Daily Nifty View

Intraday View For 17/02/12

2012-02-17T07:57:00.004+05:30

Nifty: Resistance 5577/5617/5639/5666
Support 5555/5525/5495/5445

Nifty opened weak with Global markets & remained in a 15-20 pts zone for maximum time of the day, with some strong recovery seen in late session. Today, Nifty may open gap up with 40-50 pts, inline with Asian market. Immediate resistance zone @ 5577, if sustains, Nifty may head towards 5617-5639 [intermediate psychological resistance @ 5600]. Support now @ 5555. If breaks below it, Nifty may witness some profit booking, with immediate support @ 5525-5495. Below 5495, Nifty may see some more selling session.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
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Intraday View For 15/02/12

2012-02-15T08:22:00.003+05:30

Nifty: Resistance 5477/5495/5525/5555
Support 5444/5421/5385/5355/5315

Nifty opened lower in red, but gained during the day with the course of time & closed above 5400 mark. Movement was also boosted by latest inflation data, which slipped to 26 months low. Today, nifty may open gap up with 30-35 pts. Nifty above 5450, may try to go towards 5500 mark. Immediate resistance @ 5477 - 5495. Above 5525, resistance @ 5555, breaching of this may lead rally towards 5650-5700 zone. On lower side, intraday support @ 5421, below it, we may see some profit booking towards 5385-5355. Overall health seems good.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
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Intraday View For 13/02/12

2012-02-13T08:04:00.003+05:30

Nifty: Resistance 5415/5444/5477/5495
Support 5385/5350/5330/5310

Nifty edged lower after IIP data showed decline in production growth in December 2011. Alot of volatility was seen during the day. Nifty after opening gap up, failed to hold the higher levels & fresh low was hit, though short covering was seen @ end of session. Today, Nifty may open flat in line with Asian market. Immediate resistance @ 5415, if sustained, nifty may see some more upmove towards resistance zone of 5444. On lower side, Nifty has support @ 5385, if breaks, can expect fall towards 5350-5330 zone. Till holding, dips are ok for bouncebacks. If Nifty breaks below it, expect some selling pressure to build in & take nifty towards 5250-5210 zone.
Till this either side, levels are holding, expect a volatile session in this range only.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
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Intraday View For 09-02-12

2012-02-08T08:31:00.004+05:30

Nifty: Resistance 5385/5415/5444/5477
Support 5353/5333/5315/5275

Nifty witnessed a volatile session with Nifty slipping into red in late session & hitting fresh intra lows. Selling pressure from 5400 zone was again visible clearly. Nifty may open lower today with 25-30 pts loss, in line with Asian makret after Greek leaders fell short of a full agreement on a rescue plan. Immediate resistance pegged @ 5385-5415. If close above this zone, fresh upmove can be seen, else highs will be shorted by traders. On lower side, 5315-5333 is a strong support zone, till holding, dips are ok for bouncebacks. If Nifty breaks below it, expect some selling pressure to build in & take nifty towards 5250-5210 zone.
Till this either side, levels are holding, expect a volatile session in this range only.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
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Nifty View For 02-02-12

2012-02-02T09:13:00.002+05:30

Intraday View For 31/01/12

2012-01-31T08:17:00.003+05:30

Nifty: Resistance 5151/5191/5210/5248
Support 5115/5075/5050/5005

Nifty witnessed intraday correction after touching mentioned resistance zone. Nifty also closed below its 200 EMA @ 5131. Now strong support is pegged @ 5050. Closing below it, this upmove trend changes & a short term corrective phase may be seen. Today, Nifty may open gap up with 25-30 pts, in line with Asian market. Immediate resistance @ 5151. If sustained, Nifty may see some quick upmove towards 5191. On lower side, intraday support @ 5115, below which some selling pressure may be seen for 5070 & lower levels.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
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Intraday View For 30/01/12

2012-01-25T08:26:00.005+05:30

Nifty: Resistance 5198/5210/5222/5257/5275
Support 5151/5115/5105/5075

Nifty continued its up move & went pass 5200 mark. Though some selling pressure was seen in mid session. Nifty today may open gap down with 30-40 pts, in line with Asian markets. Immediate strong support @ 5151. If Nifty breaks below this zone, Nifty may head towards 5115-5075 zone. On upside, resistance pegged @ 5198-5210 zone. Sustaining above this zone, Nifty may head towards 5257. Overall, expect selling pressure at higher zone, avoid buying at resistance zone.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
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Intraday View For 24-01-12

2012-01-24T08:33:00.003+05:30

Nifty: Resistance 5050/5084/5100-5110/5131
Support 5005-4994/4963/4931

Nifty opened & remained flattish through out the day in just 5040-5050 zone for maximum trading time, with low volumes, with no major moves seen on either side ahead of RBI meet today. Nifty may open flattish with 10-15 pts gap up & may remain range-bound till RBI meet. Nifty has immediate resistance @ 5050. On sustaining this level, Nifty may see some +ve sentiments rolling back in. On lower side, Nifty may remain comfortable with initial dip, till it is able to hold on 5005-4994 zone. Below this zone, Nifty may see some more selling pressure towards 4963 & lower zone. On upside, nifty may feel some selling pressure around 5050. If held, nifty may head towards 5100-5110 zone.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
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Intraday View For 23-01-12

2012-01-23T07:58:00.002+05:30

Nifty: Resistance 5050/5084/5100-5110/5131
Support 5005-4994/4963/4931

Nifty remained +ve for the day, after initial dip in opening hour. Today, Nifty may open gap down with 20-25 pts. RIL below expectation result may give some selling pressure in initial trading hour. Nifty has immediate resistance @ 5050. On sustaining this level, Nifty may see some +ve sentiments rolling back in. On lower side, Nifty may remain comfortable with initial dip, till it is able to hold on 5005-4994 zone. Below this zone, Nifty may see some more selling pressure towards 4963 & lower zone. On upside, nifty may feel some selling pressure around 5050. If held, nifty may head towards 5100-5110 zone.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
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Intraday View For 19/01/12

2012-01-18T08:27:00.006+05:30

Nifty: Resistance 4999-5005/5050/5084
Support 4963/4949/4913/4905

Nifty traded in a range of 4940-4980 for maximum time of the day, with finally closing flat with -ve note. RIL surged over 4% on buyback news. Today, Nifty may open gap up inline with Asian market. Expect immediate resistance @ 4999-5005 zone. Expect fresh upmove to trigger above 5005 [closing basis]. If nifty is not able to hold on this level, then it may witness selling pressure. Immediate strong supp @ 4949-4931. Below this level, Nifty may see 4905, & further below zone of 4888. Below 4888, game changes for Bulls.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
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Intraday View For 17-01-12

2012-01-17T08:34:00.003+05:30

Nifty: Resistance 4905-4913/4949/4963/4999
Support 4888/4848/4831/4805/4777

Nifty after opening on -ve note, managed to close in +ve/flat zone with buying witnessed at lower zone. Today, Nifty may open gap up with 25-30 pts, in line with Asian market. Nifty now has stiff resistance zone @ 4905-4913. If sustains above this zone, nifty may see some more fresh buying setting in towards 5000 zone. On lower side, 4831 acted perfect support yesterday, & today too its support for any intraday dip. Below this zone, Nifty tends to get weaker for 4805-4777 levels.
Cautious is advised in all longs @ 4880-4913 zone, till Nifty doesn't clear this zone, traders are advised to trade with strict SL.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
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Intraday View For 16-01-12

2012-01-16T08:30:00.003+05:30

Nifty: Resistance 4848/4888/4913/4939
Support 4831/4805/4777/4747/4700

Nifty opened & traded with gains, but soon volatile session followed with Nifty trading in both -ve & +ve zone. Nifty witnessed buying in noon session & nifty went on towards 4900, though profit booking again set in last half hour to end market with nominal gains.
Today, Nifty may open with 20-25 pts loss in line with Asian market. Immediate support @ 4831 zone. If nifty sustains below this zone, it may see some selling pressure towards 4805-4777 zone. On up side, 4888 is still a stiff resistance. Until Nifty closes above this zone, Nifty is still not in comfortable buy zone. Overall, Nifty seems to be in range of 4800-4888 & till either side breaks, trend may remain rangebound.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
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Intraday View For 12-01-12

2012-01-12T08:22:00.003+05:30

Nifty: Resistance 4888/4913/4939/4968
Support 4848-4831/4805/4777/4747

Nifty remained cautious & traded with high volatility. Nifty kept hovering between +ve & -ve zone for the day in a tight range of 30 pts. Today, Nifty may open flat & may react accordingly to INFY results & IIP data, which are due to be announced today. Intraday, Nifty if remained below 4848, gets weaker for some dip. On up side, it needs to sustains above 4888, above this zone, Nifty may touch 4939-4950+ zone.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
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Intraday View For 11/01/12

2012-01-10T08:26:00.004+05:30

Nifty: Resistance 4888/4913/4939/4968
Support 4848-4831/4805/4777/4747

Nifty opened gap up with Global market & gained momentum through out the day, with crossing resistance zone of 4820. Though nifty lacked volume @ higher zone. Today, nifty may again open on flat/+ve note. Immediate resistance @ 4888. Nifty may witness some booking from resistance zone, so we would advise traders to avoid buying at higher zone & wait for 4888 to cross & sustain to initiate fresh long trades. Below 4848-4834, if sustained, some profit booking may set in. Stock specific trades in R-pack & IT stocks may be seen.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
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Intraday View For 09/01/12

