Nifty short term trend is DOWNN as long as Nifty trades BLW 5000 levels. For Daily Purpose, Trend deciding level is 4902 If Nifty shows strength above 4902 levels then a rally up to 4959-4985 may be seen. If Nifty does not show strength above 4900 then selling pressure till 4860-4820 may be seen. Breakdown below 4850 levels may lead severE selling to 4800. HAVE A CUP OF TEA AND WATCH THESSE LEVLES BANKNIFTY TOOK SUP AT OUR LEVELS AND HIT BACK LIKE A DOT NOW FOR NEXT SESSEION BANK NIFTY RES AT 9080 BANK NIFTY SUPORT AY 8830 UPSIDE IF IT GOES ABV 9080 AND SUSTAIN RALLY UPTO 9200-9280 BLW 9080 FALL UPTO 8800-8700 LEVEL CAN BE SEEN NIFTY FUTR PIVOT PONT IS 4905 ABV THAT STRONG BLW WEAK
close below 4800 anytime in near term will ensure new recent lows (below 4538).. and also wipes off any retracement... Till 4800 holds, always a chance of recovery Buy ibreal at 185 tgt 220 sl 178 Buy Aptech at 165 tgt 190 sl 157 for short term 15-25 days
The market has seen a sharp recovery post afternoon getting strength from European markets that opened in the positive. The recovery has also been led by banking, metal and oil and gas stocks. Sensex is trading at 16998, up 212 points and Nifty is at 5047, up 58 points from the previous close. CNX Midcap index is up 0.91% and BSE Smallcap index is up 0.34%. The market breadth is positive with advances at 727 against declines of 533 on the NSE. if nifty goes above 5100 than mkt will come out of all range bound situation and will lead more upward till 5280-5400 shreenivas
Accumulate RNRL frm this 70 levels wth sl of 50 in all levels for short term (one month to 40 days) for a potential target of 110 (seems ur laughing...isn't it.) its a insider news from a reliable source.... choice is yours
The Markets has runned uninterruptedly to higher levels. So, a massive correction at this stage frm the top is treated as gud sign to consolidate and move further.
The indices have closed in the lower end of the intraday range as the bears persisted in selling till the end of the session. The intraday range specified for the Nifty at 4875 / 4735 was has held as the benchmark bounced of the 4738 levels, thereby validating our wavecount.
The coming session is likely to witness a range of 4805 on advances, above which the 4885 maybe possible if the short covering gains momentum. Support maybe seen at the 4680 levels on declines. The bullish pivot for the session is likely at the 4795 levels and the bearish pivot at the 4770 levels. Traders need to watch the these parameters for signs of breakout / breakdown from the previous sessions range.
The market internals indicate a higher turnover due to the selling pressure and expiry rollovers. The number of trades were lower and the average ticket size per trade was higher, indicating a selling bias. The capitalisation of the market was lower in line with a downtick session. The f&o cues show the bears ramoing up shorts on declines.
The outlook for the markets is that of cautious optimism as the bulls need to hold the Nifty above the 4800 mark.
The RSI factor is indicating that the market is oversold and may bump-up for few sessions.
Hold all your buys with nifty sl at 4610
Best buys for this week is from current levels
1. ICICI Bank
2. Jai prakash associates
3. Gillete