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Friday, June 13, 2014

NIFTY TREND

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Nifty opened on a positive note but entire day it was trading in a narrow range of 7620 - 7650. Finally it ended at 7649 with a gain of 0.30%. The Advance Decline Ratio was almost flat. Yesterday's Nifty was trading in a narrow range, we maintain bullish view on Nifty with our short term target 7800. Thus any correction is a good buying opportunity. On the downside, now Nifty has immediate term support at 7400, however the short term support remains ...
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Thursday, June 12, 2014

NIFTY RECOMMENDATIONS FOR TODAY

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Nifty opened on a positive note but after making a high of 7700, it witnessed profit booking and started making lower tops and lower bottoms on the intraday chart. Finally after making a low of 7589 it ended at 7626 with a loss of 0.39%. The Advance Decline Ratio was almost 2:3. Yesterday's fall is a correction in a bullish market we maintain bullish view on Nifty with our short term target 7800. Thus any correction is a good buying opportunity. ...
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Wednesday, June 11, 2014

NIFTY LEVELS FOR TODAY

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Nifty opened on a positive note but after making a high of 7683, it fell sharply. It took support at 7579 and witnessed buying interest. Finally it ended at 7656 with a marginal gain of 0.02%. The Advance Decline Ratio was almost flat. Yesterday's fall is a correction in a bullish market we maintain bullish view on Nifty with our short term target 7800. Thus any correction is a good buying opportunity. On the downside, now Nifty has immediate term ...
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Tuesday, June 10, 2014

NIFTY DAILY UPDATES

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Nifty opened on a positive note and jumped above 7600 mark. Buy thereafter entire day it was trading in a narrow range of 7630 - 7670 and finally ended at 7654 with a gain of 0.94%. The Advance Decline Ratio was almost 3:1. Nifty has crossed 7600 mark also, we feel this uptrend will continue thus we maintain bullish view on Nifty with our short term target 7800. Thus any correction is a good buying opportunity. On the downside, now Nifty has immediate ...
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Friday, June 6, 2014

INTRADAY NIFTY LEVELS

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Nifty opened on a negative note but after making a low of 7360, It bounced back smartly. In the afternoon session it crossed Wednesday's high of 7433 with good volumes. Finally after making a high of 7484, it ended at 7474 with a gain of 0.97%. The Advance Decline Ratio was almost 5:2. Nifty has broken an important trendline resistance with good volumes. We maintain bullish view on Nifty and revise our short term target 7800 from 7563. Thus any ...
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Thursday, June 5, 2014

NIFTY DAILY RECOMMENDATIONS

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Nifty opened almost flat and entire day it was trading in a narrow range of 7390 to 7420 and finally ended at 7402 with a loss of 0.18%. The Advance Decline Ratio was almost 5:2. Now it has trendline resistance at 7450, but looking at the pattern, I think soon it can break this trendline resistance also. We maintain bullish view on Nifty with our short term target of 7563. Thus any correction is a good buying opportunity. On the downside it has ...
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Wednesday, June 4, 2014

NIFTY TREND & LEVELS

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Nifty opened on a positive note and continued its uptrend. In the afternoon session it made a high of 7424 and finally ended at 7415 with a gain of 0.72%. The Advance Decline Ratio was almost 2:1. Nifty continued its north bound journey and crossed 7400 mark. Now it has trendline resistance at 7450, but looking at the pattern, I think soon it can break this trendline resistance also. We maintain bullish view on Nifty with our short term target ...
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Tuesday, June 3, 2014

NIFTY LEVELS 3RD JUNE 2014

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Nifty market opened on a positive note and jumped above 7250 mark in early trade. Thereafter, it started making a higher tops and higher bottoms on the intraday chart. In the afternoon session it breached 7300 mark also and after making a high of 7368, it ended at 7362 with a gain of 1.83%. The Advance Decline Ratio was almost 3:1. After taking support near to 7200, Nifty bounced back sharply and successfully crossed an important resistance of ...
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Monday, June 2, 2014

NIFTY CHART AND LEVELS TODAY

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Nifty opened on a flat note and entire day it was trading in a narrow range of 7220 - 7260 and finally ended at 7229 with a loss of 0.08%. 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 and think this correction is a good buying opportunity 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. Support ...
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