2012-01-09T08:23:00.002+05:30

Nifty: Resistance 4747/4777/4805/4834/4849
Support 4720/4696/4666/4621/4595

Nifty on Friday, rebounded from lows with sharp upmove & went pass 4800 mark, but this didnt lasted as Nifty lost the gains & returned to negative zone. Today, nifty may open flat/-ve in line with Asian market. Immediate resistance @ 4747, if sustained this level, Nifty may head towards 4777-4805+ zone. On lower side, Nifty may see some profit booking below 4720. Below 4696, Nifty turns more weak for more selling pressure in coming session for lower levels. Over all, we may see a rangebound session today, break of either side of 4696 & 4777 may invite further movement.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
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Intraday View For 05/01/12

2012-01-05T08:24:00.003+05:30

Nifty: Resistance 4777/4805/4834/4849
Support 4747/4720/4696/4666

Nifty opened flat & traded in negative zone for maximum time of the with some jump towards 4800 level visible in noon session. For the maximum time, Nifty remained in consolidation phase & stuck in 4777-4747 zone. Today, Nifty may again open on flat note, with no much indication from Global markets. Again, nifty has immediate resistance @ 4777 zone. If sustains above this zone, Nifty may continue to show its upmove towards 4805-4834 zone. On lower side, intraday support pegged @ 4747, below it, Nifty may test 4720-4696 zone.
Overall, we may remain in rangebound moves in 4747-4805 zone & expect further major move on break/sustain of either side zone.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
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Intraday View For 04-01-12

2012-01-04T08:15:00.004+05:30

Nifty: Resistance 4777/4805/4834/4849
Support 4747/4720/4696/4666

Nifty opened +ve & continued its up move throughout day with closing @ day high levels. Nifty may open +ve with 10-15 pts gains. We can see some profit booking from resistance levels after yesterday's steep run. Nifty has immediate resistance @ 4777 zone. If sustains above this zone, Nifty may continue to show its upmove towards 4805-4834 zone. On lower side, intraday support pegged @ 4747, below it, Nifty may test 4720-4696 zone. Traders are advised to remain little cautious @ higher zone till it comfortably clears 4834 level.
All major levels have been marked with red color.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
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Intraday View For 03-01-12

2012-01-02T09:11:00.003+05:30

Nifty: Resistance 4666/4696/4721/4748/4777
Support 4646/4613/4585/4555/4520

Nifty started 2012 with positive note, though a dip came in noon, but Nifty recovered & closed in green by closing. Today, Nifty may open on +ve note with 30-35 pts gains. Immediate stiff resistance @ 4696...if sustains above this, Nifty may head towards next resistance zone of 4721. Sustaining above this zone, nifty may show more +ve movement towards 4750-4777 zone. On daily charts, Nifty already showing a positive divergence [ & with everyone being too bearish, I expect a opposite move ]. Intraday support @4613. Positionally, on lower side, 4585 & 4520 are giving good support to Nifty, till they hold on, expect bounceback to continue towards some higher levels of 4800-4900.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
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Intraday View For 29-12-11

2011-12-29T08:13:00.003+05:30

Nifty: Resistance 4735/4747/4777
Support 4696/4666/4636

Nifty opened - ve inline with our expectations & traded with negative bias for whole trading session. Today, Nifty expected to open lower & if Nifty trades below 4696-4685, then more weakness can be seen. Fresh longs are advised only above 4800-4820 zone, else we will keep witnessing selling pressure from higher zone. Today being expiry, we can see alot of volatility & stock specific moves.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
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Intraday View For 28/12/11

2011-12-28T08:13:00.003+05:30

Nifty: Resistance 4777/4805/4834/4848/4888
Support 4747/4735/4696/4666/4636

Nifty opened & traded firm in initial trading hour but slipped into red in late hour, with alot of volatility being witnessed. Nifty cracked from mentioned resistance zone of 4805. Today, Nifty may open -ve with 25-30 pts loss in line with Asian market. View remains, same as yesterday. Immediate resistance again pegged @ 4777, Nifty needs to sustain this zone. Above this zone, 4805 would be next level to watch out for further move. On lower side, sustaining below 4747 nifty gets weaker. 4696 is crucial support on lower side, breach of this, may change the recent short covering trend.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
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Intraday View For 26/12/11

2011-12-26T08:14:00.003+05:30

Nifty: Resistance 4777/4805/4834/4848/4888
Support 4747/4735/4696/4666/4636

Nifty opened & remained firm +ve for the day in tight range. Nifty witnessed resisting @ 4777 zone kept hovering around it only for the day. For today, Nifty may see flat/-ve opening in line with Asian market. Immediate resistance again pegged @ 4777, Nifty needs to sustain this zone. Above this zone, 4805 would be next level to watch out. Clearing of this zone, will welcome target zone of 4834-4848. On lower side, support pegged @ 4747, sustaining below this only, Nifty tends to get weak. Below 4747-4735 zone, Nifty gets weaker for below 4700 zone.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
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Intraday View For 23-12-11

2011-12-23T08:33:00.002+05:30

Nifty: Resistance 4747/4777/4833-4848/4888
Support 4720/4666/4640/4611

Nifty opened on -ve note & remained there till noon session. Nifty recovered from lows in late trade as interest rate sensitive auto, banking and realty stocks advanced after the latest data showed food inflation eased sharply to a near 4 years low. Nifty may open gap up with 25-30 pts today. Immediate resistance @ 4777 zone. If sustains above this zone, Nifty may try to get more +ve towards 4833-48 zone, from where selling pressure can be seen. On lower side, Nifty has strong support @ 4720, break & sustain below this zone, Nifty gets weak for more dip towards 4666 & lower support zone. Nifty now keeps hope alive for bounce back/ short covering till its above 4640, below this, Nifty may slip back towards 4500-4555 zone.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
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Intraday View For 21-12-11

2011-12-21T08:27:00.002+05:30

Nifty: Resistance 4624/4666/4676/4697/4727
Support 4585/4555/4514/4484

Nifty had an extreme volatile session, with a steep fall witnessed in last minutes, which pushed Nifty to almost 28 months low. Nifty today, may open with steep gains of 90-100 pts gain. Nifty has resistance @ 4666. If sustains, Nifty can see some more upside till 4697/4727 [max]. Over all this upside, can be termed as a "dead cat bounce". More short covering only above 4745, else, nifty may see selling pressure back from higher levels. On lower side, Nifty has intraday support @ 4555-4514, below this, panic fall may set in.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
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Intraday View For 20-12-11

2011-12-20T08:48:00.002+05:30

Nifty: Resistance 4626/4666-4676/4697
Support 4585/4555/4520/4499

Nifty with weak Global cues, opened gap down & hit fresh 52 week lows & went below 4600 level as data is showing sustained selling by foreign funds. Nifty showed some recovery from lows & closed above 4600 zone, though volumes lacked in it. Today, Nifty may open with marginal gains of 15-20 pts above immediate resistance of 4626. If sustains above this zone, Nifty may move towards 4666-4676 zone. Nifty will face stiff resistance/selling @ this zone. Above 4700 only, Nifty gets into some +ve momentum for some short covering towards 4777-4800 mark. On lower side, Nifty has strong support @ 4550-4520 zone. Below this 4450-4400 may come in panic. Closing below 4400, a panic fall may trigger market towards 4200-4000 levels [in a worst scenario].

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
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Intraday View For 16/12/11

2011-12-14T08:34:00.004+05:30

Nifty: Resistance 4777/4815/4836-4840/4888
Support 4747/4696/4666/4622/4600

Nifty traded in tight range of 4730-4770 for most of time, post noon-session with alot of volatility after slipping below 4700 mark in initial trading hour. Today ahead of RBI credit policy, we may see some volatility in initial hour. Today, nifty may open marginal +ve inline with Asian market. Nifty has immediate resistance @ 4777, if sustains this zone, Nifty may move towards 4800-4815 zone. On lower side, nifty has strong support @ 4747. Till sustaining above this zone, Nifty keep hopes of +ve momentum.
If any +ve move comes from RBI, then some short covering can trigger in market.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
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Intraday View For 13-12-11

2011-12-13T08:33:00.002+05:30

Nifty: Resistance 4777/4815/4836-4840/4888
Support 4747/4725/4696/4666/4620

Nifty opened +ve in line with Asian market after the news of new EU inter-governmental treaty, the modalities of which were worked out over the weekend. Though, Nifty slipped into red after disastrous IIP data [-5.5% Vs 11% YoY] were announced. Nifty went below 4800 mark post EU market weak opening. Today, Nifty may open gap down with 30-35 pts in line with Asian market. Immediate good support @ 4747-4725 zone. If held, Nifty may see some retracement. On upside, immediate resistance @ 4777, If nifty crosses this & sustains, can see some pullback towards 4820-4840 zone. Sustaining below 4700 nifty gets weak for more fall.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
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Intraday View For 12/12/11

