Ad Free CAclubindia and Daily Updates on your Mobile. Subscribe Now!

Technical View and Tips on NSE - Nifty

Jyoti (MD) (90 Points)

31 May 2010

Nifty closed with the modest gain and in the end holding the level of 5000. The next crucial resistance zone seems to be around the levels of 5100 to 5110. Closing above this resistance zone may take up it till the higher levels of 5175 to 5180 in short term. We recommend that still nifty future is in the down trend so one could go for sell on rise in it until it made closing above 5110. In the downside we might expect the lower levels of 4900 to 4905.

Reply
Follow
Share

22 Replies

Jyoti (MD) (90 Points)
Replied 01 June 2010

Nifty witnessed the huge correction today and made the closing below 4950. As we had already mentioned in our previous report that one could go for sell on rise in nifty future until it made closing above 5110. Now the nifty could witness more strong correction from the current levels. We recommend short position in nifty future for the targets of 4700. In the upside 5100 to 5110 is the resistance zone for nifty future in short term.

source: Daily Nifty Trend

Upgrade to CAclubindia Pro. Subscribe Now!

Jyoti (MD) (90 Points)
Replied 04 June 2010

Nifty witnessed the yet another positive session & contniue the upside recovery. Today it managed to break the resistance zone of 5100 to 5110 & also made the closing above it. Now this upside momentum could be continue and one could expect the higher levels of 5200 to 5205 in near term. We recommend long position in nifty future from the current levels for the target of 5200 with Stop Loss around 5060.

M. N. JHA (CA) (8316 Points)
Replied 05 June 2010

Originally posted by : Jyoti
	Nifty witnessed the yet another positive session & contniue the upside recovery. Today it managed to break the resistance zone of 5100 to 5110 & also made the closing above it. Now this upside momentum could be continue and one could expect the higher levels of 5200 to 5205 in near term. We recommend long position in nifty future from the current levels for the target of 5200 with Stop Loss around 5060.

GO SHORT IN NIFTY TGT. 5060-5035 AND SL-5180.

1 Like

M. N. JHA (CA) (8316 Points)
Replied 06 June 2010

Go short in sterlite tgt. 630 and sl. 655.

M. N. JHA (CA) (8316 Points)
Replied 06 June 2010

Go short in LICHSGFIN tgt.-951 and sl-982

Upgrade to CAclubindia Pro. Subscribe Now!

M. N. JHA (CA) (8316 Points)
Replied 07 June 2010

Yahoo!.......

Jyoti (MD) (90 Points)
Replied 07 June 2010

for June 08 2010

Nifty made the closing today above 5000 with the negative biased. Today it made the gap down opening & after it just witnessed the range bound movemnt. We are technically still expecting that market may witness more correction from the current levels. In the downside 4660 to 4700 is looking the key support base for nifty future. We recommend that traders could initiate shorts position in nifty future below 4980 for the targets of 4900 to 4905 for intra day trading.

Jyoti (MD) (90 Points)
Replied 08 June 2010

For June 09 2010

Nifty witnessed overall the downside consolidation phase for the first half & in the second half of trading it witnessed some sharp correction. Technically the next support for the nifty future seems to be around the level of 4850. Closing below this support may drag it the nifty future till the lower levels of 4700 to 4710 in near term. We had already recommended that one could go for sell on rise in nifty future. For tomorrow intra day trading traders could initiate the shorts position below the level of 4930 for the targets of 4865 to 4870.

M. N. JHA (CA) (8316 Points)
Replied 09 June 2010

Buy nifty tgt-5055 and sl-4965. And buy RELCAPITAL tgt-673 with sl-653, buy yesbank tgt-290 with sl-278, buy tatamotor tgt-749 with sl-729, buy hindalco tgt-137 with sl-130....... (Note: this is my pesonal thinking, and u should trade with ur self thinking.) - Thanks

M. N. JHA (CA) (8316 Points)
Replied 09 June 2010

Originally posted by : Jai Kishan
	Buy nifty tgt-5055 and sl-4965. And buy RELCAPITAL tgt-673 with sl-653, buy yesbank tgt-290 with sl-278, buy tatamotor tgt-749 with sl-729, buy hindalco tgt-137 with sl-130....... (Note: this is my pesonal thinking, and u should trade with ur self thinking.) - Thanks

Yahoo!.... Target achived. But yesbank unable to achive tgt. Opps¥ Tatamotor sl triger. - Thanks

Upgrade to CAclubindia Pro. Subscribe Now!

Jyoti (MD) (90 Points)
Replied 09 June 2010

Nifty is still not sustaining at higher levels & after every rally it witnessing the profit booking. In the downside still we are expecting more correction from the current levels. We recommend that one could go for sell on rise in nifty future until it made closing above 5200. In the downside 4900 to 4930 is looking the good support base. Closing below this support zone may slide the nifty future till the lower levels of 4700 to 4710 in short term.

Jyoti (MD) (90 Points)
Replied 11 June 2010

for Next Week (June 13 to 19, 2010)

Nifty still not crossing the key short term resistance zone of 5200 to 5220, closing above this resistance zone may consider as the indication of trend reversal & we could expect more bounce fom there. As per the current trend of nifty future we could expect that it could hold the trading range of 5000 to 5200 for few trading sessions. We recommend that traders should watch out the level of 5200, if it does not crosses this level one could short for the target of 5000 to 5005 in near term.

Jyoti (MD) (90 Points)
Replied 14 June 2010

Nifty continue the upward rally today & in the end managed to close above 5200 mark. Technically now it is looking that 5250 would be next hurdle for it. Closing above this resistance may take up it till the higher levels of 5315 to 5325 in near term.in the nifty future. We recommend that traders could hold long position for the targets of 5320 to 5325. Those who like to initiate the long position could do above 5250.

Jyoti (MD) (90 Points)
Replied 16 June 2010

Nifty has yet another positive session and in the managed to close with the modest gain. Overall it was the upside consolidation day for the market. In the upside as we had already mentioned in our reports that 5250 is the crucial resistance. Closing above 5250 could take up the nifty future till the higher levels of 5320 to 5325 in near term. We recommend that traders could initiate longs in nifty future above 5250. If it does not surpass this level then one could go for short in nifty future for the target of 5150 in short term.

visit: Intraday Stock Tips

For Free Stocks and Commodity Market Tips