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

Today's (29th sept.):Future and Option tip

Today Indian market is positive index BSE upwards 18839.43(259.93) and Nifty upwards 5726.35(78.85), today is new session start month of October and this month nifty will cross 5800-5850, so that is new session and investor should be invest all of leading stock that is good time to book profit.

Nifty support 5660, 5680 nifty resistance 5750, 5780

Today top leading stock 

Tata Power, Tata Motors, JP Associates, Jindal Steel, Hindalco, Tata Steel, Sesa Goa, Bharti Airtel, Cairn India, Wipro, M & M, Axis Bank, Maruti Suzuki gained 3 to 1.5 per cent.

SELL MC DOWELL N FUTURE BELOW 1265 TARGETS 1240, 1238 STOPLOSS 1250

 BUY NIFTY FUTURE ABOVE 5695 TARGETS 5710, 5725, 5745 STOPLOSS 5665

BUY BHARTI AIRTEL STOCK OPTION TARGET 14.50, 15.0, 16.0 SL 12.0

BUY TATA POWER IN STOCK OPTION TARGET 7.50, 8.50, 9.50 SL 5.50

BUY DENA BANK IN STOCK OPTION TARGET 7.0, 7.70, 8.50 SL 5.50

BUY AURBINDO PHARMA IN STOCK OPTION TARGET 9.70, 10.70, 11.50 SL 7.70

Read More