2011-12-09T08:26:00.005+05:30

Nifty: Resistance 4936-4949/4999/5005/5050
Support 4888/4848/4830-4820/4804

Nifty opened -ve in line with weak Asian Markets. Markets were disappointed after European Union leaders failed to get all of the bloc's 27 members to back a change in the EU treaty to tighten their fiscal coordination. Nifty tried to bounce back from lower zone & went pass 4900 mark, but closed lower in final hour.
Today, Nifty may open marginal gap up with 25-30 pts gain, in line with Asian market. Immediate resistance @ 4936-4949 zone. If Nifty sustain above this zone, it may show some more bounce back towards 4999-5005 zone. On lower side, Nifty keeps bounce back hopes alive till it holds 4820 on lower side. Immediate support pegged @ 4880 in gap up.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
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Intraday View For 08/12/11

2011-12-08T08:33:00.004+05:30

Nifty: Resistance 5075/5110/5150/5205
Support 5050/5020/5005/4994/4951

Nifty remained positive for the day, with low retail participation. Nifty traded in high volatile range, with both side movement visible. Today, Nifty may open -ve in line with Global market. Immediate support @ 5050, if sustains blw this zone, Nifty may see some more slide towards 5020-5000 zone. On upside, Nifty facing resistance @ 5110 zone. If sustains, Nifty may see some more upside move towards 5150-5165 zone. Overall, we may see rangebound trades between 5050-5110 for the day. Break on either side, Nifty may show more move.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
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Intraday View For 07/12/11

2011-12-07T08:41:00.003+05:30

Nifty: Resistance 5075/5110/5150/5187
Support 5050/5020/5005/4994/4951

Nifty shed Friday gains & closed in negative zone. Though volumes were not supportive. Today, Nifty may open flat in line with Asian market. Immediate resistance @ 5075, if sustains, Nifty may head towards 5110. Sustaining above this zone, Nifty may try for further rally towards 5150 zone. On lower side, 5050 is strong support zone & till it holds, Nifty has chances to bounce back on dips. Break below this zone only we may see some selling pressure coming in towards 5005-4994 zone.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
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Intraday View For 02/12/11

2011-12-02T08:26:00.003+05:30

Nifty: Resistance 4949/4990/5010/5050
Support 4936/4912/4888/4848/4828

Nifty opened with spike gap up in line with global peers. Nifty went pass 5000 mark in initial trading hour, but resistance was visible at those levels. Nifty witnessed some selling pressure in later half & closed near day low.
For today, Nifty may open with flat gains. Nifty has immediate support @ 4936, if sustains below this levels, Nifty may see some more selling pressure towards 4912-4888 & lower zone. On upside, Nifty has resistance @ 4990-5010 zone, until closes above this zone, nifty may continue to face resistance/selling pressure at higher levels. Overall, Nifty looks weak, with rangebound moves.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
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Intraday View For 24/11/11

2011-11-24T08:23:00.003+05:30

Nifty: Resistance 4720/4745/4777/4815
Support 4690/4666/4620/4590/4555

Nifty witnessed a quick crack, once it broke major support zone of 4720-4700 intraday. Though Nifty managed to close above 4700. But, still we would like to wait & watch it to sustains 4720-4745 zone on upside, to buy for bounce back trade.Today, being expiry, Nifty may see some short covering above 4720-4745 zone towards 4777-4800+ zone. On lower side, 4700-4690 is good support to be watched intraday. Break below this zone, again some more selling pressure can be seen towards 4666-4620. A close below 4666, may take nifty towards 4555-4444 in coming days.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
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Intraday View For 23/11/11

2011-11-22T08:14:00.005+05:30

Nifty: Resistance 4800/4832/4848/4888/4915
Support 4770/4745/4721/4700/4666

Nifty closed in +ve zone after 9 consecutive negative closes. Nifty faced resistance @ 4848 zone & slipped thrice during the day & finally closed near 4800.
Today, Nifty may open -ve with 30-40 pts gap down in line with Asian Market. Immediate strong support @ 4770, if breaks & sustains below this zone, Nifty may slip further towards 4745 & 4721 zone. Nifty has strong base support @ 4721-4700 zone, which has been held in all resent falls. If this breaks too, nifty may enter into panic zone & sell off may trigger Nifty towards 4666-4600 or even lower zone. On upside, to keep Nifty ticking for +ve moves, it needs to sustain/close above 4848 zone. Above this, Nifty may head towards 4915-4973 zone.
Overall Banking/Reality/Steel sector looks bearish.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
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Intraday View For 21/11/11

2011-11-21T08:14:00.004+05:30

Nifty: Resistance 4913/4936/4951/4999
Support 4880/4848/4832/4800

Nifty witnessed some good volatility on friday & traded in almost 100 pts range. Nifty made high of 4925 & low of 4845. Nifty closed into red for 7th consecutive session.
Nifty may open gap down with 20-25 pts loss. Immediate support @ 4880, if held, Nifty may show some pullback. Immediate resistance @ 4913, if sustains, Nifty may witness some more upside towards 4936-4951. Above 4951, if sustains for 5 min, more upside move is possible in Nifty. On lower side, as mentioned, immediate support @ 4880, if breaks & sustains, Nifty may see some more booking towards 4848-4832 zone. Over all, we may see some volatility between 4848-4951 range, till either side range is broken [closing basis].

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
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Intraday View For 17/11/11

2011-11-17T07:45:00.003+05:30

Nifty: Resistance 5050/5084/5111/5151/5165
Support 5020/5000-4990/4950/4913

Nifty remained quiet confused & some violent volatile moves were visible in 5000-5084 range.2 days back we wrote of Nifty shedding 100 pts below 5150 mark & Nifty did 100% exactly. Nifty went below 5000 mark in just 2 sessions once it broke 5150 mark.
Today, Nifty may open flat/-ve in line with Asian market. Nifty has strong supp @ 5000-4950 zone now, which is expected to hold this downtrend on immediate basis & offer some bounce back to 5150-5200 zone. Sustaining below 4950, Nifty may head down towards 4800-4700 zone.Traders may buy dips till 4950 holds. Immediate resistance @ 5084, if sustains, Nifty may head towards 5115-5150+ zone. On lower side 4990 & 4950 are very strong support zone for above mentioned bounce back zones.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Intraday View For 14.11.11

2011-11-13T18:53:00.004+05:30

Nifty: Resistance 5210-5225-5252-5275-5315
Support 5175-5165-5151-5111-5075

Nifty opened weak on Friday & extended losses later during the day. Market sentiment was weak as the latest IIP data showed growth @ dismal 1.9% in September 2011, the lowest rate of growth in 2 years.
Nifty may open with 35-45 pts gains today in line with Global market. Nifty needs to sustain 5150 on lower side now to keep +ve momentum to keep ticking for bounce backs. Immediate resistance now @ 5225, if sustains, Nifty may move up towards 5252-5275 zone. Further move above this zone may lead Nifty towards 5300++ zone. On lower side, 5151-5165 holds key for further downside. If breaks & sustains below this zone, a down move of 100 pts not ruled out. Trade with levels.

Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Intraday View For 09/11/11

2011-11-09T07:35:00.003+05:30

Nifty: Resistance 5315/5333/5353/5385/5420
Support 5275/5255/5222/5205/5189

Nifty remained dull with a rangebound trade between 5280-5310. Nifty traded with no encouragement & closed below 5300 mark.
View remains same as before. Nifty today, may open again +ve with 25-30 pts in line with Asian market. Immediate strong resistance @ 5333, If nifty sustains this zone, then it may rally towards 5353 & above this stiff resistance @ 5385. If Nifty sustains this zone, it may further rally towards 5420-5450+ zone. Else, nifty may see profit booking setting back in. Intraday support @ 5275, sustaining blw tht, weakness can come. On lower side, 5222-5205 is acting perfect support zone, as written in previous posts. So, till its holding on closing basis, Nifty keeps hopes for bounce backs from dips.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Intraday View For 08/11/11

2011-11-08T07:58:00.003+05:30

Nifty: Resistance 5315/5333/5353/5385/5420
Support 5275/5255/5222/5205/5189

Nifty remained calm with -ve bias on friday & closed below 5300 mark.
Nifty today, may open again +ve with 30-40 pts in line with Asian market. Immediate strong resistance @ 5333, If nifty sustains this zone, then it may rally towards 5353 & above this stiff resistance @ 5385. If Nifty sustains this zone, it may further rally towards 5420-5450+ zone. Else, nifty may see profit booking setting back in. Intraday support @ 5275, sustaining blw tht, weakness can come. On lower side, 5222-5205 is acting perfect support zone, as written in previous posts. So, till its holding on closing basis, Nifty keeps hopes for bounce backs from dips.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Intraday View For 04/11/11

2011-11-04T08:06:00.003+05:30

Nifty: Resistance 5315/5333/5353/5385/5420
Support 5275/5252/5222/5205

Nifty witnessed a weak opening in line with global market & hit fresh intra low as day progressed. Though, in later part of day, Nifty recovered with short covering.
Nifty today, may open +ve with 30-40 pts in line with Asian market. Immediate strong resistance @ 5333, If nifty sustains this zone, then it may rally towards 5353 & above this stiff resistance @ 5385. If Nifty sustains this zone, it may further rally towards 5420-5450+ zone. Else, nifty may see profit booking setting back in. Intraday support @ 5275, sustaining blw tht, weakness can come. On lower side, 5222-5205 is acting perfect support zone, as written in previous posts. So, till its holding on closing basis, Nifty keeps hopes for bounce backs from dips.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Intraday View For 03/11/11

