NIFTY everyday

NIFTY 11-Jan-2013
Current Market Situation :

NIFTY current close : 5951
NIFTY resistance level : 6158
NIFTY support level : 5912
NIFTY sentiment : positive
NIFTY dominant cycle period : 13 days


Levels Tomorrow :

NIFTY intraday resistance 1 : 5976
NIFTY intraday resistance 2 : 6005
NIFTY intraday resistance 3 : 6047

NIFTY intraday support 1 : 5926
NIFTY intraday support 2 : 5898
NIFTY intraday support 3 : 5856

Markets pared all intraday gains at the closing of the session on account of disappointing November IIP data and December trade deficit. Nifty future surpassed its crucial level of 6000 and closed below it and also closed below the trend line acting as strong support on daily charts. To gain strength it needs to sustain above 6000 and will find resistance around the range of 6030-6070. Whereas 5900 will now act as strong support for it.

TREND: SIDEWAYS

SUPPORT : 5940 & 5900
RESISTANCE: 6030 & 6070

NIFTY 14-Jan-2013
Current Market Situation :

NIFTY current close : 6024
NIFTY resistance level : 6158
NIFTY support level : 5912
NIFTY sentiment : positive
NIFTY dominant cycle period : 13 days


Levels Tomorrow :

NIFTY intraday resistance 1 : 6049
NIFTY intraday resistance 2 : 6078
NIFTY intraday resistance 3 : 6120

NIFTY intraday support 1 : 5999
NIFTY intraday support 2 : 5970
NIFTY intraday support 3 : 5928

NIFTY 15-Jan-2013
Current Market Situation :

NIFTY current close : 6057
NIFTY resistance level : 6158
NIFTY support level : 5912
NIFTY sentiment : positive
NIFTY dominant cycle period : 14 days


Levels Tomorrow :

NIFTY intraday resistance 1 : 6082
NIFTY intraday resistance 2 : 6111
NIFTY intraday resistance 3 : 6154

NIFTY intraday support 1 : 6031
NIFTY intraday support 2 : 6002
NIFTY intraday support 3 : 5960

NIFTY 16-Jan-2013
Current Market Situation :

NIFTY current close : 6002
NIFTY resistance level : 6158
NIFTY support level : 5912
NIFTY sentiment : positive
NIFTY dominant cycle period : 15 days


Levels Tomorrow :

NIFTY intraday resistance 1 : 6027
NIFTY intraday resistance 2 : 6056
NIFTY intraday resistance 3 : 6098

NIFTY intraday support 1 : 5977
NIFTY intraday support 2 : 5948
NIFTY intraday support 3 : 5906

NIFTY 17-Jan-2013
Current Market Situation :

NIFTY current close : 6039
NIFTY resistance level : 6158
NIFTY support level : 5912
NIFTY sentiment : positive
NIFTY dominant cycle period : 16 days


Levels Tomorrow :

NIFTY intraday resistance 1 : 6065
NIFTY intraday resistance 2 : 6094
NIFTY intraday resistance 3 : 6136

NIFTY intraday support 1 : 6014
NIFTY intraday support 2 : 5985
NIFTY intraday support 3 : 5943

NIFTY 18-Jan-2013
Current Market Situation :

NIFTY current close : 6064
NIFTY resistance level : 6158
NIFTY support level : 5912
NIFTY sentiment : positive
NIFTY dominant cycle period : 16 days


Levels Tomorrow :

NIFTY intraday resistance 1 : 6090
NIFTY intraday resistance 2 : 6119
NIFTY intraday resistance 3 : 6161

NIFTY intraday support 1 : 6039
NIFTY intraday support 2 : 6010
NIFTY intraday support 3 : 5967

NIFTY 22-Jan-2013
Current Market Situation :

NIFTY current close : 6048
NIFTY resistance level : 6158
NIFTY support level : 5912
NIFTY sentiment : positive
NIFTY dominant cycle period : 18 days


Levels Tomorrow :

NIFTY intraday resistance 1 : 6074
NIFTY intraday resistance 2 : 6103
NIFTY intraday resistance 3 : 6145

NIFTY intraday support 1 : 6023
NIFTY intraday support 2 : 5994
NIFTY intraday support 3 : 5952

Markets showed strength in early trade and crossed their crucial mark while profit booking on these higher levels dragged them towards their important support levels. Nifty future was unable able to maintain above 6100 and fell towards support of 6050. Overall, index will continue to remain in bullish phase until it remains above major support of 6000. However, certain selling pressure may be seen if it sustains below 6050.

TREND: SIDEWAYS

SUPPORT : 6020 & 5980
RESISTANCE: 6110 & 6150