Mondy - Nifty may find support at 5600

nifty SAR for Monday is placed around 5600

nifty likely to be volatile

nifty may find support around 5300. bearish below 5300, bullish above 5400.

nifty future outlook

Nifty future's projected high and low for next session is 6064 and 5905. Immediate resistance now comes at 6005 and only if sustains above 6005 on next session opening bell will try to check 6060-6084 on the upside. Big support band exists at 5976-5966-5943 and if no bounce emerges in the band we may even see 5916-5827 in the coming sessions. We still feel Nifty future is going to consolidate between a broder range of 5950-6350 for some time.

Nifty at a premium of nearly 3%

Nifty is currently trading at a premium of nearly 3% at 6121. This means either today or tomorrow it will correct at least as much or more. It will close below 6K in the next 2 days if the premium pricing is still working. With expiry coming close, volatility will rise. Global markets will contribute to the downside move.
If you think one day 100 point crash is going to end with just one day, you may be wrong. It is better to play safe.

Continue shorting on every rally for now as the trend is clearly down.

nifty outlook

nifty future may find support around 6000 / 5980 and rebound. In case 5980 is breached, next weekly support is expected around 5900. niftychart

nifty future levels

Nifty future traded in a very narrow range between 6295-6332 levels. Nifty future may continue to remain in the range of 6350-6250 range until it breaks on either side. Support for nifty future is at 6260/6225 levels and resistance is at 6355/6395 levels.

nifty future,s levels

Nifty future's projected high and low for next session is 6383 and 6298 (use this projection with other indicators). Immediate resistance now comes at 6349 and crossover above 6350 may move some more towards 6375-6395. Immediate supports in now comes near 6342-6334 and then at 6317. Only bulls need to be worried if price sustains below 6317.

nifty weekly outlook

this week nifty likely to trade in a range 5980 - 6250.

nifty outlook

nifty may find resistance at 5688 / 5710.

Nifty may trade in range of 2,700-2,930 next week

The markets moved on expected lines last week with the Nifty exhibiting weakness below the 2,835-mark. The index hit a low of 2,702, and finally closed with a loss of 45 points at 2,828, despite a good quarterly performance by IT giant Infosys and decent gains recorded by blue-chip Reliance.
The bollinger bands have now expanded to a broader range of 2,700-3,175. Although, the markets may move up early next week, but chances of a continued uptrend remain bleak. For any sustainable rally, the index needs to comprehensively break above the 3,150-mark. The 2,700-level will act as an immediate support level for the index.
This week, the index may see rangebound trading with support around 2,725, and resistance around 2,930-2,960. In case, the index sustains itself above 2,960, then it may re-test the 3,150-mark.
The Sensex moved in a range of 466 points, from a high of 9,341 to a low of 8,947, before settling with a loss of 83 points.
Among the index stocks — Infosys, Reliance, Reliance Infrastructure, Mahindra & Mahindra and Tata Power gained 3-6 per cent each. On the other hand, Tata Power declined by 10 per cent to Rs 218. HDFC Bank, ICICI Bank, TCS, Tata Motors, Grasim, Wipro, HDFC, Hindalco, Tata Steel, Hindustan Unilever and Sterlite shed 5-8 per cent each.
The Sensex has given a sell signal on the monthly charts and, hence, is likely to face stiff resistance on the upside. Key resistance for the index would be around 9,600-9,650, above which the index may spurt to 10,025. On the downside, the index is likely to test 8,600 in the coming days.

nifty may spurt upto 2958

Nifty too trudged sideways between 2550 and 2850 last week. A spurt in the early part of next week will take the index up to 2958 or to the 50-day moving average at 3150. A reversal below the first resistance would provide the opportunity to initiate fresh shorts in the index.
However, if the Nifty declines below 2500, it would imply that the down move from the 3240 peak has resumed and the downward targets in this case are at 2365 and 2083. The preferred view is that the index moves sideways between 2500 and 3500 over the medium-term.

Nifty support at 2628 below 2860

Nifty reversed from the peak at 3240 on Wednesday and closed the week with an 87 points gain. Our medium-term resistance level was tested very fleetingly and it remains the key level to watch out for. However, the fact that the index is holding above the 2860 in the recent pull-back is a positive for the short-term and if this level holds, Nifty can rally once more to 3240 or even 3471. Support below 2860 would be at 2628. The near-term view will turn overtly negative only on a penetration of this level.
Though the short-term view is positive, the medium-term view is neutral. The zone between 3175 and 3250 will try to thwart any up-move. However, if this level is surpassed, there can be a surge to 3470 or 3740.

Nifty may find support at 2860/2800/2750 and face resistance at 3100/3250

Following weak global cues, Indian markets traded flat with downward bias. Nifty went to a low of 2,860 but bounced from there. During the post noon session, positive Asian cues resulted in a rally developing in Indian markets. Nifty went to high of 3,010 and closed at 2,973. Good buying was seen in beaten down Metals, Oil & Gas and Power sectors. Suzlon, Nalco, Power Grid, Reliance Infra were among heavyweight gainers. Selling was seen in Tata Comm, Siemens, ABB, M&M.``
Nifty has support at 2,940/2,860,( on breaking 2860 2800/2750 ), on upside resistance can be at 3,000/3,050/3150/3250 levels. Traders are advised strict stop-losses. Investors can use the opportunity to create folio for long term.``

Nifty - volatile swings ahead

Nifty declined below the 3800 level on Monday and recorded a trough at 3198.9 on Friday, way below our outermost medium-term target. Though we were anticipating a decline, the swiftness definitely took us by surprise. The supports on the long-term charts for the Nifty are now at 2940 (61.8 per cent retracement of the up-move from 2001) and then at 2595 (June 2006 trough). The medium term outlook will turn positive only on a weekly close above 3800.
Near term resistances would be at 3530 and 3610. Reversal below these levels will indicate further weakness. Subsequent resistance is at 3879.

nifty weekly outlook

Nifty recorded an intra-week low at 3715 on Tuesday. But there was a sharp rebound from here and the index closed the week within our medium-term range between 3800 and 4500.
Technical indicators, however, signal that this support could be breached in the short-term and the index could decline to 3715 or 3636 in the week ahead. Failure to move above 4070 in the early part of the week will fortify this assumption.
The medium-term view too is currently negative and the target of the move from 4649 gives us the downward targets at 3778 and then 3454. If the down move continues next week, the second target would be in reckoning.

Nifty - target beyond 4350 is 4558

It was an action packed week for the Nifty as well. It declined to an intra-week trough at 3799 before rallying smartly to close with 16 points weekly gain. For the medium-term, the index can move higher to 4330, 4658 or 4986. The previous peak at 4649 and the 200-day moving average at 4908 will be other medium-term resistance levels.
The long-term trend continues to be down and this view will be mitigated on a strong close above 4900.
For the short-term, Nifty would face resistance from the zone between 4300 and 4350. A reversal from here will drag the index towards 3800 again. Interim supports are at 4090 and 3980. Target beyond 4350 is 4558.