2011-11-03T08:22:00.004+05:30

Nifty: Resistance 5255/5275/5315-5333/5355
Support 5222-5210/5175/5152/5111

Nifty performed exactly as per our expectation. Despite Global weakness, Nifty bounced from lower levels & went into green zone & remained there whole noon, though selling came in last hour & Nifty closed back in Red.
Today, Nifty is expected to open gap down with 35-40 pts, in line with Asian market. Immediate strong support @ 5222-5205 zone, if held, Nifty may try to stabilize. If Nifty trades below 5205, then a further slide towards 5165 zone can be seen. Overall, till Nifty holds 5151-5115 zone on lower side, positional longs creation can be seen in this dip. On upside, Nifty has resistance @ 5275, if sustains, can se 5315-5333 zone.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Intraday View For 02/11/11

2011-11-02T08:32:00.003+05:30

Nifty: Resistance 5275/5315/5333/5353/5385
Support 5252/5222/5205/5165/5151

Nifty opened kept dragging into red for the whole session on Tuesday, after fresh worries about Euro zone debt crisis caused Global Aversion. Today, Nifty may open -ve with 30-35 pts in line with Asian market. Immediate strong support @ 5222-5205 zone, if held, Nifty may show some good bounce back, with stock specific moves. If Nifty trades below 5205, then a further slide towards 5165 zone can be seen. Overall, till Nifty holds 5151-5115 zone on lower side, positional longs creation can be seen in this dip. On upside, Nifty has resistance @ 5275, if sustains, can se 5315-5333 zone. We may expect some covering from lower support levels despite weak Global Cues.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Intraday View For 01/11/11

2011-11-01T08:16:00.003+05:30

Nifty: Resistance 5353/5385/5420/5455/5495
Support 5330-5305/5275/5250/5222/5210

Nifty remained range bound with -ve bias for the day. Nifty witnessed some selling pressure at higher levels & closed below 5350 mark. Today, nifty may open with marginal loss of 15-20 pts, inline with Global market. Immediate support @ 5330, breaking below this, Nifty finds support @ 5305, breaching that, nifty may slide towards 5275-5250 zone. On upside, resistance @ 5353, if sustains this zone, nifty may see some more upswing towards 5385 & above. Nifty needs closing above 5385, to show 5420-5455 zone in coming days.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Intraday View For 31/10/11

2011-10-31T07:35:00.003+05:30

Nifty: Resistance 5385/5420/5444-5454/5495
Support 5355/5330/5305/5275/5252

Nifty with extreme bullish global cues, opened & traded with big gains for whole Friday session. Though, now some profit booking is expected before fresh upmove. Nifty may open flat & immediate strong resistance pegged @ 5385, if nifty crosses & sustains above this zone, it may show some more rally towards 5420-5444+ zone. On lower side, Nifty has immediate support @ 5355, breaking & sustaining below this level, Nifty may slide towards 5330-5305 zone. Closing below this level may set trend to profit-booking mode for upcoming sessions.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Happy Diwali -- Samvat 2068 Picks

