Nifty Trend for Today 31-07-2012

Nifty closed on a bull note at 5199. So today the first resistance for nifty is at 5225-30 level. Next resistance ranges are at 5256-61,5282-87,5305-10,,5325-30,5358-63,5398-03,5422-27,5449-54,5468-73 levels. On downside first support is at 5170-66 level.

So today above 5230 we expect the trend to continue and next resistance is at 5260 and on downside unless below 5140 we did not expect intra fall.

Positional Support for NIFTY 5181 5153 5146 5144 5102 5094 5078 and positional Resistance for NIFTY is 5224 .

Oscillator Analysis The oscillator is showing SELL signal Short Term Oscillator Analysis- and NIFTY in oversold region.

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Nifty Trend For Today- 27-07-2012

BEARS TAKES AWAY 5100 AND SEE A CLOSE BELOW 5066 AT 5043. THE NEXT SUPPORT ARE AT 5022 ANDAT 4977. ANY CLOSE BELOW 4977 WILL LEADPANIC AND WILL ALSO TERMINATE THE SHORT TERMTARGET 5600.

BUT AFTER THEN GLOBAL TRENDS TURN GREEN ANDDOW TRADING WITH 180 POINTS GREEN.SO PULL BACK EXPECTED AT FRIDAY OPENING.BUT CLOSE ABOVE 5155 NEEDED TO TERMINATE CURRENT BEARISH TREND.

CLOSE ABOVE 5288 WILL TAKE NIFTY TO 5355 AND TO 5444.SHORT TERM TARGET FOR NIFTY AS FOLLOWS,

THE LOW OF NIFTY ON 20/12/2011 IS 4531.THE HIGH OF NIFTY ON 22/02/2012 IS 5628.
THE TOTAL RALLY IS 1097. 







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Nifty Trend for Today- 26-july-2012

Nifty: The Nifty is likely to open flat on the back of flattish Asian cues. It is likely
to trade in the range of 5080-5160. The trading strategy would be to create long
positions if the Nifty takes support at around 5090 levels for targets of 5125 and
5145. On the other hand, one can also create short positions if it resists at
 around 5160 levels.

Bank Nifty: The Bank Nifty is likely to trade in the range of 10200-10550.

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Nifty breaking below 5150 is worrying

Nifty has a fair chance of holding 5,150 only if Bank Nifty holds 10,350.

Nifty breaking below the crucial level of 5,150 is a matter of concern because the next support for Nifty is at 5,050.According to rollover data, the entire strength of Nifty is lying on Bank Nifty currently. T

he Bank Nifty can easily outperform Nifty from here on.Nifty has a fair chance of holding 5,150 only if Bank Nifty holds 10,350." I would prefer going long on bank Nifty and shorting Nifty from the current levels.Meanwhile, from the auto pack, I expects Bajaj Auto to outperform peers. "Around Rs 1,575-1,580 one should accumulate Bajaj Auto for a minimum trading target of Rs 1,625 on the upside and keep a strict stop loss of Rs 1,550.