Here is your free Nifty analysis for 31-12-2009.
Nifty could not go above the new high made recently.The option figures show that resistance is at 5213 and support is in between 4900 and 5000. Let us see whether Nifty finishes with a new high.
Here is your free Nifty analysis for 30-12-2009
Nifty made a new yearly high at 5214 but could not stay above 5200. But it is interesting to note that it has not come below previous close.Today also if Nifty stays above 5177 ,it may reach new high.In the contrary since Nifty could stay above 5200 Nifty may come down to 5100 and 5000 level to take support.Since tomorrow will be closing of derivative contract for the month of December market will be very volatile.Weak hearts may stay away from market.
Here is your free Nifty analysis for 29-12-2009.
Nifty has beaten the resistance at 5177 and touched 5198 and closed at 5178.If Nifty stays above 5200 we may see Nifty going to 5300 and above.
Resistances are 5196,5211,5228,5255,5265,5285,5303,5350,5377.
Supports are 5159,5142,5138,5123,5108,5092,5055,5005,4995,4970,4953. I have give more points in resistances and supports since I feel Nifty being volatile due to closure of derivative contract ,it may encounter frequent ups and down.
Here is your free Nifty analysis for 24-12-2009.
Nifty was above 4990 and 5000 throughout the day and finished at 5144.60 after touching 5150.Today if Nifty goes above 5157 the trend will be up.Below 5130 Nifty may touch 5066 and below which it may come down to 5000.
Resistances are 5150,5166,5177,5183,5200,5230,5250,5273,5300.
Supports are5130,5125,5113,5005,4995,4980,4970,4955,4920,4900,4880.
Here is your free Nifty analysis for 23-12-2009.
Nifty closed at 4985 after opening at 4952 it was very volatile throughout the day.In the process it touched 4997 as high.If nifty stays above 4990 and 5000 it may go up .
Resistances are5005,5025,5035,5047,5055,5088,5100,5113,5132.
Supports are4953,4935,4921,4904,4880,4870,4850,4820,4800.
Here is your free Nifty analysis for 22-12-2009.
Nifty is not going up but coming down .Will it cut 4950 to go below? Watch the movement of Nifty .The puts of 4900 and 4800 are more as well as the 5000,5100 calls are also see more action.Lot of selling is seen in call option(call writing)This shows that market players are expecting Nifty to be resisted at 5000 and 5100.
Nifty may come down to 4942,4925 and move upward.
Below Nifty may come down to 4904,4880and 4800.
Here is your free Nifty analysis for 21-12-2009.
Nifty is in the mood of coming down. If Nifty comes down below 4966 it will go down to touch 4800 again.Below 4800 nifty may go to 4784 and 4750.On the contrary if Nifty moves above 5000 and crosses 5113 and stays above it will face resistance at 5130 region and above which Nifty will have resistance at 5177.
Here is your free Nifty analysis for 18-12-2009.
Nifty closed at the same level opening on 17-12-2009.This shows indecision again.I am having the same opinion as yesterday.
So long as Nifty stays above 5000 it may take upward journey.
Here is your free Nifty analysis for 17-12-2009.
Nifty was dancing near the yearly top and could not sustain above and took a beating to touch 5002 on 16-12-2009 .From 5002 it raised and closed at 5042 very near to the opening point of 5033.This shows indecision.From this point Nifty may take up a Christmas rally.
Resistances are 5055,5067,5078,5092,5108,5135,5150
Supports are 5020,5004,4995,4985,4945,4899,4882,4856,4800.
Here is your free Nifty analysis for 15-12-2009.
Nifty still gets resisted at top near 5177 and comes down. If nifty goes below 5100 it may get support at 5057 and below at 4995. If it closes below 4995 Nifty may get support at 4800 level.Above 5183 we may see 5200 and 5273.
Here is your free Nifty analysis for 14-12-2009.
Nifty couldnot stay above 5182. It went upto 5183 and came down and finished at 5110 level. Low level support still exists at 5057 and if Nifty goes below this level we can find Nifty at 4900 and 4800 levels.Nifty has to cross 5167 to be on upside. If Nifty goes above 5183 convincingly it may go to 5200 ,5273,5300.
Traders can sell Nifty at 5180 level with stop loss at 5183.And buy at 5067 with stop loss at 5057. All are Nifty index levels.
Here is your free Nifty analysis for 11-12-2009.
Nifty closed at 5135 after going to resistance level of 145. Nifty is getting resisted at the level of 157. Today if nifty sustains above 5084 it may reach 5177 and 5181.But remember only if Nifty goes decisively above 5145 and 5181,we may see some upside.Below 5057 we may see downside.
Here is your free Nifty analysis for 10-12-2009.
Nifty is playing below 5177 and having support at 5057 . If nifty goes above 5177 it may go to new high of this year.If nifty goes below 5057 it may again go to 4900 and below which it will touch 4800. Day traders are making money.Swing traders can buy near low with stop loss.
Here is your free Nifty analysis for 03-12-2009.
Nifty had a volatile journey on 2-12-2009.Nifty could not go up above 5181. Unless Nifty goes above 5181 there will not be upside.My yesterdays view holds today also.
Here is your free Nifty analysis for 02-11-2009.
Nifty has crossed 5087 and closed at 5122 after touching 5130.Next resistance will be 5150 and above which Nifty may go to 5177 , 5181 and face resistance. If it is closing at 5181 range it is like closing at double top. Next day Nifty may take a dip.If Nifty is able to close above 5181 then resistance will be 5200,5230,5250,5267.Below 5087 it may go to 5054,5022,5005,4995,4980,4950.
Here is your free Nifty analysis for 01-12-2009.
Nifty tends to come down from the day high. It has closed above 5000 level at 5032.Now it has closed below our earlier mentioned level of 5084 and 5087 and hence next upward level will be 5084 range. Nifty will go up above 5084.Down side it may take support of 4811.If it breaks there will be more down side.
