Technical Overview on Nifty (23rd September '10)
Nifty witnessed an upside consolidation phase today and in the end made a closing in the red zone. The next technical resistance for nifty future seems close to the levels of 6050 to 6060. Decisive closing above this resistance zone may lead nifty future for the level of 6155 to 6180 in near run. The immediate support for nifty future seems close to the level of 5950. Closing below this support may make it slip till the levels of 5900 to 5905 in near run. For intraday trading we recommend long position in nifty future from the current levels with the stop loss around 5950 for the target of 6150 in near run.
Technical Overview on Bank Nifty (23rd September '10)
Bank Nifty Future is holding the upper levels and today made strong recovery after small corrections and in the end made closing in the green zone. Now the next technical resistance for bank nifty future seems close to the levels of 12360 to 12365. Decisive closing above this resistance zone may take it up to the level of 12500 in near run. The immediate support for bank nifty future seems close to the level of 12150. Decisive closing below this support may slip it till the levels of 12090 to 12100 in near run.
Technical Overview on Sensex (23rd September '10)
Sensex witnessed some correction from the upper levels and in the end made closing in the red zone. Now the next technical resistance for sensex seems to be in the zone of 20200 to 20250. Decisive closing above this resistance zone may further take it up till the levels of 20400 to 20425 in near run. In the downside the immediate support for sensex seems close to the level of 19790 to 19800. Closing below this support zone may make it slip till the levels of 19635 to 19640 in near run.
Nifty – Support and Resistance (6th August '10)
Nifty – Support and Resistance (6th August '10)
Nifty continued the upward rally today and made a high of 5480. Overall it was a highly volatile session. Technically market is looking well set to break the level of 5500 in near time. Decisive closing above 5500 may lead it towards the levels of 5600 to 5610 in near run. In the downside the intraday support seems to be around the levels of 5400 to 5405. Closing below this support range may make it slip till the lower levels of 5350 to 5355 in near run. For trading we already mention in our previous reports that every dip in nifty future is the buying opportunity until it close below 5350, the next targets in it seems to be at the level of 5500,5550 in near run.
Technical View on Sensex
Sensex reached close to the level of 18300, as we already mention in our previous report that it might face the next resistance in the zone of 18300 to 18350. Decisive closing above this resistance zone may head up it till the level of 18800 in near run. in the downside the immediate support for it seems to be in the levels of 18000 to 18025. After this it may get the next support close to the levels of 17820 to 17850.
Nifty continued the upward rally today and made a high of 5480. Overall it was a highly volatile session. Technically market is looking well set to break the level of 5500 in near time. Decisive closing above 5500 may lead it towards the levels of 5600 to 5610 in near run. In the downside the intraday support seems to be around the levels of 5400 to 5405. Closing below this support range may make it slip till the lower levels of 5350 to 5355 in near run. For trading we already mention in our previous reports that every dip in nifty future is the buying opportunity until it close below 5350, the next targets in it seems to be at the level of 5500,5550 in near run.
Technical View on Sensex
Sensex reached close to the level of 18300, as we already mention in our previous report that it might face the next resistance in the zone of 18300 to 18350. Decisive closing above this resistance zone may head up it till the level of 18800 in near run. in the downside the immediate support for it seems to be in the levels of 18000 to 18025. After this it may get the next support close to the levels of 17820 to 17850.
Technical View on Nifty and Sensex (3rd August '10)
Nifty – Support and Resistance (3rd August '10)
Nifty bounced from the support levels & in the end made a strong closing, as we already mention in our previous report that one may go for buy on dips in Nifty Futures until it close below 5350 for the targets of 5410,5440, today market achieved it. Now technically Nifty Futures is looking strong & have the next key resistance close to the level of 5500 to 5510. Decisive closing above this resistance range may take up it till the levels of 5600 to 5610 in near run. In the lower side the crucial short term support seems to be in the range of 5350 to 5370.
Technical View on Sensex (3rd August '10)
Sensex get the good buying support again close to the levels of 17825 to 17860 this zone be come the crucial short term support zone for the Sensex. the next key resistance zone for the Sensex seems to be at the levels of 18320 to 18350. decisive closing above this resistance zone may guide it towards the levels of 18800 to 18850 in near run.
Nifty bounced from the support levels & in the end made a strong closing, as we already mention in our previous report that one may go for buy on dips in Nifty Futures until it close below 5350 for the targets of 5410,5440, today market achieved it. Now technically Nifty Futures is looking strong & have the next key resistance close to the level of 5500 to 5510. Decisive closing above this resistance range may take up it till the levels of 5600 to 5610 in near run. In the lower side the crucial short term support seems to be in the range of 5350 to 5370.
