NIFTY LIVE UPDATES

Nifty opened on a negative note and started making lower tops and lower bottoms on the intraday chart. The selling intensified as Nifty broke the support of 7300. Finally after making a low of 7224, it ended at 7235 with a loss of 1.28%. The Advance Decline ratio was almost 2:3.
Nifty has broken the immediate term support of 7300. Now it can test 7175, but it has strong support in the range of 7000 - 7100. I think this correction is a good buying opportunity in nifty with stop-loss below 7000. On the upside 7350 is a hurdle now if Nifty breaks 7350 then can again test its 16th May high of 7563.

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Today Nifty View

Nifty opened on a positive note but entire day it was trading in a narrow range of 7310 to 7340 and finally ended at 7329 with a gain of 0.16%. The Advance Decline ratio was almost 2:1.

The overall trend for nifty is bullish. Thus we are maintaining  bullish view on nifty with our target of 7563, which is 16th May high. On the downside, any correction is a good buying opportunity, Nifty has strong support at 7300 for immediate term. However, the range of 7000 - 7100 remains a strong support range for short term.

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NIFTY TREND FOR MARKET

Nifty market opened on a negative note and entire day it was trading in a narrow range of 7290 to 7325 and finally ended at 7318 with a loss of 0.56%. The Advance Decline ratio was almost 2:3.

The overall trend of nifty is bullish and we maintain bullish view with our target of 7563, which is 16th May high. On the downside, any correction is a good buying opportunity, Nifty has strong support at 7300 for immediate term. However, the range of 7000 - 7100 remains a strong support range for short term.

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NIFTY MARKET RECOMMENDATIONS AND LEVELS

Nifty market opened on a positive note but after making a high of 7365, it witnessed profit booking. In the afternoon session it took support at 7300 and bounced back smartly. Finally after making a high of 7381, it ended at 7367 with a gain of 1.25%. The Advance Decline ratio was almost 5:2.

For last 4 days, Nifty was trading in a narrow range of 7200 to 7325. But on Friday, it broke this range upside with good volumes. Thus we may see further upmove and soon Nifty can test our target of 7563, which is 16th May high. On the downside, any correction is a good buying opportunity, today's Nifty has strong support at 7300 for immediate term. However, the range of 7000 - 7100 remains a strong support range for short term.

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Today's Nifty Levels:

Support 1:              7313
Support 2:              7260
Resistance 1:          7400
Resistance 2:          7434

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NIFTY RECOMMENDATIONS TODAY

Nifty opened on a positive note and started making higher tops and higher bottoms on the intraday chart. It made a high of 7319 and thereafter it witnessed some profit booking finally it ended at 7276 with a gain of 0.32%. The Advance Decline ratio was almost 3:1.

Nifty is still trading in a range of 7200 to 7325, however trend is bullish and Nifty is witnessing buying interest at lower levels, we may witness further upmove in the days to come. We maintain bullish view with our short term target of 7563. Thus any correction is a good buying opportunity. On the downside 7000 - 7100 will play as a strong support for short term.

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Nifty Trend: Stock Market Tips Today

Nifty opened on a negative note. In the afternoon session it fell below 7250 mark but after making a low of 7206, it bounced back sharply and ended at 7252 with a loss of 0.31%. The Advance Decline ratio was almost 7:2.

Nifty market witnessed buying interest at lower levels, we may witness further upmove in the days to come. We maintain bullish view with our short term target of 7563. Thus any correction is a good buying opportunity. On the downside 7000 - 7100 will play as a strong support for short term.

 

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NIFTY MARKET REVIEW AND INTRADAY LEVELS & CHART

Nifty market opened on a positive note with making a high of 7353, but unable to sustained on higher levels and entire day it was trading in a narrow range between 7300 to 7260, finally ended at the level 7275 with a gain of 0.16%. The Advance Decline ratio for nifty was almost 7:2.

Nifty witnessed some buying interest at lower levels, we may witness further upmove in the days to come. We maintain bullish view for nifty market with our short term target of 7563 and find that any correction is a good buying opportunity for nifty. On the downside level 7000 to 7100 will play as a strong support for short term.

