Nifty Trading Strategies for Tomorrow

Nifty today closed below the 14 Day simple moving average of 5,033.69 and is having a psychological support at 5,000 below it can fall towards 4,982 and 4,967 while the resistance is there at 5,068 and 5,094-5,113 levels.

The Nifty remained largely subdued today and did not violate any significant support or resistance levels. As there is a lack of discernible trend, it is better to be cautious in the short term. The technical indicators are also in the neutral territory supporting a `status quo` view. In the medium term however, we remain skewed towards weakness, which is also aided by the weak technical indicators. A test of earlier lows closer to 4,700-4,800 or lower cannot be ruled out in the event of a breakdown. Any attempt of advances by the buyers could face hurdle at around 5,200-5,250 zone.

Nifty, Bank Nifty Support & resistance levels on Monday 19 Sep

Bank  Nifty tips for tomorrow, Bank nifty support and resistance for Monday, Bank nifty tips free for 19 Sept 2011:-

Pivot Level = 9719
Support1 = 9598  Resistance1 = 9845
Support2 = 9472  Resistance2 = 9966
Support3 = 9351  Resistance3 = 10092

Nifty tips for tomorrow, nifty support and resistance for Monday, nifty tips free for 19 Sept 2011:-

Pivot Level = 5104
Support1 = 5053  Resistance1 = 5137
Support2 = 5020  Resistance2 = 5188
Support3 = 4969  Resistance3 = 5221

Nifty Trading Strategies & Share Tips for Today

Nifty showed good strength from support near 4950 levels and closed in green above 5,050 levels. Today`s Market action will depend upon RBI policy regarding interest rates and big price swings may be seen. Therefore, traders should be cautious. For daily purpose, trend deciding level is 5,075. If Nifty shows strength above 5,075 levels, then rally to 5,125/5,160/5,200/5,250 may be seen. If Nifty does not show strength above 5,075 levels then selling pressure till 5,040/4,980/4900 may also be seen.

Nifty today closed above the resistance of 5,062 and is having immediate resistance at 5,113 and above it can move towards 5,176 while the support is there at 4,995 and 4,976 levels. Investors must keep a watchful eye on the RBI`s monetary policy decision and if the rate hike is above the expected 25 bps, then we may see rate sensitive sectors taking a dip.

AXISBANK
R2                R1              PP              S1               S2
1158.13    1136.92     1101.78     1080.57      1045.43

DLF
R2                 R1              PP             S1                S2
215.2         211.7         205.85        202.35         196.5

HINDALCO
R2                 R1             PP                S1               S2
149.08       146.67       144.58          142.17      140.08

INFOSIS
R2                  R1              PP                S1             S2
2487.97       2448.93      2389.47      2350.43     2290.97

RELIANCE COMMUNICATION
R2                 R1              PP                 S1              S2
86.9            85.7           83.95             82.75           81

Nifty Updates and Trading Tips for Tomorrow 14 Sep.

Investors will keenly watch monthly inflation numbers tomorrow and data on second quarter September 2011 corporate advance tax payment due on Thursday,  Sep.15, 2011, which may provide cues on Q2 September 2011 results. Till the outcome of RBI`s monetary policy Nifty is likely to trade with a downward bias in the range of 5075-4800.

Nifty-fifty`s advance to decline ratio was 27:23 shows a mixed bag trading activity. On the sectoral front, CNX PSU Bank was down (-0.86%), CNX IT was up (0.78%).

Mahindra & Mahindra Financial Services (MMFSL)
Shares of the company declined Rs 2.5, or 0.39%, to settle at Rs 638.00. The total volume of shares traded was 2,329 at the BSE (Tuesday).

Gujarat State Fertilizers Company (GSFC)
Buy in the range between Rs 420-416 for target of Rs 432-440 and stop loss of Rs 410.

Opto Circuits (India)
Sell in the range between Rs 246-249 for target of Rs 243-240 and stop loss of Rs 252.

Buy on Punjab National Bank (PNB) with a price target of Rs 1,191.

Hold on Bank of India with a price target of Rs 304.

Hold on Union Bank of India with a price target of Rs 274.

Buy on Bank of Baroda with a price target of Rs 986.

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Nifty Trading Starategies and Share Tips for Tomorrow

The domestic as well as the global developments are not conducive to a bull trend in the market at this point of time. Bears are having full control at the moment and further downside seems likely. Short and medium term trend is bearish and all eyes are now on the RBI`s monetary policy and its stance in the coming week. Long term trend will be influenced by the policy outcome till then Nifty is likely to trade with a downward bias in the range of 5,075-4,800.

Markets made a marginal recovery in late noon deals even as heavyweights witnessed selling pressure. The NSE benchmark had touched a low of 4911.25 on negative cues from global peers in intraday deals. Nifty shed 112.65 points at 2.23 %. Nifty Futures shut stop at 4943 down by -109.50 or -2.17 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 4900 else above resistance level of 4980 it would be in an upward trend.
Resistance         Support
4980                        4900
5190                        4800
 

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Support & Resistance levels of Nifty for Monday

Today market loss near 2% each benchmark. Nifty continuous up trend, NSE benchmark nifty closed on 5059.45 down by 93.8 or 1.82% and BSE sensex closed on 16866.97 down by 298.57 points or 1.74%. Today market opened positive note and touch intraday high (Sensex) 17211.8 and (Nifty) 5163.75, and after the week European market Nifty hit an intraday low of 16,830.95 and Sensex hit the bottom at 5,046.8.
If nifty break 4950 levels that, we will go back to test the low of 4720. Nifty future closed on 5044.25 down 110.75 points or 2.15% from the previous close. Intraday high 5154.85 and day low 5042.50 for current month.

Nifty future Levels:
Resistance : 5100 and 5160 points.
Support : 5000 and 4920 points.

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Nifty Trading Starategies and Share Tips for Monday

The Nifty is currently trading below an important medium term moving average. Also, it is confirmed by medium term indicator which is also confirming this bearish possibility. Due to this, any declines could head towards the lower end of the trend channel, which is currently at 4,700. Hence, our view remains skewed towards weakness in the medium term.

Following are three weekly technical calls for 1-2 months:

Aptech:
Buy in the range of 128-130 levels for a target of 147-155 levels with a closing below stop loss of 120 levels.

Ashok Leyland:
Buy in the range of 25-27 levels for a target of 32-35 levels with a closing below stop loss of 23 levels.

IVRCL:
Buy in the range of 42-44 levels for a target of 55-60 levels with a closing below stop loss of 38 levels.

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