Spot nifty shows some correction in this week

[mitraji]

Re: Intraday nifty tips

(3RD AUGUST)In the opening trade nifty jumped above 5450. The nifty market breadth is positive till now. Today at the downside nifty levels, support for nifty should be 5415 and resistance level for upside nifty at the level of 5460-5470. Some buying can be seen on lower levels of nifty. Today in the nifty market traders can book profit at the nifty level of 5470.

 

[mitraji]

Crucial support for nifty today 5350

Today Indian nifty market is traded in negative bias. It is maintaining range bound and traded in narrow range and Nifty is looking marginally under pressure and traded normally. Today at the upside nifty resistance would be 5450-5470 and at the downside nifty can be touched in between the level of 5370-5350. It is recommend to traders to hold existing long positions with target of 5475-5480 and stop loss of 5395.

 

[mitraji]

Re: Intraday nifty tips

(5TH- AUGUST-2010)Good buying can be seen across all sectors for today's market. Today the realty and banking sectors are showing good buying interest in overall market. stock market smallcap index and midcap index are trading up today. The positive bias market range bound movement is continuous. At the upside nifty resistance level for today 5530 and at the downside nifty support level for can be seen at 5420.

 

[mitraji]

Nifty trading tips for 9th august

The stock market is trading flat today and opens with the positive bias.From the fourth week market is in consolidating mode. There is buying in smallcap and midcap with autos and select realty stocks leading the gains in today's stock market. Today nifty has strong support of 5425 and resistance at 5480. It is recommend to hold existing long position with nifty with the stop loss of 5420.

 

[mitraji]

NIFTY WITNESSED THE CORRECTION FROM THE UPPER
LEVELS AND MADE THE CLOSING BELOW THE LEVEL OF
5400. NOW THE NEXT SUPPORT FOR NIFTY SEEMS TO BE
AT THE LEVELS OF 5350 TO 5355. DECISIVE CLOSING
BELOW THIS SUPPORT MAY SLIP IT TILL THE LOWER LEVELS
OF 5225 TO 5230 IN NEAR RUN AND THERE MIGHT BE THE
SHORT TERM TREND REVERSAL IN THE MARKET. IN THE
UPSIDE 5350 IS THE KEY RESISTANCE POINT, CLOSING
ABOVE THIS RESISTANCE MAY FURTHER HEAD THE NIFTY
FOR THE LEVEL OF 5700.


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