NIFTY LEVELS TODAY

Support 1: 7230
Support 2: 7186
Resistance 1: 7336
Resistance 2: 7398

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NIFTY TREND TODAY: VIEW NIFTY CHART

Nifty market opened on a positive note but after making a high of 7290, it witnessed profit booking. It made a low of 7193 in the afternoon and thereafter it witnessed recovery it made a high of 7291 and ended at 7263 with a gain of 0.84%. The Advance Decline ratio was almost 5:1.

Nifty witnessed buying interest at lower levels, we may witness further upmove in the days to come. We maintain bullish view with our short term target of 7563. On the downside 7000 - 7100 will play as a strong support for short term.

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NIFTY MARKET TODAY OVERVIEW

Buy Sesa Sterlite 214.95 SL: 206 TGT: 230

Buy JP Power 18.30 SL: 16.90 TGT: 20

Buy Nifty Above 7250
SL 7199
TGT 7350

Sell Nifty Below 7130
SL 7166
TGT 7070

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Nifty Market Today Overview

Nifty opened with a big upside gap and jumped above 7400 mark. It made a high of 7563 in early trade. Buy thereafter it witnessed profit booking and it started making lower tops and lower bottoms on the intraday chart. It made a low of 7130 and finally ended at 7203 with a gain of 1.12%. The Advance Decline ratio was almost 6:5.

Nifty was facing some resistance at 7150, but it broke this resistance on Friday with good volumes. The trend is still very positive and soon Nifty can again test its Friday high of 7563. On the downside 7000 - 7100 will play as a strong support for short term.

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STOCK PICKS TODAY

Sector Analysis
CNX Metal index has given a breakout on the charts after a long time. It can give around 15 % 20% move in next 10 to12 month.                                                              

My Picks are :
1) Tata Steel (467) -Broke the neckline of Inverse H&S pattern can test 660 in next 12 - 15 months
2) Sesa Sterlite (213) - Broke the neckline of Inverse H&S pattern can test 300 in next 12 -15 months.                

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NIFTY VIEW TODAY

Nifty opened on a positive note and entire day it was trading in a narrow range of 7090 to 7130 and finally ended flat at 7123 with a gain of 0.20%. The Advance Decline ratio was almost 1:2.

Nifty tested our short term target of 7100, Now if it sustains above 7175 then we may see further upmove. On the downside, If Nifty breaks 7050 then we may see a correction, thus One should revise stop-loss to 7050 for all the long positions.

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NIFTY OVERVIEW

Nifty market opened almost flat and for entire day it was trading in a narrow range between 7125 to 7085 and ended at the flat node at 7108. The Advance Decline ratio was almost 2:1.

Nifty tested our short term target of 7100, Now if it sustains above 7175 then we may see further upmove. On the downside, If Nifty breaks 7050 then we may see a correction, thus One should revise stop-loss to 7050 for all the long positions.

Today's important level for nifty in which it can be seen in today's share market are as follows:

Support Level 1:              7079
Support Level 2:               7049
Resistance Level 1:         7140
Resistance Level 2:         7171

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NIFTY LEVELS TODAY

Nifty market opened on a positive note and jumped above 7100 mark, thereafter it started making higher tops and higher bottoms on the intraday chart. But after making a high of 7172, it witnessed some profit booking and it made a low of 7078, Finally it ended at 7108 with a gain of 1.35%. The Advance Decline ratio was almost 2:1.

Nifty tested our short term target of 7100, Now if it sustains above 7175 then we may see further upmove. On the downside, If Nifty breaks 7050 then we may see a correction, thus One should revise stop-loss to 7050 for all the long positions.

NIFTY LEVELS

Support 1: 7059
Support 2: 7010
Resistance 1: 7165
Resistance 2: 7221

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INTRADAY NIFTY LEVELS & TREND TODAY

Nifty market opened on a positive note and jumped above 6900 mark, thereafter it started making higher tops and higher bottoms on the intraday chart. In the last hour of trade, it tested 7000 mark also and made a high of 7020. Finally nifty ended at 7014 with a gain of 2.27%. The Advance Decline ratio was almost flat. 

