Nifty view April 30

Today’s trading levels for Nifty Future:

Resistance: 5230-5250-5260-5285-5313

Support: 5207-5168-5153-5132-5114-5087-5068

Today 5230 will be first hurdle for bulls. On crossover above it will take NF to 5260. On crossover above 5260 with good volumes will take NF to 5313. 5285 will be a minor hurdle. If NF manages to 5313 level too, then there will be huge short covering and probable reversal.

Now, on lower side as and when NF will break 5168, we will see panic of lifetime. Bears will kill this market. 5114-5087-5068

But after yesterday’s close, it seems that market is poised for huge rally subject to the closing above 5230 on Monday. And if NF manages to cross and close above 5313 this time then we will see 5600 very soon. Please don’t be highly bullish, trade with levels only and don’t be rigid.

Regards,

analysenifty team 

Nifty view april 27

Today, while updating this SGX nifty is trading at 5226.

Today’s trading levels for Nifty Future:

Resistance: 5233-5239-5260-5285-5313

Support: 5203-5183-5153-5132-5114-5087-5068

Today 5233-5239 will be first hurdle for bulls. On crossover above it will take NF to 5260. On crossover above 5260 with good volumes will take NF to 5313. 5285 will be a minor hurdle. If NF manages to 5313 level too, then there will be huge short covering and probable reversal.

On lower side 5203 is an immediate support. Today break below 5203 will indicate weakness of NF. If NF breaks 5203 with volumes and remains below it then it will be difficult for bulls to protect 5183. And once 5183 taken once then!!!!

Regards,

AnalyseNifty Team

Nifty view april 24

Today, while updating this SGX nifty is trading at 5228.

Today’s trading levels for Nifty Future:

Resistance: 5228-5249-5257-5278-5282-5320

Support: 5182-5132-5114-5068

Today, 5228 will be first hurdle for bulls. On their commanding position bears will not allow NF to open/sustain above 5228. On crossover/sustaining above 5228 will take NF to 5249-5257 level, which is another strong resistance. On break above 5257 will take NF to 5278-5282 level, another important resistance. 5320 is a last hope for bears to come back.

Today break below 5182 with good volumes will take NF to 5132-5114. If NF manages to break 5114 then 5068 is next level to watch.

Regards,

Analysenifty team

Nifty View april 20

Nifty update for 20th Apr' 12 4

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Hi,

Yesterday we had written: “Today if NF is not breaking 5304 and crosses 5365 then we will see huge short covering in the market which will take NF to 5402”.

NF opened at 5330.05, made low of 5312.85 and in last minutes of trade made high of 5366.15.

Today, while updating this SGX nifty is trading at 5330.

Today’s trading levels for Nifty Future:

Resistance: 5365-5402-5462

Support: 5330-5312-5306-5273-5228-5182

Today, 5330-5312-5306 is a strong support zone for bulls. Bulls have not been successful to cross 5365 since last two days. So today if NF manages to break 5306 level with volumes and remains below it then NF will go up to 5273.

On remaining below 5273 will take NF to 5228. Below it next support is 5182. If NF is not crossing 5365 today and gives close below 5300 then it will indicate short term reversal.

On upper side 5365 still remains a major hurdle. Today on crossover above it will give huge short covering which will take NF to 5402.

Today open above 5330 or open below 5330 will indicate strength of bulls and bears respectively.

Global cues and SGX nifty are indicating –ve opening. Only positive for bulls is FIIs have bought NF worth 1746 crores in last three trading sessions including yesterday’s buy of 653 crores.  NS has given breakout on upper side but follow up move is missing.

Regards,

Analysenifty team

Nifty View April18

Today, while updating this SGX nifty is trading at 5341.

Today’s trading levels for Nifty Future:

Resistance: 5330-5347-5370-5402-5462

Support: 5284-5278-5238-5182

Today again 5330 will provide resistance. On crossover above 5330 will take NF to 5347 which is a major and last hurdle for bulls. On crossover above it with huge volumes and on sustaining above it will give nonstop rally up to 5402. For safer side keep watching 5370 level. If NF manages to cross 5402 level too then expect 5462 level on your screen.

On lower side 5284-5278 are strong supports. For the good health of bulls these levels should be protected. Today if NF manages to break these levels then expect sharp panic in the market. This time if NF manages to break 5278 level and give close below it, then it will break 5182 level too.

Regards,

AnalyseNifty team

Nifty View April 16

Hi,

On Friday we had written: “Today above 5284, NF will go up to 5352. 5352 will provide good resistance”.

NF opened at 5303.90, made low of 5293 and rallied up to 5330.

For lower side we had written: “On lower side, 5284-5279-5260 are last supports for bulls. Till NF is above this support zone, there is no problem for bulls”.

Below 5279, our supports were 5201-5188 and once NF broke 5279, there was bloodbath in the market. NF made low of 5195.20 in minutes only and closed at 5221.10.

Today, while updating this SGX nifty is trading at 5180.

Today’s trading levels for Nifty Future:

Resistance: 5250-5269-5296-5330-5367

Support: 5188-5168-5125-5114-5061

Today on lower side 5188-5168 are supports. On break below 5188-5168, NF will go up to 5124-5114. Some protection should come from these levels. On break below 5114, 5061 is another support to watch.

On upper side 5250-5269 are strong resistances. It will need lots of power to cross these levels.

As expected, FIIs have bought NF worth 214 crores in such panic on Friday.

Today inflation data will be out and tomorrow much discussed RBI policy is going to be announced so expect lots of volatility in these two days.

Regards,

Analyse Nifty Team

nifty view april13

Hi,

Yesterday we had written: “On lower side, on remaining below 5267, again NF will go up to 5201”.

Yesterday just for few seconds of opening trade NF made low of 5260 else it remained well above 5267 for entire day.

For upper side we had written: “Today above 5267, 5282-5293-5303 is a strong resistance zone again. On crossover above it will lead to huge short covering”.

Apart from opening trade, NF remained above 5267, made high of 5308.40 and closed at 5290.65.

Today, while updating this SGX nifty is trading at 5333.

Today’s trading levels for Nifty Future:

Resistance: 5352-5410-5425-5456

Support: 5284-5279-5201-5188

Today above 5284, NF will go up to 5352. 5352 will provide good resistance. On crossover above it with huge volumes and remaining above it will take NF to 5410-5425. Above 5410-5425, it will increase chances of 5456.

On lower side, 5284-5279-5260 are last supports for bulls. Till NF is above this support zone, there is no problem for bulls.

There is a strong channel resistance around 5330 in NS. We have attached NS daily chart for your reference. Cross over above 5330 and close above it in NS will give huge breakout.

Regards,

analysenifty team