Where Will Nifty Go ?

Posted: Feb 16, 2011 |Comments: 0 |

Nifty Futures Market turned to sidelines after three consecutive bullish trading sessions which pushed the market up 4.6 %. The S&P CNX NIFTY closed at 5481.70, up 0.70 points or 0.01 %. The Indian VIX which is currently at 23.05 and it was up by 0.88 % or 0.20 points indicates that the market will continue to volatile in the short term. NIFTY Futures closed at 5494, up by 17.90 points or 0.33 %. It is looking bullish in the coming trading session if it manages to break the resistance level of 5566 else below 5450 it would be in a bearish trend.
RESISTANCE: It has first resistance close to the level of 5566 & above this level the next resistance is seen near the 5625 mark.
SUPPORT: It has first support close to the level of 5450 & below this level the next support is seen near 5400 mark.

One may go for long in Nifty Futures for Long term. A right time to invest in nifty futures.

Bank Nifty Futures

Bank Nifty Futures closed at 10966.25, up 30.25 points or 0.28 %.In banking sector index scrip South India Bank and Axis Bank lead the row. Dhanlaxmi Bank and City Union Bank gained 4.62 % or 1.15 % respectively. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11040 else below 10690 it would be in a downward trend. RESISTANCE: It has first resistance close to the level of 11040 & above this level the next resistance is seen near the 11265 mark. SUPPORT: It has first support close to the level of 10690 & below this level the next support is seen near 10480 marks. Nifty Tips Intraday

Questions and Answers

Ask
200 Characters left
Rate this Article
  • 1
  • 2
  • 3
  • 4
  • 5
  • 0 vote(s)
    Feedback
    Print
    Re-Publish
    Source:  http://www.articlesbase.com/day-trading-articles/where-will-nifty-go-4245888.html

    Article Tags:

    where will nifty go

    ,

    nifty tips

    ,

    nifty intraday tips

    ,

    nifty news latest

    Pankaj KS

    The stock market trading experience says loss leads the way to trading success just like learning to walk make us run later in life. The intraday trading in stock market involves risk & the stock broker firms are increasingly coming forward to help investors earn maximum profits through intraday tips. In addition to intraday tips, the stock broker firms also provide company analysis reports & intraday news to investors.

    By: Pankaj KSl Finance> Investingl Dec 21, 2009 lViews: 195

    Trade4taget.com would like to guide you in investing properly in Indian stock market.

    By: gauravbsl Business> Business Opportunitiesl Jun 23, 2011

    Get the best Option Tips with Jackpot calls. We provides the best Intraday Option Tips, Future Tips, nifty option trading tips, share market tips to earn you only profits.

    By: Ricardo Bradleyl Finance> Investingl Oct 22, 2010

    DreamGains Financials India Private Limited, a trusted name in the financial services arena, provides you with the entire gamut of financial advisory services under one roof. This organization has been formed with an aim to explore the potential of the index based future trading. We provide recommendations for Stock Cash, Stock Futures, Nifty Futures, Commodities, F & O traded in NSE.

    By: DreamGainsl Finance> Bankingl Jul 27, 2009 lViews: 211

    At present, the market breadth indicating the overall health is positive with 1,419 stocks advancing, 1,146 shares declining and 81 stocks are left unchanged. Further, the overall market breadth is positive as 9 out of the 13 sectoral indices are trading higher.

    By: Free Mcx tips Triall Finance> Investingl Mar 04, 2011

    Nifty Option Tips - India's first ever integrated stock and Commodity Tips advisor with multi-bagger tips like Copper Tips, MCX Tips, Trading Tips, Call Put Tips. Nifty Tips,Intraday Tips, Shares Tips - Stock and Commodity Tips. - Trading Tips

    By: biztradel Finance> Investingl Jan 18, 2011

    The growing Indian market is attracting investors on the ground of the promising and assured return. The online trading is very popular these days and most of the people prefer it for quick money.

    By: Capitalaiml Finance> Day Tradingl May 26, 2012

    Learn the fundamentals of committing cash in Stocks, Ties, Common resources, Merchandise, Actual estate We create Getting Inventory Industry straightforward for you with a comprehensive guide to committing. Any effective stock market buyer must be acquainted with the fundamentals of stock market committing.

    By: wellindiaarticlel Finance> Day Tradingl May 24, 2012

    Online share trading is one of the most popular financial markets in the world today; however, any people are hesitant in starting due to not knowing a lot about it. This article will help explain what online share trading is all about, how you can get involved for a low initial investment and what to consider before, during and after trading.

    By: Tom Robertsl Finance> Day Tradingl May 23, 2012

    The stock market is mostly used to create money. . I am sharing my investment strategy as a retail investor. Most financial experts recommend investors to initially contact a financial advisor. Able to provide advice, it can ensure that the money an investor get a good return or not.

    By: Deeptil Finance> Day Tradingl May 18, 2012

    This article has discussed about the importance of Stop orders. Stop orders act like the life jackets

    By: manasal Finance> Day Tradingl May 18, 2012
    Vijay Dongre

    Picking a right stock in this highly volatile market is very tough. Having understood all the basics of the stock market and the risk involved, now we will go into stock picking and how to pick the right stock. Before picking the right stock you need to do some analysis.

    By: Vijay Dongrel Finance> Investingl Apr 28, 2011
    Vijay Dongre

    Trading In MCX Commodity has never been so easy. Its a tough market to predict as It depends upon the global market which is versatile in nature. A better way to get into the Commodity market is to get MCX tips from some renowned advisory or tips providing MCX commodity Calls with consistent accuracy.

    By: Vijay Dongrel Finance> Investingl Feb 26, 2011
    Vijay Dongre

    A free Source Of Getting Commodity trading advice, Commodity alerts and MCX Metal News. All the base metalsare trading higher amid weakness in dollar. Prices may further seek support from positive data from US. In US, housing and labour data released yesterdaypointed to improving pace of economic recovery in US. As there is no major economic data today prices will track movement in global currency and equity markets.

    By: Vijay Dongrel Finance> Investingl Jan 21, 2011 lViews: 123
    Vijay Dongre

    Which Stocks to buy in year 2011 so that to mint money. Top Stocks To Pick in year 2011.

    By: Vijay Dongrel Finance> Investingl Dec 29, 2010 lViews: 453

    Discuss this Article

    Author Box
    Articles Categories
    All Categories
    Quantcast