Nifty Intraday Outlook For Tomorrow 27-Sept

It was weak opening in Indian stock market today. Significant recovery was seen after choppy morning session. Nifty dragged down below the psychological level of 4800 to make a low at 4758.85 in the first half of the session after which bulls got activated and pulled it up to close the day at 4835.40 or down 0.7%. High volatility was seen for the session.

On Nifty daily charts, we are observing that the momentum oscillators RSI and Stochastic are southbound. For intraday trading tomorrow, Nifty could find supports at 4800-4755-4720. While on the upside 4875 may act as the immediate resistance for Nifty and any gains above these levels are likely to face stiff resistance at 4900-4950. Traders are advised to trade with strict stop-loss and in small quantities.

Continue reading →

Market Sentiments and Trading Strategy For Monday 26-Sept

Any dips from here would be utilized as buying opportunity in coming trading sessions. We expect that the previous low of 4,750 in the Nifty would act as a major support level. Whereas, 15,750 would be crucial support level for the Sensex. Even in worst of the circumstances we expect Sensex to hold 15,000 level and 4,400 in case of Nifty. Any investor with investment horizon of more than one year can enter the markets at the current levels. Markets can give around 50% returns by the end of the calendar year 2012. Banking, Infrastructure, Telecom and Power sector would be our top picks.

Going forward the market may get crucial support at 4800, if fails to move back to 4,930 levels, then once again it can test the panic bottom at 4,720 and 4,665. The only hope left during these days is the expiry of September futures and options market, which is slated to be on 29th of this month.

Continue reading →

Stock Market Outlook For Tomorrow 08-Sept

It was another good day for Indian Stock Markets. Nifty showed good strength for the third consecutive day and closed above 5,100 levels with sound gains. Global events from USA may play vital role in sentiment preparation for coming trading sessions. On upside Nifty may face some resistance in 5,200-5,250 zone and on downside Nifty also has important support in 5,000-4,950 zone.

For Intraday trading tomorrow, trend deciding level is at 5,125-5,135, if Nifty shows strength above these levels, then rally to 5,170-5,200-5,240 may be seen. On the downside if Nifty fails to show strength above 5,125 levels then selling pressure till 5,080-5,040/5,000 may also be seen.

Any query related to stocks and your holding positions Ask to Expert Here

Continue reading →

Nifty Intraday Outlook For Tomorrow 26 Aug

It was second consecutive sluggish day for Indian Stock Markets. Both benchmark indices traded choppy and closed in red on F&O expiry. For Nifty index bears are having control at the moment and selling pressure may increase below 4800 levels else some recovery may be seen above 4875 level. Nifty may trade in 4700-5100 range for some days.

Tomorrow is the first day for September F&O series and for intraday trading tomorrow, we may see some buying interest but can also expect a sideways movement ahead of the Federal Reserve meeting. For Nifty tomorrow trend deciding level is 4,850. If Nifty shows strength above this levels, then rally to 4,900 - 4,950 - 4,980 may be seen. If Nifty does not show strength above 4,850 levels then selling pressure till 4,800 - 4,760 - 4,725 may also be seen.

Continue reading →

Nifty Intraday Outlook For Tomorrow 23-Aug

It was good start for Indian Stock Market. Market witnessed a positive momentum and closed in green with smart gain. However market sentiments still remains bearish and could go for either side. Domestic issues of high inflation, lack of corporate governance and loss in confidence for Govt. due to Anna Hazare`s campaign continues to affect the stock market.

For intraday tomorrow Nifty could find immediate support at  4846 and below this could drag it till 4800. Resistance level for Nifty Tomorrow may be seen at 4941-4975 and if Nifty trades above on closing note then 5050 may act as strong resistance for Nifty

Continue reading →

Markets Outlook For Tomorrow 28-July

Indian Stock Market traded choppy today and remained rangebound. Both Indices Nifty and Sensex closed on a sluggish note for the second consecutive session. Nifty slipped below the support levels of 5550 and closed at 5546.80 levels losing 28 points or 0.5%  ahead of July series F&O expiry.

On daily charts, Nifty breached its crucial support zone of 5550- 5530 after the formation of bearish ENGULFING PATTERN in the last session. Today Nifty made a low of 5521 which is near to its 50-day SMA.

For intraday trading tomorrow, 5520 - 5490 - 5470 levels may act as the immediate support on the downside whereas 5570 - 5600 will act as immediate resistance for Nifty. Major resistance for Nifty is still at 5635 - 5650. Volatility is expected due to July F&O expiry tomorrow.

