NIFTY TODAY: EPISODE 249

                                           NIFTY TREND FOR 22-03-2013



MAJOR RESISTANCE LEVELS: 5722-5794-5835
MAJOR SUPPORT LEVELS       : 5626-5585-5515



Indian markets traded in positive range till noon. After that, it came to negative zone. Nifty lost 36 points on Thursday. RELINFRA and JPASSOCIAT were the NSE top losers which decreased more than 6%. But, BHARTIAIRTEL could gain 6.05% yesterday.



Nifty (closing): 5658.75


Nifty closed in neutral zone. It may move any side. So, long and short positions should be taken carefully. Nifty may get good support at 5625-5640 range.


MACD and Stochastic show negative trend. RSI indicates neutral trend. Middle Bollinger Band is at 5811 and Lower Bollinger Band at 5641.


All the major global indices closed in red last day. Brent Crude prices decreased remarkably. Rupees got strength against Dollar slightly.


India VIX closed at 16.51 with 0.90% decrease.


GOOD LUCK......................

NIFTY TODAY: EPISODE 248

                                          NIFTY TREND FOR 21-03-2013

MAJOR RESISTANCE LEVELS: 5726-5767-5792

MAJOR SUPPORT LEVELS       : 5677-5651-5613

Indian markets closed with loss yesterday due to instability in central government. DMK, one of the ruling alliance party withdrew it's support to UPA government. Nifty lost 52 points (0.90%) on Wednesday. RELINFRA was the biggest loser in NSE and it lost a remarkable rate at 8.91%. But, HINDUNLVR increased 3.58% .

Nifty (closing): 5694.40

Nifty closed at a neutral status yesterday. There is chance for buying as the part of correction. Anyway, Nifty may get good support at 5660-5675 level.

MACD and Stochastic show bearish trend, while, RSI depicts neutral trend. Nifty came close to Lower Bollinger Band level, 5663 last day. Middle Bollinger Band is at 5821.

Global markets showed a positive trend last day except Indian markets and FTSE 100 ( it closed with slight loss). Brent Crude prices decreased. Rupees closed steadily against Dollars. 

India VIX closed at 16.66 with trivial loss of 0.30%.

GOOD LUCK...........

NIFTY TODAY: EPISODE 247

                                           NIFTY TREND FOR 20-03-2013

MAJOR RESISTANCE LEVELS: 5826-5915-5969

MAJOR SUPPORT LEVELS       : 5702-5645-5559

Indian markets showed a blood bath yesterday. Nifty lost 89 points (1.53%) on Tuesday. BHEL was the NSE top loser which lost 5.06% last day.

Nifty (closing): 5745.95

Nifty closed at neutral zone yesterday. Both long and short positions should be taken very carefully. Most probably, there is a chance for positive closing today.

MACD turned from bullish to neutral trend. RSI also reveals neutral trend. Stochastic indicates bearish trend. Upper Bollinger Band is at 5987, Middle Bollinger Band at 5832 and Lower Bollinger Band is at 5677.

US markets closed in positive zone on Tuesday. European and Asian markets closed in mixed trend. Brent Crude prices decreased remarkably. Rupees lost strength against Dollars.

India VIX closed at 16.71 with 5.43% increase.

GOOD LUCK.....................

NIFTY TODAY: EPISODE 246

                                             NIFTY TREND FOR 19-03-2013

MAJOR RESISTANCE LEVELS: 5846-5866-5885

MAJOR SUPPORT LEVELS       : 5826-5804-5787

Indian markets traded in negative zone all the trading hours last day. Nifty lost 37 points on Monday. COALINDIA was the NSE top loser which decreased 5.72%.

Nifty (closing): 5835.25

Nifty closed yesterday at a neutral zone. Both long and short positions should be taken very carefully today.

When MACD indicates a bullish market, Stochastic depicts a bearish market. RSI shows a neutral trend for Nifty. Upper Bollinger Band is at 5999 and Middle Bollinger Band at 5841. Nifty closed below it's Middle Bollinger Band level last day.

Brent Crude prices decreased. Rupees lost strength against Dollars yesterday. European and US markets closed in red last trading session. But, Asian markets opened and is trading in green right now.

India VIX closed at 15.85 with 4.55% increase.

GOOD LUCK........................

NIFTY TODAY: EPISODE 245

                                       NIFTY TREND FOR 18-03-2013

MAJOR RESISTANCE LEVELS: 5919-5975-6007

MAJOR SUPPORT LEVELS       : 5850-5815-5762

Nifty lost 36 points (0.62%) on Friday. But, PHARMA stocks gained in their prices.

Nifty (closing): 5872.60

Nifty is making irregular movements these days. Both long and short positions should be taken very carefully.

MACD indicates a bullish trend, while RSI and Stochastic charts show a neutral trend for Nifty. Upper Bollinger Band is at 6004 and Middle Bollinger at 5846.

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Asian markets showed a mixed trend on Friday. But, European and US markets closed in red last trading session. Brent Crude prices increased. Rupees could not get strength against Dollars.

India VIX closed at 15.16 with 3.41% increase.

GOOD LUCK.............

INTRADAY TIP

BUY NIFTY FUTURES @ CMP 5933

TARGETS: 5955-5989-5-6023

STOP LOSS: 5901

NIFTY TODAY: EPISODE 244

                                              NIFTY TODAY: EPISODE 244

MAJOR RESISTANCE LEVELS: 5851-5999-6081

MAJOR SUPPORT LEVELS       : 5835-5752-5707

Indian markets closed with gains yesterday. Nifty gained 58 points ( 0.99%) on Thursday.

Nifty (closing): 5908395

Nifty closed at a neutral zone last day. It may move at any direction. But, it will be in green at opening. Both long and short positions should be taken carefully.

MACD indicates bullish trend. RSI and Stochastic depict a neutral trend. Upper Bollinger Band is at 6008 and Middle Bollinger Band at 5850.

Asian and European markets closed positively last day. Asian markets are trading with gains right now. Brent Crude prices increased slightly. Rupees lost it's strength against Dollars.

India VIX closed at 14.66 with 1.54 point (9.51%) gain.

GOOD LUCK.................