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Showing posts with label Nifty Trading Startegy. Show all posts
Showing posts with label Nifty Trading Startegy. Show all posts

Saturday, 14 January 2012

Nifty Trading Strategy For Monday 16-Jan

It is recommended  to buy Nifty on every decline though I would agree that Nifty is not giving you those kinds of moves which some of the individual stock patterns are suggesting. So, there is a good chance that Nifty may consolidate but that cannot be termed as weakness at all. I would suggest buy onto every decline, every correction, that is a better phrase, and I do not see 4800 being broken. So 4840-4850 can be a good buying level and 4930 to say the least is an intraday target, possibly it can even extend to 5000 maybe in this week or maybe another week.

Tuesday, 15 November 2011

Nifty Outlook for Tomorrow 16-Nov

Nifty Outlook | Stock Market Trend | Markets Outlook - 16-Nov
Markets traded rangebound today, and slumped in the last trading hour to close with significant losses of approx 1.5%.  For short term trend Nifty trend remains bearish and traders are advised to be cautious and trade in small quantity.

For Intraday trading tomorrow, trend deciding level is at 5,080. If Nifty shows strength above this level, then rally to 5,125/5,150/5,175 may be seen. On the downside if Nifty does not show strength above 5,080 levels then profit booking till 5,030/4,975 may also be seen.

Thursday, 22 September 2011

Nifty Intraday Outlook For Tomorrow 23-Sept

It was a dreadful day for the Indian stock market which saw the biggest percentage fall for the Nifty since August 2009 and the biggest point fall for the Nifty since October 2008. Both benchmark indices witnessed panic sell-off amid the Global weakness and closed in blood red. Heavy volatility was seen in the market today.

On Nifty charts, we are observing that the index has breached the up-sloping trend line showing negativity, supported by the momentum oscillators RSI and Stochastic that have started moving downwards . For the coming session, if the major support of 4900 is broken then we can see 4870/4810/4770 as the supports. On higher levels, 4960 is the immediate resistance for it and any gains above these levels are likely to face stiff resistance at 5015/5070. Traders are advised to trade with strict stop-loss and in small quantities.

Wednesday, 14 September 2011

Nifty Intraday Outlook For Tomorrow 15-Sept

The Indian markets closed with substantial gains today after trading almost flat in the morning session. Nifty showed good strength from support near 4,900 levels and closed in green above 5,000 levels. Nifty is showing momentum strength and buying interest may be continuing above 5,030 levels. Market may take some clue for RBI policy which is to be announced on Friday therefore, volatility in second half of market is also expected to increase.

For intraday trading tomorrow, trend deciding level is at 5,030, if Nifty shows strength above 5,030 levels, then rally to 5,075-5,100-5,150 may be seen. On the other hand if Nifty does not show strength above 5,030 levels then selling pressure till 4,980-4,945-4,900 may also be seen.

Saturday, 20 August 2011

Nifty Intraday Outlook For Monday 22-Aug

It was dowdy week for Indian Stock Markets. Both benchmark indices were down 4.5% during the week. For the next week Indian market will depend on Global Markets.

Technically Nifty is oversold in its daily and weekly charts while monthly charts are showing some more downtrend. Next August F&O expiry is scheduled which will give some support to our markets. However 4,800-4,760 remains a crucial level of Nifty. For Nifty immediate resistance comes around 5,120 levels.

Ref : Nifty Trading Strategy