| Niftyon28-04-2011 | Prcl:5833.90 | Op:5851.35 | Hi:5856.40 | Lo:5776.95 | Cl:5785.45 |
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Here is your free Nifty analysis for 29-04-2011.
Nifty met with the resistance and coming down to its 200 DMA level of 5700.Nifty may rebound from this level and reach 5900 level.The resistance will be 5960 from where we may experience more selling pressure due to profit booking.
Any how if Nifty goes down below 5700 we may see 5600 and 5500 level.
| Niftyon27-04-2011 | Prcl:5868.40 | Op:5884.20 | Hi:5892.35 | Lo:5819.95 | Cl:5833.90 |
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Here is your free Nifty analysis for 28-04-2011.
Nifty is following the trend line formed from February low.If you extend the trend line it shows that supports are between 5348 to 5500.But there is good support level around 5600 and below which only we can expect this much low.Initially we can go for 5600 put .On the contrary if Nifty goes above 5924 and closes above we can expect Nifty to go above 6000.Every thing depends upon the election result in May,2011.
| Niftyon13-04-2011 | Prcl:5785.70 | Op:5747.95 | Hi:5923.60 | Lo:5735.55 | Cl:5911.50 |
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Here is your free Nifty analysis for 15-04-2011.
Nifty went up to 5923 and closed at marginally lower point at 5911.5. Today we may see Nifty going up if it holds yesterday's low which is a support point.Nifty may witness heavy selling at 5950 level and further resistance will be at 6000 level.I think it is worth while to invest in 5800 put if it is struggling to go above 5900,5920,5950.
| Niftyon8-04-2011 | Prcl:5885.70 | Op:5886.75 | Hi:5926.95 | Lo:5822.00 | Cl:5842.00 |
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Here is your free Nifty analysis for 11-04-2011.
Nifty is in correction mode .Only is every body's guess how far it will go down. Is it 5720 or 5500 or 5350 or 5250,all are being supports.Persons with deep pockets can enter in short trades to reap huge profits.
Please refer my previous post ,the falling trend line is acting as resistance .Don't positional trade even if Nifty goes above this line. Nifty has to close decisively above this trend line.
| Niftyon7-04-2011 | Prcl:5891.75 | Op:5888.55 | Hi: 5906.10 | Lo:5866.25 | Cl:5885.70 |
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Here is your free Nifty analysis for 08-04-2011.
Nifty is in correction mode.Till Nifty stays above 5500 no need to worry. Immeadiate support will be 5730 range.If it goes below 5730 only 5500 will be seen.
As of now 5730 range will be held.
| Niftyon6-4-2011 | Prcl:5910.05 | Op:5908.00 | Hi:5944.45 | Lo:5868.80 | Cl:5891.75 |
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Here is your free Nifty analysis for 07-04-2011.
Nifty went above the trend line to reach high of 5944,but closed below the trend line(9 months chart of nifty future.Similarly Nifty has formed double top near 5940. So we can expect some correction in short term. market will give some buying opportunities. This year govt is planning to disinvest in govt companies. So keep your money ready.
