NIFTY 31.05.2010

Today NIFTY above 5076, 5088, 5100, 5112, 5124, 5160 are RESISTANCE

and Below 5052, 5040, 5029, 5017, 5005, 4970 are SUPPORTS

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NIFTY 19.05.2010

America and European Markets are ended with 1 to 1.5% losses. SGX NIFTY is trading in negative with 90 points down. Hence we have possibilities to open Gap down. A major support is on 4966. Below the level we may have a significant down.

TODAY NIFTY
Above 5121, 5134, 5146, 5158, 5178, 5194 are Resistance and
Below 5050,  5040, 5029, 5017, 5001, 4994, 4985, 4966 are Supports.

NIFTY 14.05.2010

NIFTY above 5185, 5194, 5204, 5216, 5228, 5240 will act as Resistance and
below 5163, 5158, 5146, 5135, 5123, 5111.

It seems NTPC AND ONGC might be positive in coming sessions.

NIFTY 13.05.2010

Nifty above 5188 it have high possibility to reach 5232, 5278 levels. The support is at 5100 levels. Below 5100 there might be a good correction in short time.

Today Nifty above 5174, 5186, 5198, 5205-12, 5223, 5250 are resistance and
below 5140, 5133, 5119, 5100-5097, 5073, 5061, 5050 are good supports.

NIFTY 12.05.2010

NIFTY above 5150, 5163, 5199, 5210, 5223, 5240 are Resistance and
below 5119, 5112, 5100, 5092-89, 5068, 5050, 5030 are Supports.

The Volatility Index VIX of NIFTY is in 3 week high.

NIFTY11.05.2010

Today If NIFTY cross above 5200, the resistance are at 5210, 5221-28, 5236, 5244-49, 5253, 5260, 5282.

And below 5190, 5187, 5178, 5160, 5142, 5138, 5116, 5108 will act as Supports.

HAPPY TRADING

NIFTY 07.05.2010

Today if NIFTY cross above 5115, 5120, 5134, 5157, 5185, 5200 will be Resistance.


If breaks 5080 the downside supports will be at 5052, 5034, 5017, 4992

NIFTY 04.05.2010

Today if Nifty cross above 5237, 5244, 5252, 5263, 5280, 5291, 5301 will be resistance and
below 5210, 5202, 5187, 5178, 5160, 5137 are supports.

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Nifty This Week

Nifty will be in range between 5160 to 5430 levels. The break below or above the points will have a significant rally. Still if NIFTY cross above 5299 it will face Resistance at  5311-15, 5331, 5361, 5385, 5400 and below 5214 the supports at 5200, 5182, 5160, 5134, 5112-08.

Recommendation:

CIPLA formed a Cup and Handle Pattern in the Daily Charts. It can be bought at 345-350 for target 368, 372, 380, 400, 410 with s/l 325.

Feedback: Our Recommendation TATAMOTORS given at 21.04.2010 reached the first 3 targets.

Our next Technical Analysis Class is on 09.05.2010. Those wish to join can contact us on these numbers. 98655 12373, 99523 36881.