Nifty Trend

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Nifty Trend

Post  udittrifid on Tue Apr 09, 2013 10:59 am

Nifty Trend-09/04/2013
By admin on Monday, April 8, 2013

Benchmark Indices traded flat with low volumes for the whole session and settled near to their crucial support level. Nifty future is constantly finding support around 5550 below which if it holds then it may drag towards its 50% retracement of 5440. Any bounce back from the strong support will find immediate resistance around 5600 while it needs to hold above 5650 to gain strength.

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Nifty Trend-15/04/2013

Post  udittrifid on Sat Apr 13, 2013 10:31 am


By admin on Saturday, April 13, 2013

Markets ended the choppy session on negative note on account of disappointing Infy results and IIP nos. Nifty future traded on lower side in the last week and could not hold near 5600 as well as increase in open interest is also indicating selling pressure in the coming sessions. Major support is seen around 5480 surpassing which next support range is seen near 5440-5400. On higher side immediate hurdle range is 5570-5600.

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Nifty Trend-15/04/2013

Post  udittrifid on Mon Apr 15, 2013 2:02 pm





By admin on Saturday, April 13, 2013

Markets ended the choppy session on negative note on account of disappointing Infy results and IIP nos. Nifty future traded on lower side in the last week and could not hold near 5600 as well as increase in open interest is also indicating selling pressure in the coming sessions. Major support is seen around 5480 surpassing which next support range is seen near 5440-5400. On higher side immediate hurdle range is 5570-5600.

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Nifty Trend-18/04/2013

Post  udittrifid on Fri Apr 19, 2013 1:22 pm

Markets after opening on a subdued note resisted around their crucial levels and dropped towards their support with weak European opening. Nifty future took strict resistance of 5740 and dragged towards support of 5660. As it is not able to sustain on higher side, it may further weaken if it sustains below 5620 for the coming sessions. While 100 day EMA of 5775 is still acting as major resistance for the index.

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Nifty Trend-15/04/2013

Post  udittrifid on Sat Apr 20, 2013 12:57 pm

TREND: SIDEWAYS

SUPPORT : 5480 & 5440

RESISTANCE: 5570 & 5620

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Nifty Trend-22/04/2013

Post  udittrifid on Mon Apr 22, 2013 2:54 pm

Markets continued its bullish momentum with good volumes and closed on a strong note near to their crucial resistance levels. Nifty future closed above its 100 day EMA of 5775. On daily charts, if bulls remain active then it will face strict resistance of 5870 around the trend line coming from previous highs. However, if it is unable to sustain on psychological mark of 5800 then support range is seen near 5730-5680.

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Nifty Trend-25/04/2013

Post  udittrifid on Wed Apr 24, 2013 1:03 pm

Markets after showing choppy movements for the whole session ended flat but maintained its positive bias. Nifty future found its intraday support around 5800 and reversed towards the immediate resistance of 5850. F&O Expiry will affect the volatility where 5870-5900 will act as strict resistance and closing around these levels will strengthen the bulls further. On lower side, 5790-5750 may act as support levels from where reversals may happen.

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Nifty Trend-29/04/2013

Post  udittrifid on Mon Apr 29, 2013 1:22 pm

Markets ended lower on last session of the week due to weaker global cues and profit booking on higher levels. Nifty future started the May series on a flat note and moved mainly in the range of 5920-5880 for the whole session. If it sustains below the resistance level of 5930-5950 then some correction is expected where crucial level is seen around 5860 below which it may drag towards the next support of 5790.
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Nifty Trend-30/04/2013

Post  udittrifid on Wed May 01, 2013 12:42 pm

Markets consolidated for most part of the session and closed in green and strength was seen due to declaration of results of various stocks. Nifty future is moving in the range of 5860-5930 since last three consecutive sessions and 5950 is still seen as major resistance for it. Closing above this crucial mark may lead towards 6000 mark while if it falls below 5860 then support is seen in the range of 5830-5800.

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Nifty Trend-06/05/2013

Post  udittrifid on Sat May 04, 2013 11:51 am

Markets moved on a choppy note for the whole session on account of disheartened RBI monetary Policy and profit booking was seen on higher levels. Nifty future was unable to sustain near 6000 and reversed towards 5940. If it trades in the support zone of 5920-5860 then the index may see a downfall towards 5800 in the coming sessions. Whereas 6030 will act as the major resistance ahead.

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Re: Nifty Trend

Post  udittrifid on Wed May 08, 2013 3:06 pm

Nifty Trend-08/05/2013
TREND: SIDEWAYS

SUPPORT : 6020 & 5980

RESISTANCE: 6080 & 6120
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Nifty Trend-10/05/2013

Post  udittrifid on Sat May 11, 2013 10:39 am

TREND: SIDEWAYS

SUPPORT : 6010 & 5970

RESISTANCE: 6090 & 6120
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Nifty Trend-13/05/2013

Post  udittrifid on Mon May 13, 2013 10:27 am

Markets rallied for the whole week and settled above their crucial resistance levels with support of better than expected IIP data. Nifty future resisted near 6090 in the intraday session and bulls carried the index towards the next resistance of 6120.

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Re: Nifty Trend

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