Bull & Bear

BOTH  R INTERSTING LONG TERM  Y OR N??

LAKSHMI OVERS (519570)

NIFTY VIEW NOV 26

GM

Today’s trading levels for Nifty Future:

Resistance: 5646-5688-5719-5753

Support: 5633-5629-5595-5582-5570-5557-5547

Today, 5646 is an important resistance for NF. On crossover above it with volumes and remaining above it will take NF to 5688. Above 5688, NF will go up to 5719. If NF manages to cross 5719 level too then next hurdle is 5753.

Today on close above 5646 will indicate reversal. Today, more higher closing above 5646, more stronger the reversal.

On lower side, 5633-5629 are supports to watch. On break below it will take NF to 5595-5582. Chances are less of breaking these levels but if NF manages to break these levels too then also there is a support zone of 5570-5557-5547.

Some suspicious selling was happened in Nifty stocks. What was it, a genuine mistake or some indication?

Regards,

Analsyenifty Team

NIFTY VIEW NOV 20

Hi,

Yesterday we had written: “Today, watch support zone of 5576-5557-5547 carefully. Chances are bright that NF will take reversal from this zone. But if NF manages to break this support zone then it will try to fill the gap of 5530-5454”.

Yesterday in panic NF made low of 5561.55 and closed at 5589.65.

Today, while updating this SGX nifty is trading at 5605.

Today’s trading levels for Nifty Future:

Resistance: 5609-5626-5651-5691

Support: 5570-5557-5547-5486

Today, 5609 is an immediate resistance for NF. On crossover above it with huge volumes and remaining above it will take NF to 5626, another strong resistance. If NF manages to cross this level too then it will go up to 5651. Here bears will be highly active and they will try their best to protect this level. If NF crosses this level too with really huge volumes and sustains above it then it will take NF to 5591, a trend reversal point.

Today NF must give closing above 5650 to have strength.

On lower side, still watch support zone of 5570-5557-5547 carefully. As mentioned yesterday so far NF has taken support on last Friday and yesterday. Now today follow up move on upper side is required for reversal. Below 5547, NF will fill the gap of 5530-5464.

If one has taken long position on yesterday, hedge it will 5600put or keep sl of 5530.

Some suspicious selling was happened in Nifty stocks. What was it, a genuine mistake or some indication?

REGARDS

ANALYSENIFTY  TEAM

Nifty view nov 19

Gm

Today, while updating this SGX nifty is trading at 5588.

Today’s trading levels for Nifty Future:

Resistance: 5629-5671-5694

Support: 5576-5557-5547-5486

Today, watch support zone of 5576-5557-5547 carefully. Chances are bright that NF will take reversal from this zone. But if NF manages to break this support zone then it will try to fill the gap of 5530-5454.

For upper side, 5629-5631 is strong resistance. Bears will try their best to protect these levels. If NF manages to cross these levels with huge volumes and remains above these levels then it will go up to 5671.

We will still maintain our view: “One can take attempt to take long position around 5576-5557-5547 support zone”.  

Some suspicious selling was happened in Nifty stocks. What was it, a genuine mistake or some indication?

Rgards,
Analysenifty team

Nifty view nov 2

GM

Today, while updating this SGX nifty is trading at 5704.

Today’s trading levels for Nifty Future:

Resistance: 5702-5735-5763-5795

Support: 5675-5666-5608-5586-5570

Today, 5702 will be an immediate resistance for NF. If NF manages to cross this level then also 5735 is strong resistance for NF. On crossover above 5735 with huge volume and sustaining above only will take NF to 5763.

For lower side, 5675-5666 are good support for NF. Below these levels, Still 5608 is a good support for NF. On break below it will take NF to 5586-5570. Below 5570, NF will go up to 5547 which is another strong support.

On if something positive is coming on GAAR issue on today or tomorrow then only NF will cross 5700, even 5856. If something is wrong in GAAR issue then bears will kill this market.

Regards,

ANALYSENIFTY TEAM