Continue reading →

Nifty Trend & Intraday Tips For Tomorrow 22-July

Indian markets witnessed selling pressure for the second consecutive day. Nifty has given a break down at 5550 level in intraday and closed below it which suggests market trend is bearish for coming trading sessions.

Selling pressure may continue if Bulls unable to protect 5,550 level, decisively the selling pressure may be continuing. For intraday tomorrow, Trend deciding level is at 5,550. If Nifty shows strength above this level, then rally to 5,580/5,620/5,650 levels may be seen. On the downside if Nifty does not show strength above 5,550 levels then selling pressure till 5,500/5,450/5,400 may also be seen.

Continue reading →

Nifty Intraday Trend For Tomorrow 19-July

For the fifth consecutive day Nifty has been unable to close above 5,600 level. On the charts, Nifty is consolidating in a range of 5,540-5,600 since last four trading sessions and is also exhibiting lower highs.

For next trading session if Nifty decisively trades below 5540 level then we can see more selling pressure and 5500-5467 levels may act as support for the day. On the upside if Nifty manages to trade above 5580 then rally to 5610-5642 can be seen and these levels may act as resistance for the day whereas 5675 is a major resistance for Nifty.

Continue reading →

Nifty Trend For Tomorrow 13-July

Nifty made gap down opening of 60 points at 5556 levels and selling pressure was seen for the whole session. It slipped towards the important support levels of 5500 in the afternoon trade especially after a sharp fall in European markets, reacting on rising concerns of Italy debt crisis. Lower than expected Infosys' Q1 earnings and disappointing IIP data too spoiled the market sentiments. Finally, it made a close at 5526.15 losing 89.95 points or 1.6%.

On daily charts, we can see that Nifty is moving downwards breaking the support zone of 5605. The momentum oscillator MACD has given a negative crossover and RSI is southbound indicating further bearishness. For the coming session, Resistance for Nifty is seen at 5570-5605 levels whereas support for the day is seen at 5490-5450.

Continue reading →

Markets Outlook For Tomorrow 06-July

It was sluggish trading session in Indian Stock Markets. Both indices traded choppy and closed in red with moderate loss.

On daily charts, we can see that Nifty is again consolidating in a range and may face resistance at the down sloping trend line. For Nifty Intraday trading immediate resistance is seen at 5675-5725 levels whereas the major resistance is seen around 5750 level. As, Nifty is consolidating in the band of 5605-5705 so if it breaks 5605 decisively than some selling pressure may be seen and in that case the support level may be seen at 5560-5528.

Continue reading →

Nifty Outlook For Tomorrow 05-July

It was positive start from Indian Stock Market, in which both indices (Nifty and Sensex) faced some volatility and closed in green with moderate gain.  For the coming days, Nifty is likely to continue to face resistance in the range of 5,690-5,735 whereas the 200 days SMA lies around 5,750 which is also likely to act as crucial resistance in the coming days.

Nifty Intraday Tips For Tomorrow (05-July) :
Trade long in Nifty above 5665 for target of Rs 5684-5602-5620 with placing a stoploss of Rs 5640.

Continue reading →

Nifty Trend For Tomorrow 30-June

It was another cheerful day for Indian Stock Markets. Both indices Nifty & Sensex witnessed good gain. Volatile movement may be seen as Nifty June future expiry is due on Thursday.

Nifty Intraday levels For 30-June:
On upside, Nifty could find resistance at 5,650-5,695 levels and on downside support level may be at 5,560-5,500.

Nifty Trading strategy for 30-June:
For intraday trading tomorrow, trend deciding level is at 5,600. If Nifty trades above 5,600 levels, then rally to 5,650/5,700/5,750 levels may be seen. On the other side if Nifty does not manage to sustain above 5,600 levels then selling pressure till 5,550/5,500 may also be seen.

Continue reading →

Nifty Trend For Tomorrow 29-June

Indian Stock Market is expected to be consolidated in coming trading session as June derivatives expiry is scheduled on June 30 and we expect this consolidation to continue in the range 5,500-5,600 till expiry.

For coming trading session, sentiments of indecision is prevailed in the market. Nifty looks weak below the levels 5,550. On the up-side, Nifty can face resistance at 5,585-5608 levelswhile support for the day can be seen at 5,512/5,480.

