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Nifty Trend-06/05/2013

Markets moved on a choppy note for the whole session on account of disheartened RBI monetary Policy and profit booking was seen on higher levels. Nifty future was unable to sustain near 6000 and reversed towards 5940. If it trades in the support zone of 5920-5860 then the index may see a downfall towards 5800 [...]

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Nifty Trend-03/05/2013

Benchmark Indices ended on a buoyant note on hopes of rate cut by RBI and closed above their crucial mark. Nifty future traded towards higher levels for the whole session and bulls drifted nifty towards its psychological mark of 6000. Volatility is expected due to monetary policy and immediate resistance seen is 6040 above which [...]

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Nifty Trend-02/05/2013

Markets sentiments were negative for most part of the session due to domestic cues but settled on a satisfactory note. Nifty future found support around 5870 and settled above 5900. It will trade towards higher levels till it maintains above 5860 but higher highs since last few sessions on daily charts are indicating certain correction [...]

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Nifty Trend-30/04/2013

Markets consolidated for most part of the session and closed in green and strength was seen due to declaration of results of various stocks. Nifty future is moving in the range of 5860-5930 since last three consecutive sessions and 5950 is still seen as major resistance for it. Closing above this crucial mark may lead [...]

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Nifty Trend-29/04/2013

Markets ended lower on last session of the week due to weaker global cues and profit booking on higher levels. Nifty future started the May series on a flat note and moved mainly in the range of 5920-5880 for the whole session. If it sustains below the resistance level of 5930-5950 then some correction is [...]

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Nifty Trend-26/04/2013

Markets continued its positive momentum and closed with significant gains above their crucial levels on F&O Expiry day. Nifty future maintained on higher levels for the whole session where 5850 acted as strong support and closing above 5900 is still indicating strength and resistance range is seen around 5950-5990. Any correction may find support near [...]

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Nifty Trend-25/04/2013

Markets after showing choppy movements for the whole session ended flat but maintained its positive bias. Nifty future found its intraday support around 5800 and reversed towards the immediate resistance of 5850. F&O Expiry will affect the volatility where 5870-5900 will act as strict resistance and closing around these levels will strengthen the bulls further. [...]

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Nifty Trend-23/04/2013

Equity benchmarks continued to rally higher crossing all their resistance levels and closed on a strong note. Nifty future on daily charts maintained above its 100 day EMA for the whole session and will now face stiff resistance around 5870 which is coming near to trend line from recent highs. Closing above 5870 will ignite [...]

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Nifty Trend-22/04/2013

Markets continued its bullish momentum with good volumes and closed on a strong note near to their crucial resistance levels. Nifty future closed above its 100 day EMA of 5775. On daily charts, if bulls remain active then it will face strict resistance of 5870 around the trend line coming from previous highs. However, if [...]

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Nifty Trend-18/04/2013

Markets after opening on a subdued note resisted around their crucial levels and dropped towards their support with weak European opening. Nifty future took strict resistance of 5740 and dragged towards support of 5660. As it is not able to sustain on higher side, it may further weaken if it sustains below 5620 for the [...]

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