stock Tips & Nifty Tips For 9th Oct

The Sensex fell by over 229 points to close at 18,708.98 and Nifty closed at Rs 5676, fall down by 70.95 points from its previous closing.

Nifty Tips For 9th Oct 2012
Support1 = 5669 Support2 = 5641 Support3 = 5588
Resistance1 = 5750  Resistance2 = 5803  Resistance3 = 5831

BankNifty Support and TheRresistance Levels
Pivot Level = 11468
Support1 = 11351 Support2 = 11284 Support3 = 11168
Resistance1 = 11534  Resistance2 = 11650  Resistance3 = 11717

Stock Tips For Today 9 Oct 12

BUY Bharti Airtel Ltd. Med Term Target 350 Stop Loss 260

SELL Reliance Capital Ltd. Short Term Target 420 Stop Loss 455

BUY Reliance Power Ltd. Intraday Target 105 Stop Loss 100

BUY Orchid Chemicals -and- Pharmaceuticals Ltd. Med Term Target 135 Stop Loss 110

BUY Raj Oil Mills Ltd. Med Term Target 10 Stop Loss 6

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