Continue reading →

Nifty Trend and Intraday Tips For Tomorrow 28-June

It was a very good start for Indian Stock Markets. The markets ended with strong gains today with almost all sectors and banking, auto and oil & gas being the top performing areas.

Market has traded above its resistance levels and confirming that it is now come in uptrend. For trading tomorrow if indices trade above 18,450 / 5,540 levels then they are likely to touch 18,588 - 18,700 /5,575 - 5,600 level. On the downside indices have support at 18,380 - 18,250 / 5,480 - 5,440 levels may act support for the day.

Nifty Intraday Tips For Tomorrow 28-June:
Trade long in Nifty above 5540 for target of Rs 5462-5475-8489 with placing a strict stoploss of Rs 5495.

Continue reading →

NIFTY OUTLOOK FOR NEXT WEEK 13-17 JUNE

Nifty will face Stiff Resistance in the range of 5550/5620 levels and a close above this level will only provide strength to it whereas on the downside immediate Support is seen at 5390/5330 levels and a decisive maintenance below these levels may continue the downfall for the index. For the coming week, selling pressure may continue to prevail at higher levels. High volatility can be witnessed as RBI monetary policy is scheduled next week.

Continue reading →

Market Performance For The Week (06-10 June)

Benchmarks indices pared some of the intraday losses and closed near support levels today as lower-than-expected April IIP data hurt sentiments. All the major sectoral indices closed lower with capital goods, FMCG and realty space under pressure. Owing to weak global cues, the markets didn't make any clear headway during the week and remained rangebound.

Both benchmark indices and most of the sectoral indices closed in the red and the details are following: 

• The Nifty and Sensex lost 0.6%, 
• The CNX Midcap index was down 0.01%,
• The BSE Auto lost 2%, 
• BSE Realty gained 0.81% and 
• BSE Metal lost 1.26% during the week.

Continue reading →

Nifty Intraday Tips and Trend For Tomorrow 10-June

The market has completely been direction less for the past few sessions and waiting for some trigger to get direction on either side - i.e. 5400 on the downside while 5600 on the upside. For the coming trading session, IIP data could be a major trigger for the market direction.

In the Daily chart, Nifty has formed an indecisive Candlestick with higher upper and lower shadow.  For intraday tomorrow 5500 level may act as a strong support for Nifty. Resistance for Nifty is seen at 5,550/5,570 and Support for the day is seen at 5,500/5,480.

Continue reading →

Stock Market Forecast For Tomorrow 01-Jun

It was a cheerful day Indian Stock Markets. Markets closed with handsome gains today and Nifty broke its psychological level of 5500. Market has crossed its major resistance levels and has come in uptrend. If market continue its uptrend above 5550 level then Nifty may head to 5750 levels in coming trading sessions. Traders may create long positions in Nifty and hold them till the trend remains up.

For intraday trading tomorrow (01-Jun) if Nifty shows strength above 5,550 levels, then rally to 5,600/5,640/5,675 levels may be seen. On the down side if Nifty does not show strength above 5,550 levels then selling pressure till 5,500/5,470/5,430 may also be seen.

Continue reading →

Nifty Intraday Outlook For Tomorrow 31-May

Today markets traded rang-bound with very low volume, and closed almost flat with small loss of Rs 3 in Nifty and Rs 34 in Sensex.  Market is trading at major resistance level of 5525 which if broken will give fresh direction for the market. But till the overall trend remains down, the traders are suggested to stay away from the market and do not create any long positions.

For intraday trading tomorrow, the trend deciding level is at 5,500. If Nifty shows strength above 5,500 levels, then rally to 5,550/5,580/5,625 levels may be seen. On the down side if Nifty does not show strength above 5,500 levels then selling pressure till 5,440/5,400/5,350 may also be seen.

Continue reading →

Markets Outlook For Monday 30-May

Overall, the market will stay sideways in the near-term. The Nifty is likely to find support in the 5,300-5,400 levels and resistance in the 5,500-5,600 range for next week trading sessions.

Due to positive rally today we can see 5,550-5600 as strong resistance levels for the market next week. If Nifty breaks 5,500 with high volume than only we can see up-move towards 5,600. However we feel for the coming week market to trade in the range of 5,400 and 5,600.

For intraday trading on Monday (30-May) trend deciding level is at 18325 / 5490. If indices trade convincingly above this levels then they are likely to test 18,500 - 18,650 / 5,550 - 5,600 levels. However, on the downside if 18,175 / 5,440 level is breached then indices may test 18,050 / 5,400 levels.

Continue reading →