Equity / Stocks - Nifty Trend in MARKETS - Stock Tips Equity Tips Markets gained momentum reacting positively to the US President Obama re-election and closed on a strong ...
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Nifty Trend

  1. 11-08-2012 12:31 PM
    nitishtrifid

    Nifty Trend

    Stock Tips Equity Tips

    Markets gained momentum reacting positively to the US President Obama re-election and closed on a strong note. Nifty future faced resistance at 5820 and could not hold near this level while closed below this level. Resistance ahead is seen at 5850 for nifty. If it continues to trade in the range of 5820-5850 then we can see nifty heading towards 5900. Anyhow, if nifty sustains below 5800 then 5750 will act as strong support for it.

    TREND: SIDEWAYS

    SUPPORT : 5750 & 5710
    RESISTANCE: 5850 & 5900

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  2. 11-10-2012 12:16 PM
    nitishtrifid






    Stock Tips Equity Tips

    Markets fell 1% due to weak earnings of SBI, ONGC, Tata steel and weak global markets which dragged towards their strong support. Nifty future resisted around 5780 level and reversed from this key level towards major support of 5700. If it breaks the support of 5700 then it may further fall towards the support of 5650. While 5780 is still seen as important resistance and closing above this key level will confirm further strength in nifty towards 5800.

    TREND: SIDEWAYS

    SUPPORT : 5680 & 5650
    RESISTANCE: 5750 & 5780
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