NIFTY everyday

Markets lost their sentiments in the early hours of trade but positive European opening supported them to again towards their resistance levels and closed flatly.Nifty future after surpassing its important support of 6060 dragged towards next support of 6030 which is indicating 6000 is still acting as major support for the index. Closing indicates strength in nifty where 6110 is acting as important resistance for it.

TREND: SIDEWAYS

SUPPORT : 6020 & 5980
RESISTANCE: 6110 & 6150

NIFTY 24-Jan-2013
Current Market Situation :

NIFTY current close : 6019
NIFTY resistance level : 6158
NIFTY support level : 5912
NIFTY sentiment : positive
NIFTY dominant cycle period : 18 days


Levels Tomorrow :

NIFTY intraday resistance 1 : 6045
NIFTY intraday resistance 2 : 6074
NIFTY intraday resistance 3 : 6116

NIFTY intraday support 1 : 5994
NIFTY intraday support 2 : 5965
NIFTY intraday support 3 : 5923

Markets opened with negative sentiments and fell towards its major support level but recovered after the positive European opening. Nifty future took a strong pull back from its crucial point of 6030 towards the immediate resistance of 6060. However, index could not hold on higher levels and closed in red territory. Overall, nifty will remain upside till it maintains above 6000. While 6110 is still acting as important resistance and 5950 as major support.

TREND: SIDEWAYS

SUPPORT : 5990 & 5950
RESISTANCE: 6070 & 6110

Markets after opening on a flat note near to their support levels but took a strong pull back towards the crucial resistance levels. Nifty future is finding strong support around 6000 and is sustaining towards higher levels. After moving in the range of 6000-6100 last week nifty needs to give a breakout above 6100 to continue its bull rally. Any closing above 6100 will confirm the bulls towards resistance of 6150 while 5990 is strong support on lower side.

TREND: SIDEWAYS

SUPPORT : 6040 & 6000
RESISTANCE: 6110 & 6150

NIFTY 25-Jan-2013
Current Market Situation :

NIFTY current close : 6075
NIFTY resistance level : 6158
NIFTY support level : 5912
NIFTY sentiment : positive
NIFTY dominant cycle period : 19 days


Levels Tomorrow :

NIFTY intraday resistance 1 : 6100
NIFTY intraday resistance 2 : 6129
NIFTY intraday resistance 3 : 6172

NIFTY intraday support 1 : 6049
NIFTY intraday support 2 : 6020
NIFTY intraday support 3 : 5977

NIFTY 28-Jan-2013
Current Market Situation :

NIFTY current close : 6075
NIFTY resistance level : 6158
NIFTY support level : 5912
NIFTY sentiment : positive
NIFTY dominant cycle period : 19 days


Levels Tomorrow :

NIFTY intraday resistance 1 : 6100
NIFTY intraday resistance 2 : 6129
NIFTY intraday resistance 3 : 6172

NIFTY intraday support 1 : 6049
NIFTY intraday support 2 : 6020
NIFTY intraday support 3 : 5978

NIFTY 29-Jan-2013
Current Market Situation :

NIFTY current close : 6050
NIFTY resistance level : 6158
NIFTY support level : 5912
NIFTY sentiment : positive
NIFTY dominant cycle period : 18 days


Levels Tomorrow :

NIFTY intraday resistance 1 : 6075
NIFTY intraday resistance 2 : 6104
NIFTY intraday resistance 3 : 6147

NIFTY intraday support 1 : 6024
NIFTY intraday support 2 : 5995
NIFTY intraday support 3 : 5953

Trend: Sideways

support : 6030 & 5990
resistance: 6120 & 6170

Nifty Trend-04/02/2013

Markets are constantly moving in the tight consolidation range and are not able to give a decisive breakout on either side. Nifty future ended the F&O Expiry week near to its major support level of 6000. It is facing resistance around 6080-6100 on a regular note and slips below towards support thereafter. Further, bearishness may be seen if it holds in the range of 6000-5970 for the coming session. While 6120 is the major resistance ahead.

TREND: SIDEWAYS

SUPPORT : 6020 & 5970
RESISTANCE: 6080 & 6120

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