Nifty Trend-27/05/2013

Markets continued its losing streak but were able to recover in the second half of session and settled on a flat note below their strong support levels. Nifty future is finding its major support at 5930 on daily charts surpassing which further bearishness may drag it towards the next important support of 5860. While resistance [...]

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Nifty Trend-21/05/2013

Markets moved in a consolidated fashion and after hitting fresh highs it dragged in second half and closed marginally in red. Nifty future was unable to test its crucial resistance of 6250 and so still resistance range is seen around 6250-6300. While, if it breaches 6130 level and continues to trade in below the strong [...]

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Nifty Trend-20/05/2013

Benchmark Indices hold near to their crucial levels last week and is continuing the bull rally and settled on a strong note. Nifty future resisted at 6210 in the previous session while 6150 acted as strong support. On daily charts, higher highs are seen since last four sessions and if it holds above 6210 then [...]

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Nifty Trend-17/05/2013

Markets ended on a flat note with amid volatility closing around their resistance levels due to profit booking at higher levels. Nifty future is facing resistance mainly in the zone of 6180-6210 where profit booking is seen. Surpassing this range next resistance is seen around 6250. If it holds below the near support of 6140 [...]

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Nifty Trend-16/05/2013

Market rallied to their highest point and it maintained its positive momentum from the beginning of the session and closed above its strong resistance marks. Nifty future gave breakout of its strong level of 6120 and settled above it around 6160. Now, it seems to test its next psychological level of 6210 surpassing which 6250 [...]

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