2011-10-26T15:58:00.005+05:30

Samvat 2068 Picks:
LargeCaps-
Reliance
HDFC Bank

MidCaps-
JSWHL
DeltaCorp
Orchid Chem

SmallCaps-
VLS Finance
Confidence Petro
LITL

~~~~~~~~~~~~~~~~~~~~~~~~~~

Intraday View For 25/10/11

2011-10-25T08:12:00.003+05:30

Nifty: Resistance 5115/5151/5175/5210
Support 5075/5050/5005/4990/4949

Nifty opened +ve inline with Asian market, but again failed to cross & sustain 5151 zone to keep Bull's hope alive. Nifty witnessed selling pressure again from that zone & closed below 5100 mark. Today nifty may open marginal +ve gains of 15-20 pts & may trade in range of 5080-5130 ahead of RBI meet. We may see some volatile moves post RBI meet, & Nifty may move according to announcements. Also being October month expiry, we may see some stock specific moves. On lower side, Nifty has good intraday support @ 5075, below this 5050 is possible. Breaking further of this zone, Nifty may move towards 5005-4990 zone. On upside, 5151-5175 zone remains resistance zone for further breakout rally.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Intraday View For 24/10/11

2011-10-24T08:14:00.003+05:30

Nifty: Resistance 5075/5115/5151/5175/5210
Support 5050/5005/4990/4949

Nifty witnessed alot of zig-zag moves between +ve & -ve zone on Monday & finally ending almost 1% down. Today, Nifty may open gap up with 40-50 Pts in line with Asian market. Above 5075, nifty may start to move towards 5115 zone. Sustaining this zone, Nifty may rally again further towards resistance zone of 5151. Nifty has to cross 5175 zone for a further rally. Lower side support pegged @ 5075 & below this range @ 5050. Breaching of this zone, Nifty tends to get weaker for 5005-4990 zone. Over all Nifty is stuck in range of 5050-5150 from past few session. We expect Nifty to get further direction post RBI meet. Nifty needs break of 5175 on upside or 4990 on downside to show some further moves.
Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Intraday View For 21/10/11

2011-10-21T07:56:00.003+05:30

Nifty: Resistance 5115/5155/5175/5210-5222/5250
Support 5075/5050/5005-4990/4949

Nifty after opening -ve in line with Global market, remained weak with high volatility. Nifty went on to bounce from lows to cross 5100 mark intraday. Today, nifty may open flat/+ve with 5-10 pts gains. Nifty has immediate resistance @ 5115 zone, if sustains & crossover of this zone may take Nifty may back to test stiff resistance zone of 5151-5175. On lower side 5075 is good intraday support, breaking this zone, nifty may see a small dip towards 5050 & lower. Overall, Nifty is expected to trade in range & till breach of 5175 on upside is not seen, Nifty may see selling pressure again from those zone.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Intraday View For 20/10/11

2011-10-20T08:18:00.004+05:30

Nifty: Resistance 5115/5155/5175/5210-5222/5250
Support 5075/5050/5005-4990/4949

Nifty remained firm with +ve bias & gained on back of +ve global cues. Nifty traded exactly as written & above 5075, Nifty went on to touch 5115 & 5150, though Nifty lacked volumes comparatively. Today, Nifty may open -ve with 50-55 pts in line with Asian markets. Immediate intraday support pegged @ 5075. Sustaining below this range, Nifty may see 5050 & breaking this with volumes, Nifty may slide further towards 5005-4990. On upside, 5155-5175 remains crucial for more upside rally. Overall, Nifty may remain in range of 4990-5150, till either side breaks are seen.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Intraday View For 19/10/11

2011-10-19T08:16:00.003+05:30

Nifty: Resistance 5075/5115/5151-5176
Support 5050/5005-4990/4949/4905

Nifty opened & traded -ve for the day in line with Global market on Tuesday. Nifty after opening -ve, hit fresh intraday low & rangebound session was followed by it, with some short covering witnessed in last half hour taking Nifty to close above 5050. Today, Nifty may open +ve with 25-30 pts gains inline with Asian market. Immediate resistance pegged @ 5075, if sustains above this zone, Nifty may see some more +ve moves towards 5115 & crossover of this zone may take Nifty may back to test stiff resistance zone of 5151-5175. On lower side, Nifty has good intraday supp @ 5050 & till its holding 5005-4990 [closing basis], Nifty has full chances to bounce back positionally on dips.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Intraday View For 18/10/11

2011-10-18T06:48:00.004+05:30

Nifty: Resistance 5075/5115/5151/5175/5210
Support 5050/5005/4990/4949/4933

Nifty again failed to cross 5151 mark & witnessed selling pressure @ resistance zone. Nifty slipped & closed flat underperforming Global markets. Today, Nifty may open -ve inline with Asian market with 40-50 pts. Nifty may open around support of 5050 zone. If sustains below this zone, Nifty may see more pressure & head towards support zone of 5005-4990. On upside, resistance now pegged @ 5115, if nifty crosses & sustains above this, it may move towards 5151-5175 zone, which will give stiff resistance again. Nifty needs to cross & sustain this zone to move towards 5275-5350 zone.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Intraday View For 17/10/11

2011-10-17T07:38:00.003+05:30

Nifty: Resistance 5151/5175/5210/5252/5275
Support 5115/5075/5050/5021/5005

Nifty after a initial calm trading session, witnessed some good buying interest coming in from lower support levels to take Nifty towards 5150 zone. Today Nifty may open gap up with 20-25 pts gains. Immediate stiff resistance zone @ 5150-5175. If Nifty trades above this zone for 2 sessions, Nifty may head towards 5250-5275 zone. On lower side, Nifty maintains intra support @ 5125-5115, if breaks & sustains below this zone, Nifty may see some profit booking setting in towards 5070-5050 zone. Nifty will get good support @ 5050 zone. If this zone is held, we may see some buying setting in for bounce back.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Intraday View For 14/10/11

2011-10-14T07:31:00.002+05:30

Nifty: Resistance 5115/5151/5170/5210
Support 5075/5050/5020-5005/4990

Nifty moved in line with our yesterday post. Nifty tried couple of times but failed to cross 5151 mark & slipped below 5100 mark, but held on to support zone of 5050. For today, Nifty maintains intra support @ 5050, if breaks & sustains below this zone, Nifty may see some more profit booking setting in towards 5020-5005 zone. Nifty will get good support @ 4990-5005 zone. If this zone is held, we may see some buying setting in for bounce back. On upside, intraday resistance marked @ 5115, if crosses some covering towards 5151 may be seen. Crossing 5151-5175 & sustaining above this zone, Nifty may see some more short covering towards 5253-5275 zone, [where this up move will be tested], else we may see profit booking setting in again, to keep Nifty in a range.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Intraday View For 13/10/11

2011-10-13T07:36:00.003+05:30

Nifty: Resistance 5115/5151/5175/5210/5253/5275
Support 5075/5050/5005/4990/4945

Nifty after initial dips & hiccups, witnessed a spike move above 5050 & went pass 5100 mark. Nifty may open +ve with 15-20 pts today in line with Asian market. Nifty has now stiff intraday resistance @ 5151-5175, if sustains above this zone, Nifty may see some more short covering towards 5253-5275 zone, [where this up move will be tested], else we may see profit booking setting in. On downside, Nifty till above 5050, intraday, dips may be seen as buying opportunity.Sustaining below this zone, Nifty may see some more dip towards 5005-4990 & lower levels.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Intraday View For 12/10/11

2011-10-11T07:31:00.004+05:30

Nifty: Resistance 4990-5005-5050-5085-5115
Support 4949-4936-4900-4880-4850

Nifty faced resistance @ 5050 zone after continuous upmove from 4700 zone.Today, Nifty may open flat/+ve inline with Asian markets. Nifty has immediate intraday support @ 4949-36 zone. If breaks & sustains below this zone, nifty may see some more profit booking coming in towards 4900-4880 zone. On upside, 5050 maintains to be a tough zone for Bulls to cross & sustain. Closing above this, Nifty may see some more upmove coming in towards 5100 & above zone.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Intraday View For 10-10-11

2011-10-10T08:15:00.002+05:30

Nifty: Resistance 4905/4936/4949/4999/5005
Support 4880/4848-4832/4808/4770/4747

Nifty witnessed huge gap up opening in line with Global market & spurted almost 3% gap up opening. Nifty today may open flat & immediate resistance @ 4905-4910 zone, if sustains this zone, Nifty may see 4936-4949 zone. On lower side, support pegged @ 4880, if breaks & sustains below this zone, Nifty may see 4848 & lower zone. Overall, Nifty may see some range bound moves between 4848-4936 & either side break may bring further move & decide trend.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
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Intraday View For 05/10/11

2011-10-04T07:38:00.006+05:30

Nifty: Resistance 4800/4832/4848/4880/4905
Support 4770/4745/4700/4666/4620/4585

Nifty after initial a calm trading session, witnessed selloff in later half taking Nifty to close below 4800 & Sensex below 16000 levels. Today nifty may open flat/+ve. Immediate strong resistance @ 4832. If sustains above this zone for few minutes, nifty may head towards 4848-4880+ zone. On lower side, Nifty has strong support 4770, if sustains below this zone, Nifty may test 4745-4700 support zone. Until & unless, nifty is holding 4700 zone now [closing basis], it may show some bounce back towards 4900 zone, as many indicators are in oversold zone now.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Intraday View For 03/10/11

2011-10-03T07:45:00.003+05:30

Nifty: Resistance 4905/4936/4949/4990-5005
Support 4880/4848-4832/4800/4777

Nifty ended September month with extended losses. Nifty opened gap down on Friday, though tried to gain momentum by moving in +ve zone, but ended day with 1.5% fall for the day & 13% fall for July-September quarter. Today, again we expect a gap down opening of 40-50 pts in line with Global market. Immediate strong support @ 4880, if held, we may see some stabilizing of fall, else breaching of this zone, may take Nifty towards lower zone of 4848-4832 zone. On upside, Nifty has immediate minor resistance @ 4905, if crosses & sustains, it may move towards 4936-4949. Overall view remains sluggish for the day, with stock specific buying being seen.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Intraday View For 29/09/11

2011-09-29T08:12:00.003+05:30

Nifty: Resistance 4949/4990-5005/5035-5050
Support 4905-4880/4848-4832/4804

Nifty had a quiet rangebound session. Nifty remained in just a 25-30 pts range for the maximum time of the day ahead of expiry. Today, Nifty may open marginal gap down with15-20 pts in line with Asian market. Being expiry, we may see a rangebound session with stock specific moves. Intraday immediate support @ 4905-4880 zone. Sustaining below this zone, nifty may see some more profit booking setting in towards 4848-4832. On upside, resistance @ 4949... sustaining above this zone, nifty may track upside towards 4990-5005 zone, where fresh selling pressure may be seen.
Avoid leverage trading today on account of Expiry, as we expect some volatile moves.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