Nifty continued its up move and tested 7000 mark, we feel this rally will continue thus we maintain our short term target of 7100. However, on the downside, 6850 and below that 6650 will play as important supports for short term.

INTRADAY NIFTY LEVELS

Support 1: 6911
Support 2: 6808
Resistance 1: 7068
Resistance 2: 7122

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NIFTY TREND TODAY FOR 12TH MAY 2014

Nifty opened on a positive note and started making higher tops and higher bottoms on the intraday chart. It jumped above 6700 mark in early trade and continued its uptrend. In the afternoon session it breached 6800 mark also and finally after making a high of 6871, it ended at 6858 with a gain of 2.99%. The Advance Decline ratio was almost 2:1.

As Expected, Nifty didn't break 6650 and witnessed a sharp bounce back on Friday. After Friday's move we revise our short term target to 7100 from 6950. However, on the downside, 6650 remains a key support level for short term. Thus any correction is a good buying opportunity with stop-loss of 6650. 

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NIFTY LEVELS

Nifty opened on a positive note and made a high of 6688, but it could not sustain on higher levels and fell sharply. It made a low of 6638 and ended at 6659 with a marginal gain of 0.11%. The Advance Decline ratio was almost 4:5.
Nifty is still above 6650 on the closing basis thus the support of 6650 is intact. One can hold long positions with closing stop-loss of 6650. If Nifty sustains above 6740 then we may see lot of short covering. We maintain bullish view on Nifty with our short term target of 6950.

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NIFTY LIVE TODAY

Nifty opened on a positive note and jumped above 6700 mark. It made a high of 6743. But it could not sustain on higher levels and fell sharply. It made a low of 6701 and finally it ended at 6715 with a gain of 0.24%. The Advance Decline ratio was almost flat.
Now Nifty has strong support at 6650, thus one can hold long positions with stop-loss of 6650. If Nifty sustains above 6740 then we may see lot of short covering. We maintain bullish view on Nifty with our short term target of 6950. On the downside, 6650 remains an important support for short term.

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NIFTY RECOMMENDATIONS TODAY

Nifty opened on a positive note and jumped above 6700 mark. It started trading higher tops and higher bottoms on the intraday chart and made a high of 6741. But in the last hour of trade it witnessed profit booking and finally it ended at 6699 with a gain of 0.07%.

The Advance Decline ratio was almost 3:4. Now Nifty has strong support at 6650, thus one can hold long positions with stop-loss of 6650. If Nifty sustains above 6740 then we may see lot of short covering. We maintain bullish view on Nifty with our short term target of 6950. On the downside, 6650 remains an important support for short term.

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NIFTY RECOMMENDATIONS

Nifty opened on a positive note and made a high of 6737, but could not sustain on higher levels and started making lower tops and lower bottoms on the intraday chart. It broke 6700 mark and made a low of 6689, finally it ended almost flat 6694 with a marginal loss of 0.02%. The Advance Decline ratio was almost flat. Now Nifty has strong support at 6650, thus one can hold long positions with stop-loss of 6650. We maintain bullish view on Nifty with our short term target of 6950. On the downside, 6650 remains an important support for short term.

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NIFTY VIEW TODAY

Nifty market opened on a positive note and made a high of 6780 but could not sustain on higher levels and fell sharply in the afternoon session. It broke 6700 mark and made a low of 6656, finally it ended at 6696 with a loss of 0.28%. The Advance Decline ratio was almost 2:5.
Now Nifty has strong support at 6650, thus one can hold long positions with stop-loss of 6650. We maintain bullish view on Nifty with our short term target of 6950. On the downside, 6650 remains an important support for short term.

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NIFTY REVIEW

Nifty opened on a negative note and made a low of 6708 and finally ended at 6715 with a loss of 0.68%. The Advance Decline ratio was almost 2:3.

Nifty fell below 61.80% retracement level of its recent rally from 6665 to 6869. But we feel that the market undertone is bullish and this correction is a good buying opportunity. We maintain bullish view on Nifty with our short term target of 6950. On the downside, 6650 remains an important support for short term.

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