Views On Market For Monday (23-Aug)

2 comments
Looking at the nifty charts and daily reports a technical breakout above 5,550 will push Nifty future towards 5,580 - 85 level while a breach below 5,500 level will drag Nifty Future further down to 5,460 & 5,400 level. Market is trading at 52 weeks high; close to major resistance zone suggest cautiousness in near term. On an intraday basis, Nifty should find support near 5,496 & 5,480 level while the resistance will be at 5,562 & 5,579 level. BSE Sensex should find the crucial support at 18276-18210 and resistance at 18510-18633.

The expiry of derivative contracts is due next week which could induce volatility in the market. but we expect the trend to remain positive and rise over the coming weeks.

2 Responses so far

  1. babu says:

    Nifty is being manipulated.. Statistics are not helping.

  2. DAKSHIT says:

    SGX Nifty is heavily manipulated by FII operators and they have almost HACKED the indian markets.JAGO SEBI JAGO. OPEN THIS LINK. http://indianmarketrhythm.blogspot.com/2010/08/sgx-nifty-is-manipulated.html

Get Daily Tips Directly on Email

Followers

Blogger news

What We Provide

We give Intraday Stock Tips, Markets Outlook, Nifty Tips Tomorrow, Futures Options Tips, Bank Nifty Tips, MCX Commodity Tips..

Free Trial Tips On Mobile By SMS

Subscribe us to get FREE TRIAL in stocks & commodity tips on your mobile by sms. We offer 2 days Free Trial for stock tips and commodity tips....... 2 Days Free Trial

Classified Ad Listing

FREE MCX and NCDEX DAILY TIPS ON MOBILE BY SMS
Get Daily MCX and NCDEX tips with more than 90% accuracy on your MOBILE phone by SMS. We provide sure shot MCX and NCDEX Commodity tips with atleast 3-5% return on an intraday trading basis.
Free Trial

Disclaimer

This blog is not intended as professional advice. The author disclaims any liability, loss, or risk taken by individuals who directly or indirectly act on the information contained herein. All readers must accept full responsibility for their use of this material.

Stock Market Trading Tips