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Intraday View For 28/09/11

2011-09-28T07:41:00.003+05:30

Nifty: Resistance 4990-5005/5035-5050/5094/5115
Support 4949-4936/4905/4880/4848

Nifty witnessed a huge rally inline with Global rally. As written, nifty once crossed & sustained 4905, witnessed good move towards 4990 & ended day with good gains of 2.8%. Today, Nifty may open +ve with 30-35 pts gains inline with Asian market. Immediate strong resistance @ 4990-5005. If cross & sustains this zone, nifty may see some more +ve move towards next resistance zone 5035-5050. On lower side, 4949-4936 is strong support zone. Below this some profit booking may set in. Although, we too expect profit booking from higher zone, after a steep move from support zone of 4800.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Intraday View For 27/09/11

2011-09-27T07:28:00.003+05:30

Nifty: Resistance 4848/4888/4905/4949/4990
Support 4832/4800/4770/4721/4688

Nifty had a volatile session, with buying being witnessed at lower support zone & maintained 4800 mark [closing basis]. Today, Nifty may open +ve with 35-45 pts gain in line with Asian market. With expiry just 2 days ahead, we may see some stock specific short covering coming in. Immediate strong support pegged @ 4800, till holding on closing basis, Nifty keep hopes to show some recovery in coming days. On upside, resistance @ 4888-4905. If crosses & sustains above this, some more short covering towards 4949-4990 zone may be seen.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Intraday View For 26/09/11

2011-09-26T07:59:00.004+05:30

Nifty: Resistance 4880/4905/4936-4949/4990
Support 4848-4831/4800/4770/4725/4700

Nifty had an extremely volatile session, amid weak global cues. Nifty traded in a wide range of 100+ pts for the day & added on to previous losses. For today, nifty may open flat/-ve. Immediate support @ 4848-4831 zone. Sustaining below this, nifty may turn more weak for some selling pressure towards 4800-4770. Nifty has strong support @ 4770 zone [closing basis]. If held we may see some buying coming in. On up side, resistance pegged @ 4880 & 4905. Sustaining & closing above this zone, nifty gets +ve for some short covering towards 4950-4990 zone. Traders may utilize dips to buy for some short covering rally.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
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Intraday View For 23/09/11

2011-09-23T07:49:00.003+05:30

Nifty: Resistance 4880/4932/4949-4955/4990/5005
Support 4850/4827/4800-4770/4743

Nifty in line with Global market, witnessed panic sell off. Nifty / Sensex witnessed one of the biggest fall [%age wise] since Aug 2009. Nifty breached support of 4990 too & a sell off was witnessed there after. Today, Nifty may again open gap down with 40-50 pts fall. Immediate strong support @ 4850. Nifty sentiments are highly bearish at the moment & testing of support zone @ 4800-4770 also not ruled out. Nifty trend decider support pegged @ 4800-4770 [closing basis], below this more selling pressure may be witnessed. Nifty if crosses above 4949-4955 zone, we may see some buying coming in & short covering may be witnessed.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Intraday View For 22/09/11

2011-09-22T07:40:00.004+05:30

Nifty: Resistance 5151/5175/5210-5225/5252
Support 5115/5090/5050/5005-4990

Nifty had a quiet range bound day ahead of U.S Fed Meet. Nifty for the 3rd consecutive time, made a failed attempt to cross & sustain above 5175 zone. Nifty witnessed selling pressure from same zone & closed in -ve zone. Today, Nifty may open -ve with 50-60 pts in line with Asian market. Immediate strong support @ 5090, if sustains, below this zone, Nifty may see some more pressure building in towards 5050 & lower support zone. 4990 holds to be a strong support for over all dip, below it more sell off can be seen. On upside, 5175 again remains to be a strong resistance for bulls to cross & resume strong upmove.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Intraday View For 21/09/11

2011-09-21T07:59:00.003+05:30

Nifty: Resistance 5151/5175/5225/5256/5275
Support 5115/5075/5050/5005-4990

Nifty opened gap up & witnessed a steep rally on back of short covering lead by broad based buying across all sectors. Today, nifty may open flat/+ve with 10-15 pts. Nifty has immediate resistance @ 5151-5175 zone. A close/sustain above 5175 is now needed to take rally towards higher target zone of 5250-5300 zone. On downside, Nifty has immediate support @ 5115, break & sustain below this zone, Nifty may see some profit booking setting in. Over all, Nifty is expected to show +ve bias sustaining above 5175.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Intraday View For 20/09/11

2011-09-20T08:17:00.002+05:30

Nifty: Resistance 5050/5075/5115/5151
Support 5005-4990/4949-4937/4900

Nifty opened & remained in -ve zone through out the day. Though, nifty traded in just 20-25 pts range only for the maximum time of the day. Today, nifty may open flat/marginal +ve. Immediate intraday good support pegged @ 5005-4990 zone. Immediate resistance pegged @ 5050. Break & sustain of this zone, Nifty may touch 5075 & sustaining this level may take Nifty further to 5110+ zone. Below 5005-4990 nifty gets weak for more selling pressure. Overall, we may witness another range bound session until break of either side levels is seen.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Intraday View For 19/09/11

2011-09-19T08:01:00.003+05:30

Nifty: Resistance 5115/5151/5175/5210
Support 5050/5005-4990/4949/4932

Nifty opened +ve & added on to gains in initial trading hour ahead of RBI meet. Post RBI meet, after 25 BPS rate hike, Nifty witnessed some spiky moves & wiped off all gains, though regained in last hour to close almost flat with marginal gains. Today, nifty may open -ve in line with Asian market with 10-15 pts. Immediately sustaining below 5070, nifty may see some dip towards 5050 zone. Further break of 5050, may lead to more selling pressure to test towards 5005-4990 & lower support zones. Resistance pegged @ 5115, if sustains above this zone, some short covering may set in towards 5135-5151 zone. Till close above 5175, nifty is expected to remain in 4950-5150 zone.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Intraday View For 16/09/11

2011-09-16T08:01:00.004+05:30

Nifty: Resistance 5089/5115/5151/5175/5200
Support 5050/5005-4990/4949/4936

Nifty after a initial flat/-ve trading, again witnessed good buying at lower support zone & went pass 5050+ mark with the help of IT sector, to close above crucial resistance zone ahead of RBI policy on Friday. Today, Nifty may open with gap up of 35-40 Pts in line with Global market. Immediate support now pegged @ 5050. If breaks & sustains below this zone, Nifty may see some profit booking coming in. On up side immediate intra resistance @ 5115, nifty sustaining abv this zone, can see some more upside moves towards 5135-5151 zone. Overall we may see some sluggish/volatile moves ahead of RBI meet in initial trading hours. Spiky moves not ruled out post RBI meet.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Intraday View For 15/09/11

2011-09-15T07:49:00.003+05:30

Nifty: Resistance 5050/5089/5115/5151/5179
Support 5005-4990/4949-4936/4905/4880

Nifty after a initial dip in morning session, it witnessed buying back from lower zone, boosted by IT stocks & took Nifty pass 5000 mark. Today, we may have a +ve opening with 40-45 pts gain in line with Asian market. Immediate resistance still pegged @ 5050, which if sustained, Nifty may see some more buying interest coming in towards 5089-5115 zone. On lower side, intra support pegged @ 5005-4990, breaching & sustaining below which, nifty may see some more selling pressure setting in. Over all, yesterday's closing candlestick points towards a further up move. But ahead of RBI meet on Friday, we may see some volatility in Bank stocks & leveraged longs would be advised to be avoided.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Intraday View For 14-09-11

2011-09-14T08:26:00.002+05:30

Nifty: Resistance 4949/4990-5005/5050/5089
Support 4936/4905/4880/4848/4832

Nifty had a good start with buying seen in stocks, which took nifty pass 5000 & crossed 5030 mark. Though in noon, selling pressure was witnessed post EU opening & Nifty cracked almost 100++ pts from high & managed to close almost flat. Today, we may again see +ve opening with 10-15 pts gain in line with Global market. Immediate resistance again pegged @ 4990-5005 zone. If sustained above this zone, nifty may see some more upside swing towards 5040-5050 zone, from where it may see some selling pressure again if not crossed. On lower side, immediate support pegged @ 4936, below it @ 4905-4880 is a strong support zone. If held, it may see some buying coming in. Overall we may see some range bound spikes in 4880-5100 zone in coming sessions to come ahead of, so traders are advised to trade with caution & be hedged .

Trade with levels.
Happy Trading
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Intraday View For 13-09-11

2011-09-13T08:44:00.002+05:30

Nifty: Resistance 4990-5005/5050/5087/5115
Support 4949/4936/4905/4880/4848

Nifty witnessed selling pressure in line with Global weakness, though nifty managed to close abv 4936 zone. Today, nifty may open gap up with 30-35 pts in line with Asian Peers. Immediate stiff resistance zone @ 4990-5005. If nifty able to cross & sustain this zone, Nifty may see some short covering towards higher resistance zone of 5050+. On lower side, Nifty maintains good support @ 4936-4949. Till holds, Nifty can show bounce backs from dips. Over all we may see some range bound session till either side break of levels is seen.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Intraday View For 12/09/11

2011-09-12T07:50:00.003+05:30

Nifty:Resistance 4990-5005/5050/5075/5115/5151
Support 4949/4936/4913/4880/4832

Nifty opened flat & traded in range until European market opened in red & making Indian market to trip to selling pressure. Today, again we may have a weak opening in line with Global markets. Nifty may open 70-75 pts down. Immediate intra support @ 4949-4936 zone. Sustaining below this zone, Nifty gets more weaker for more selling pressure. Immediate resistance @ 4990-5005. If sustains above this zone, nifty may see some short covering. Overall sentiments are bearish & closing below 4936 for couple of sessions, Nifty may see more selling pressure towards 4880-4832 & lower.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Intraday View For 09/09/11

2011-09-09T08:24:00.003+05:30

Nifty: Resistance 5175/5210/5225/5250/5298/5333
Support 5151/5115/5093/5050/5000

Nifty remained choppy & rangebound in early session of trade, with later rally witnessed to pass 5150 zone, but 5175 holded on as resistance as written in yesterday's post.Today, Nifty may again have a flat opening in line with Asian market. Immediate resistance again pegged @ 5175, if sustains above this zone, Nifty may see rally extending towards 5210-5225 zone, else we would still advise to avoid leverage buying. On lower side immediate intraday support pegged @ 5151, if breaks & sustains below this zone, nifty may see some lackluster moves & break below 5115, nifty may see some selling pressure coming in.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Intraday View For 08/09/11

2011-09-08T08:37:00.003+05:30