Technical View on Sensex (3rd August '10)
Sensex get the good buying support again close to the levels of 17825 to 17860 this zone be come the crucial short term support zone for the Sensex. the next key resistance zone for the Sensex seems to be at the levels of 18320 to 18350. decisive closing above this resistance zone may guide it towards the levels of 18800 to 18850 in near run.
Technical View on Nifty (2nd August '10)
Nifty witnessed a correction today from the levels of 5400 to 5420 & in the end closed near to the level of 5370. The next support for Nifty Future seems to be at the level of 5350. Closing below this support may slip it till the lower levels of 5290 to 5300 in near run. For trading we recommend that traders should watch out the level of 5350, if it hold this level then one may go for long in nifty future for the targets of 5410, 5440 in near run. If it break the level of 5350 & sustain below it for a while then one may go for sell in it with the Stop Loss around 5375 for the targets of 5305,5260 in near run.
Technical View on Nifty and Sensex (30th July '10)
Technical View on Nifty (30th July '10)
Nifty witnessed an upside consolidation phase today. Overall it was high volatile session due to F & O expiry. Technically Nifty is still holding it's up trend & maintaining the upward rising channel on long time frame charts. In the downside it is getting the strong short term support close to the level of 5350. We recommend that traders may go for buy on dips in Nifty Future for the targets of 5450, 5500 in near run.
Technical View on Sensex (30th July '10)
Sensex was highly volatile for the whole day & in the end closed in marginal green. The immediate support for it seems to be at the level of 17850. Closing below this support may drag it till the lower levels of 17350 to 17400 in near run. Technically the overall trend of the Sensex is looking bullish & after some positive consolidation in the market we might expect fresh up rally.
Nifty and Sensex – Support and Resistance (29th July '10)
Nifty – Support and Resistance (29th July '10)
Nifty witnessed a profit booking on higher levels & in the end closed in the red zone. In the lower side it is having the crucial short term support around the level of 5350. Closing below this support may slip it till the lower levels of 5290 to 5300 in near run. Technically nifty future is still looking bullish and after some consolidation phase in the market we might expect one more upward rally in it. For intra day trading we recommend that traders may go for buy on dips in it until it close below 5350 for the targets of 5450,5500 in near term.
Technical View on Sensex (29th July '10)
Sensex witnessed a correction from the higher levels & in the end of the day closed below the level of 18000. The next support for Sensex seems to be at the level close to 17850. Closing below this support may slip it till the lower levels of 17350 to 17400 in near run.
Nifty and Sensex - Support and Resistance (28th july '10)
Nifty - Support and Resistance (28th july '10)
Nifty witnessed high volatile sessions today & in the end closed with a marginal gain. The main thing which is technically vital is that still it is holding the higher levels & rising towards the higher level of 5500. In the downside two short term support seems to be at the levels of 5400, 5350. Closing below the support of 5350 may slip it till the lower levels of 5290 to 5300 in near run. For intraday trading we already recommended in our previous reports that one may go for buy on dips in Nifty Future until it close below 5350 for the targets of 5500,5550 in near run.
Technical View on Sensex (28th July '10)
Sensex may get the next short term support close to the level 17850. Closing below this support zone may slip it till the lower levels of 17350 to 17400 in near run. Overall Sensex is looking to continue its uptrend & might make more up moves after some time consolidation.
Nifty witnessed high volatile sessions today & in the end closed with a marginal gain. The main thing which is technically vital is that still it is holding the higher levels & rising towards the higher level of 5500. In the downside two short term support seems to be at the levels of 5400, 5350. Closing below the support of 5350 may slip it till the lower levels of 5290 to 5300 in near run. For intraday trading we already recommended in our previous reports that one may go for buy on dips in Nifty Future until it close below 5350 for the targets of 5500,5550 in near run.
Technical View on Sensex (28th July '10)
Sensex may get the next short term support close to the level 17850. Closing below this support zone may slip it till the lower levels of 17350 to 17400 in near run. Overall Sensex is looking to continue its uptrend & might make more up moves after some time consolidation.
Nifty and Sensex Technical Levels for 26th July '10
Nifty Support and Resistance and Trading Levels (26th July '10)
Nifty, today hold the higher levels & in the end closed on flat notes. Still technically its is looking well set to touch the mark of 5500, 5550 in near run. In the downside nifty has the vital support zone close to the levels of 5290 to 5300, until it make decisive closing below this support zone one should focus on long side in nifty future. Technical indicator like RSI is also showing some more strength in it. So we recommend that traders should go for buy on dips in Nifty Future for the targets of 5500, 5550.
Technical View on Sensex (26th July '10)
Sensex made a closing above the higher levels of 18050 to 18100, now the next resistance for it seems to be in the range of 18300 to 18350. In the downside the immediate support for it seems to be at the levels of 17850. Closing below this support zone may slip it till the lower levels of 17350 to 17400 in near run.
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