Nifty view may30

Hi,

Yesterday we had written: “Today on crossover above yesterday’s high, 5002 will be first hurdle for the day. On crossover above it will take NF to another supply zone of 5035-5046-5062”.

Yesterday NF had taken few attempts to cross 5002 but could not sustain above it. NF made multiple high around 5008 and in last few minutes crashed up to 4974.

Today, while updating this SGX nifty is trading at 4944.

Today’s trading levels for Nifty Future:

Resistance: 5008-5035-5046-5062-5097

Support: 4959-4930-4897-4839

Today, 4959 will be first support for the NF. On opening/remaining below 4959 will take NF up to 4930. To keep this uptrend intact, NF should be protected around this level. On break below 4930 will take it to 4897. Break below 4897 with volumes will give panic in the market which will take NF to 4839.

For the good health of bulls, 4930 level should be protected else it will lead to basket selling in the market.

On upper side above 5008, still 5035-5046-5062 will be a huge supply zone. Crossover above 5062 with volumes will take NF to higher levels.

Regards,

Analysenifty team

NIFY VIEW MAY 29

Today, while updating this SGX nifty is trading at 4989.

Today’s trading levels for Nifty Future:

Resistance: 4988-5002-5035-5046-5062-5097

Support: 4959-4937-4913-4885-4834

Today on crossover above yesterday’s high, 5002 will be first hurdle for the day. On crossover above it will take NF to another supply zone of 5035-5046-5062. On crossover this zone will lead to huge short covering in the market.

On lower side 4959 is an immediate support. On break below it will take NF to 4937. To keep this trend up 4937 should be protected. On break below it with huge volumes will take NF to 4885. 4913 may also provide support during this so one has to be alert around this level.

Regards,

ANALYSENIFTY TEAM

Nifty view may 25

Hi,

Today, while updating this SGX nifty is trading at 4902.

Today’s trading levels for Nifty Future:

Resistance: 4935-4954-4983-5035

Support: 4884-4876-4854-4818-4782-4767

Today, 4935-4954 are immediate and strong resistances for bulls. To continue this down trend started from 5302, these levels should be protected. Bears will be highly active around this zone. On crossover and sustaining above 4954 will take NF to 4983. 5035 is another level from where we can see supply.

On lower side, 4884-4876 are strong supports. Bulls will give their best to protect these levels. If NF is not crossing 4935-4954 and break these levels with volumes then expect serious panic in the market. Below 4876, if bulls could not protect NF around 4854 then we may see NF going below 4767 level too.

Yesterday FII’s have sold NF worth 600 crores; will total sell of 1473 crores in last two days. .

Regards,

analysenifty team

HPCL

HPCL  ABOVE 318 CLOSING TGT 330,340,345  SL 305
CUP WITH HANDLE

Nifty view may 23

 gm

Today, 4830 will be first support for bears to break. On break below 4830 NF will go up to 4810. First bulls will try to protect 4830 level, if not managing to protect 4830 then they will give their best to protect 4810 level.

If NF manages to break 4810 and sustains below it then chances are bright that NF will break 4767 level too.

On upper side 4864 will be first hurdle for bulls. On cross over above 4864, NF will go to strong resistance zone of 4885-4894-4913. On crossover above 4913, NF will go up to 4935-4970.

If NF is not breaking 4810 and cross/sustains above 4913 then it will increase chances of 5003.

We have attached NF and NS weekly chart for your reference. Just see what will happen if NF and NS gives weekly closing below 4800

 

Analysenifty team 

Nifty view May 22

Hi,

Yesterday we had written: “Today one has to watch 4881 level very carefully. Open/sustain below 4881 will indicate weakness and open/sustain above 4881 will indicate strength of the market. On break below 4881, NF will go up to 4871. Chances are less but if NF manages to break 4871 then it will go up to 4837, another strong support. 4802 is last hope for bulls”.

NF opened at 4896.65 (remained above 4881) and given rally up to 4931.95. In last few minutes given panic selling and made day low of 4882.40 but could not break 4881.

Today, while updating this SGX nifty is trading at 4934.

Today’s trading levels for Nifty Future:

Resistance: 4911-4954-4976-5003-5035-5046

Support: 4888-4850-4808-4767

Today on crossover above 4911 with huge volumes will take NF to 4954-4976. On break above 4954-4976 will give rally up to 5003. 5035-5046 is another resistance zone from where supply may come. Also we have attached NF hourly chart in which there is a channel resistance which comes around 4960-4970 so one has to watch it carefully.

Now on lower side 4880 and 4850 are strong supports which are likely to held. If something is really bad then only NF will break 4850, so till NF is above 4850 there is no problem for bulls.

Regards,

analysenifty team 

Nifty view May 21

Gm

Today, while updating this SGX nifty is trading at 4885.

Today’s trading levels for Nifty Future:

Resistance: 4909-4917-4954-5003-5035-5046

Support: 4881-4871-4837-4802-4767

Today one has to watch 4881 level very carefully. Open/sustain below 4881 will indicate weakness and open/sustain above 4881 will indicate strength of the market. On break below 4881, NF will go up to 4871. Chances are less but if NF manages to break 4871 then it will go up to 4837, another strong support. 4802 is last hope for bulls.

On sustain above 4881, NF will go up to 4909-4917, a supply area. On crossover above 4917 will lead to huge short covering in the market which will take NF to 4954. Above 4954, it will increase chances of 5003.

Regards,

Analysenifty team