Nifty: Resistance 5150/5175/5215/5225/5259
Support 5115/5095/5070/5050/5005

Nifty added more steady gains to its Tuesday's rally & as written it went to touch 5150 zone. Today we may witness flat opening in line with Asian market. Immediate resistance is pegged @ 5150 & support @ 5095. Either side break & sustain of levels may show more moves towards further level. We would though advise caution to buy at resistance zone & wait for a proper entry time. Booking profit in longs would be advised to those who used these dips take longs & wait for 5175 to sustain. On lower side, below 5095, we may see some profit booking to set in, but till Nifty is now above 5005, it has less chances to be afraid of Bears.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Intraday View For 07/09/11

2011-09-07T08:17:00.004+05:30

Nifty: Resistance 5075/5099/5115/5130/5155/5165
Support 5050/5005/4990/4963/4936

Nifty holded on to support zone @ 4936 & witnessed buying interest at lower support levels to take Nifty pass 5050 zone. Today, Nifty may open gap up with 15-20 pts in line with Asian market. Nifty now has a minor hurdle @ 5075 & crossing above this @ 5130. If both levels are sustained, nifty may see more higher levels @ 5175-5200 zone, from where we may see some profit booking pressure set in. On lower side, nifty now has good support @ 5005-4990 zone, which will offer good buying opportunity in dips.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Intraday View For 06-09-11

2011-09-06T08:28:00.003+05:30

Nifty: Resistance 5025/5050/5088/5115
Support 5005-5000/4963/4949/4936

Fresh concerns over global economic recovery disturbed stock markets on Monday. Today, nifty may open -ve with 25-30 pts in line with Asian markets. Immediate support in gap down opening pegged @ 4975. Intraday traders may look to trade on long side till 4949 is held. On upper side, 5025 will offer resistance to upside swings. Till nifty is not able to break & sustain above 5050, we may see some selling pressure setting in on higher side. On flip side, if nifty closes & sustains above this zone, we may see some more upmove towards 5150 zone coming, in days to come.

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Intraday View For 26/08/11

2011-08-26T08:34:00.003+05:30

Nifty: Resistance 4888/4913/4936-4949/4999
Support 4848/4832/4800/4770/4742

Nifty opened & traded in green in initial hour before slipping into deep red by 1% on Expiry day. Resistance was pegged @ 4913 & nifty made high @ 4912 & slipped to lower levels & held on to support @ 4832. Today, we may see -ve/flat opening in line with Asian market. If nifty holds on to support zone @ 4832-4800 zone, we may see some bounce back to 4900-4950 zone in coming session. Until & unless close above 5005, Nifty has less chances to resume its upmoves, till then rangebound upmoves will be only seen. On lower side, breaking & sustaining below 4800 only, we may see some sell off setting in back.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Intraday View For 25/08/11

2011-08-25T08:05:00.002+05:30

Nifty: Resistance 4913/4936/4949/4990
Support 4880/4848/4832/4800

Nifty perfectly as written in yesterday's view. Nifty faced resistance @ higher zone & below 4913, Nifty witnessed slide below 4870 zone. Today, again we may open marginal +ve with 15-20 pts in line with Asian market. Immediate intraday support pegged @ 4880-4870. Intraday resistance @ 4913.... break of either range may take nifty to some more movement. Overall we expect expiry to be in a 4900-4950 range with some volatile moves.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Intraday View For 24/08/11

2011-08-24T07:34:00.003+05:30

Nifty: Resistance 4936/4949/4990/5005/5050
Support 4913/4880/4848/4832/4813

Nifty witnessed some volatile moves & dipped in initial trading hour before some short covering was witnessed and amid speculation that the US Fed will announce further measures to stimulate US economy.Today, nifty may open gap down with 20-25 pts in line with Asian market. Immediate support pegged @ 4913... if sustained below this, nifty may see more slide towards 4880 & lower levels. Immediate resistance @ 4936-4949 range. Sustaining above this, we may see some more short covering coming in. Technically nifty upside looks capped [will keep updated with levels]
Ahead of Expiry & Fed Meet... we may see some volatile moves. Avoid Leverage trading [ buying side ]

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Intraday View For 23/08/11

2011-08-23T07:34:00.003+05:30

Nifty: Resistance 4936/4949/4999/5005/5050
Support 4913/4880/4845/4832/4800

Nifty held on to crucial support zone @ 4800 & with the help of short covering nifty went pass 4900 mark to close above it. Today, Nifty may open gap up with 25-30 pts gain. Immediate resistance pegged @ 4936-4949 range. If nifty sustains above this zone, short covering lead to more upside towards 4990-5000 zone. On lower side, nifty has strong support @ 4880, till hold on to this level, bounce back from lower levels are possible. Breaking & sustaining below this zone, Nifty may see some more booking set in.
Ahead of expiry, we may see some volatile moves.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Intraday View For 19/08/11

2011-08-19T07:40:00.004+05:30

Nifty: Resistance 4880/4915/4945/4999
Support 4848/4832-4819/4800/4777

Nifty opened +ve but slowly witnessed pressure @ resistance zone & surrendered to Bears after EU mkt opened gap down. Nifty breached support zone of 4990 & closed below 4950 mark, which is a -ve sign for coming sessions. Today Nifty may open deep down with 65-75 pts in line with Global Cues. Immediate support pegged @ 4832... if breaks below this zone, then we may see some more booking setting in. As per yesterday's chart posted, keep eyes on 4800 zone. If close below this zone for 2-3 sessions, we may see some more booking coming in towards lower levels [For chart : CLICK HERE]. On higher side, above 4999 only, some bounce back can be seen towards 5050-5100 zone, else these bounces will short lived & will be shorted.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Intraday View For 18/08/11

2011-08-18T08:05:00.003+05:30

Nifty: Resistance 5075/5115/5151/5175/5199
Support 5050/5005-4990/4951/4915

Nifty witnessed a choppy session in line with Asian market. After a initial rally, Nifty witnessed a sell off in market in noon session, however recovered in last hour of trade. Today, nifty may open marginal up with 15-20 pt. Strong support zone pegged@ 5050 zone & if breaches it, Nifty has support @ 5005-4990. If nifty holds on to this zone, we may see some jump towards 5075-5115 zone. Resistance pegged @ 5151. Till Nifty closes above this zone, we may not see some short covering & selling may emerge again from higher zone.

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Intraday View For 17/08/11

2011-08-17T07:39:00.003+05:30

Nifty: Resistance 5055/5075/5099/5115/5150
Support 5005-4990/4948-4936/4915/4888

Nifty performed as written in yesterday's post. Nifty faced resistance @ 5151 & below 5075 witnessed a sell off & Nifty closed below crucial support of 5050. Today, nifty may open flat/-ve. Intraday, immediate strong support pegged @ 5005-4990 zone. Nifty may try to see some holding of this zone & show some bounce back. Above 5055, if nifty holds, it may see some more upswing towards 5099-5115+ zone.
At this point, we would also like to advise traders to be stock specific .

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Intraday View For 16/08/11

2011-08-16T08:06:00.003+05:30

Nifty: Resistance 5115/5151/5178/5210/5222
Support 5075/5052/5021/5005/4995

Nifty opened gap up on Friday & as written, didn't sustained above 5175 & witnessed gradual selling pressure, to close below 5100. Today, nifty may open gap up with 40-50 pts gain. Immediate resistance @ 5151, if sustains above this zone, Nifty may see some more upside till 5178. Nifty needs to sustain & close above 5178-5195 zone to make positive upmove continue. Intraday support pegged @ 5075, sustaining below this, Nifty gets more weak for selling pressure. Closing basis Nifty needs to sustain 5052-40 zone. Below this more selling can be seen.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Intraday View For 12/08/11

2011-08-12T08:22:00.003+05:30

Nifty: Resistance 5151/5175/5215/5251/5275
Support 5115-5090/5075/5050/5005

Nifty opened gap down in line with weak Global cues. Though Nifty tried to build up gains in mid session but lost in last hour of trade. Nifty today may open gap up in line with Asian market. Today Nifty may open with 25-30 pt gains in line with Asian market. Immediate resistance @ 5175, if sustains above this zone, Nifty may see some more upside, towards 5215+ zone. On lower side, Nifty has strong support @ 5115-5090 zone. Till holding, Nifty has good chance to bounce back from lows.
Ahead of long weekend, we may see some range bound moves in 5115-5175 zone.

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Intraday View For 11/08/11

2011-08-10T08:29:00.004+05:30

Nifty: Resistance 5155/5175/5200/5225/5252
Support 5115/5085/5050/5000

Nifty opened with big gap in line with Global cues & witnessed a pullback to close above 5150 mark. Nifty post gap up, traded in a range of 50 pts for the day. Today, Nifty is expected to open marginal down with 15-20 pts in line with Asian market. Strong intraday support @ 5115, below this support pegged @ 5085. If Nifty is able to sustain these support zone, then we may see pull back rally to remain continue. On upper side, sustaining & closing above 5225, Nifty may see some buying interest coming back in & relief rally to extend to higher range. Intraday resistance @ 5155-5175.. sustaining abv this we may see some more upswing.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Intraday View For 09-08-11

2011-08-09T08:55:00.002+05:30

Nifty: Resistance 5005/5050/5100/5151
Support 4990/4949/4913/4880/4832

Nifty in line with Global market cracked hard to go below 5100 mark. Today we may see another panic down opening below 5000 mark. Now last bull support @ 4800-4700 mark, below that, we may see more panic sell off till 4500-4400 mark. Over all right now market is in mid of a storm & only panic is seen every where. But we would advise to keep a contra view & use this panic to take our mentioned value picks. Intraday, Nifty above 5050, may see some upswing. Sustaining below 4949 we may see some more sell off towards lower support levels.

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Intraday View For 08/08/11

2011-08-08T08:34:00.003+05:30

Nifty: Resistance 5175/5210/5222/5259/5284
Support 5155/5120/5085/5051/5003

Nifty plunged to 52 week low on worries that global economy may lapse into another recession. Nifty [spot] made low @ 5116.45 & though recovered in post noon session to cover some losses & closed above 5200 mark. Today, we may see again panic gap down opening in line with Asian Market, after after S&P lowered the U.S. rating by one level to AA+.
Investors are advised to lookout for 5175-5190 zone closely in coming session. If Nifty sustains below this for couple of sessions, we may see some more selling in coming days. On the other hand, closing above 5275 only, we may see some relief rally may set in. Almost all indicators are in oversold zone, so we would advise not to short at lower levels.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Intraday View For 05/08/11

2011-08-05T08:33:00.004+05:30

Nifty: Resistance 5225/5257/5289/5315
Support 5190/5156/5115/5080

Nifty opened & traded firm green in initial trading hour & as written, selling pressure emerged near resistance zone & dragged indices to deep red. Nifty closed below our crucial levels of 5385. And so, as written, we may see some panic sell off. Today with extreme weak Global cues, we may see some panic gap down of 2%-2.5%. Nifty will now test its crucial trend line support @ 5190. If it sustains & closes below this zone, for couple of sessions, Nifty gets weaker for more crack in coming session. Over all, its highly oversold & a marginal bounce back from lower levels not ruled out before fresh selling sets in again. Nifty intraday resistance pegged @ 5257, above this some covering sets in towards 5289-5315 zone.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Intraday View For 04/08/11

2011-08-04T08:13:00.003+05:30

Nifty: Resistance 5444-5455/5495/5525/5555
Support 5420/5385/5355/5337

Nifty in line with Global markets witnessed gap down below crucial levels of 5400. Tough Nifty recovered some points in noon session & remained in a range of 5400-5430 for the maximum time of day. Today, we may have marginal gap up with 5-10 pts & we may again see some selling pressure in initial trading time near resistance zone of 5420. 5385 will again offer a crucial support to Nifty. Closing below 5385 will make Nifty weak for more selling pressure in coming sessions, & may slide towards 5300 levels & lower. On upside, immediate resistance 5435, sustaining above this, nifty may try hit 5455, if nifty went pass above this zone too , it can show some more bounce back towards 5495-5525 zone. But this bounce back should be exit opportunity for leveraged longs.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Intraday View For 03/08/11

2011-08-03T08:11:00.003+05:30

Nifty: Resistance 5420/5444-5455/5495/5525
Support 5385/5355/5333/5315

Nifty remained under pressure along with Global Market on Tuesday. Today, Indian market may open gap down with 40-50 pts, after US market witnessed a sell off. Immediate strong support zone 5420-5385. Nifty if sustains this zone, then we may see some buying interest coming in. Resistance @ 5420, above this, 5444-5455 zone is possible to touch. Crossover of this zone, may further take nifty to 5495++ zone. On lower side, Nifty if sustains below 5385, may turn weak for some more weakness towards 5355-5333 zone. Overall nifty in oversold zone & a bounce back to 5500+ zone not ruled out on clearing resistance zone.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Intraday View For 02-08-11

2011-08-01T08:44:00.004+05:30

Nifty: Resistance 5495/5525/5555/5575
Support 5480/5455/5420/5385

Nifty along with Asian markets opened +ve & firm after US President Barack Obama said lawmakers had agreed a deal on raising the nation’s debt ceiling, easing concerns a default may slow growth. Though Indian market pared gains in noon session & didn't sustained higher levels. Nifty is expected to open marginal down with 25-30 pts in line with Asian markets. Immediate strong support pegged @ 5455 zone. If held, Nifty may see some bounceback. Sustaining below this zone, Nifty can see some more booking till 5420 & lower zone. On upside, immediate resistance @ 5495, above this zone, 5525 will offer some halt. Nifty needs to close above 5555 to continue its upswing.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Intraday View For 29/07/11

2011-07-29T08:05:00.004+05:30

Nifty: Resistance 5525/5555/5585/5615
Support 5500-5495/5455/5418/5385

Nifty along with global market witnessed selling pressure over the issue of raising US debt ceiling. Indian market opened gap down & remained sluggish for whole day & closed at day's low point below 5500 mark. Technology shares witnessed a hard hit as Rupee touched a 35-month high. Today, again we may see some gap down opening of 10-15 pts in line with Asian market. Nifty sustaining below 5500 [closing basis] has chances to shed some more weight & may test support zone of 5418-5385 in coming session. Nifty may see some support @ 5450 in middle. On the contrary, above 5525 [closing basis] we may see some bounce back to come in, before fresh selling.
Weekend bounce not ruled out if holds support zone.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Intraday View For 28/07/11

2011-07-28T08:30:00.004+05:30

Nifty: Resistance 5525/5555/5585/5615
Support 5500-5495/5455/5418

Nifty remained sluggish as indicated in yesterday's post & closed below 5555 zone. Today we may continue seeing the moves in same way Nifty may open gap down with 40-50 pts in line with Asian market. Immediate resistance pegged @ 5525 & crossing above this zone, resistance seen @ 5555-5585. Nifty will get some support @ 5500-5495. Closing below this zone, nifty gets more weak in coming days for lower levels.
Either side break & sustain will bring further moves.
Being July month expiry, we may see some spiky moves during the day, so traders are advised to be cautious.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.

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Intraday View For 27/07/11

2011-07-27T08:06:00.003+05:30

Nifty: Resistance 5585/5630/5655-5666/5697/5713
Support 5555/5525/5495/5455

As written yesterday, Nifty had an silent start to the day till RBI meet. Post meet, Nifty plunged 100 pts, as RBI shock investors & industry by raising interest rates double the expected. Today, Nifty may open flat/+ve. Immediate trend decider support pegged @ 5555. If sustains blw this level, Nifty tends to get more weak for dip towards 5525-5500 zone. On flip side, crossing & sustaining above 5585, may show signs of bounce back. Sustaining this zone, nifty may see some covering towards 5615-5630+ zone. With RBI raising rates, over all outlook is sluggish for coming days with some range bound sessions & stock specific moves.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Intraday View For 26/07/11

2011-07-26T08:18:00.003+05:30

Nifty: Resistance 5697/5712/5735/5758/5777
Support 5666-5655/5630/5615/5585

Nifty had an exceptionally good session in comparison to its peer Asian group. Nifty outperformed global cues & traded firm green after initial jerks. Above 5666, as written, Nifty went pass 5700 mark. Today, Nifty is expected to open with marginal gap up in line with Asian market. Immediate resistance pegged @ 5712. If Nifty manages to sustain above this level, then nifty tends to get some more bullish for upswing towards 5735-5758 zone. On lower side, 5666-5655 will now offer good support to any intraday dips. Today ahead of RBI policy, we may see some flattish trades in initial trading hour, before deciding any trend.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Intraday View For 25/07/11

2011-07-25T07:46:00.003+05:30

Nifty: Resistance 5655-5666/5697/5735/5758
Support 5615/5585/5555/5525/5495

Nifty performed exactly as written on Friday. Nifty went pass 5585-97 zone & added on more gains to touch 5650 zone, where it faced resistance. Today, Nifty may open flat with -ve bias in line with Asian market. Immediate support @ 5615, which if broken & sustained, Nifty may see some more profit booking towards 5585-5555 zone. On upside, nifty has resistance @ 5655-5666 zone. Which looks tough for bulls to break. If Nifty break above this zone, then it has chances to trade towards 5700+ zone in coming sessions. Over all, traders are advised caution for today.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Intraday View For 21/07/11

2011-07-21T08:09:00.004+05:30

Nifty: Resistance 5555/5585-97/5615/5630-5667
Support 5525/5495/5455/5420

Nifty witnessed selling pressure from higher resistance level @ 5585-97 zone & witnessed some sell off & went below support zone @ 5555. Today, Nifty may open marginal +ve with 25-30 pts gain in line with Asian market. Immediate support will be pegged @ 5555 zone after gap up. Resistance again seen @ 5585-97 zone. If crossed & sustained, Nifty may see some more upswing to continue towards 5600++ zone. On lower side, sustaining below 5555, Nifty has support @ 5525 & breaking blw this zone, nifty may head towards 5495 levels.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Intraday View For 20/07/11

2011-07-20T08:17:00.002+05:30

Nifty: Resistance 5630/5666/5679/5700
Support 5615/5597-85/5555/5525

Nifty had a quiet start to the day & traded in -ve zone for initial trading hour. Nifty performed exactly as penned yesterday. It held support zone of 5555 & after holding resistance zone of 5585-97 it went to touch & cross 5630 zone. Today, we may see some marginal +ve opening in line with Asian market. Stiff resistance @ 5666. If sustains this zone, Nifty may see some more upside rally to continue towards crucial zone of 5700+ [with 5679 as minor hurdle in between], else profit booking may set in. Below 5585-97 now, Nifty tends to get weaker for some intraday booking towards 5555-5525 zone [with 5555 offering ample support].

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Intraday View For 19-7-11

2011-07-19T08:12:00.003+05:30

Nifty: Resistance 5585-5597/5615/5630/5666
Support 5555/5525/5495/5455

Nifty witnessed a narrow range market which ended with marginal loss with low volumes. Though we are not witnessing any significant moves ahead due to low volumes but we have to keep in mind significant chart formations. Today, we may open flat in line with Asian market. Intraday resistance again pegged @ 5587-5597. Sustaining this zone, Nifty may head towards 5630-5666 & above zone. On lower side, support is maintained @ 5555, below this 5525-5500 are possible zone to see.
Keep eyes on SouthBank for accumulation.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
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Intraday View For 18/07/11

2011-07-18T08:04:00.004+05:30

Nifty: Resistance 5585-97/5615/5630/5656-5666
Support 5555/5525/5495/5455

Nifty opened in green & after initial trading in positive zone, Nifty slipped into red as booking emerged at higher zone. Nifty, today may open flat in line with Asian market. Immediate trend decider level @ 5585-97 range.... if sustains above this zone, Nifty may see some upside move towards 5615-5630+ zone. On lower side, 5555 will offer ample support to down moves. Break below this zone, nifty may see some selling pressure to slide towards 5525-5495.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Intraday View For 15-07-11

2011-07-15T08:29:00.003+05:30

Nifty: Resistance 5585-5597/5615/5630/5666/5697
Support 5555/5525/5495/5455/5415

Nifty had an extreme volatile session with move of over 100 pts. After gap down opening, Nifty witnessed gradual upmove & went pass 5650 but in last half hour witnessed profit booking & again steep fall came in, to close flat. Today, nifty may open marginal +ve in line with Asian market. Immediate resistance @ 5615... sustaining this range, Nifty has chance to move towards 5630-5666 zone. Closing above 5666, Nifty may see some more upside towards 5700+ zone. On lower side, 5555 offers strong support to Nifty. Breaking & sustaining below 5555 zone, Nifty can see 5525-5495 zone & lower in coming days.
Infra & Reality stocks looking good in coming days.
Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
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~~Daily Nifty View~~