Category Archives: Intraday Trading

Market Outlook: Nifty Levels for 05 JULY 2012

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The market traded range bound all the way through the day and closed with moderate gains. Metal and realty stocks were the biggest gainers in today’s session and capital goods, power and banking, too, made significant gains.

The Bse Index closes at 17463 up 37 points or +0.21% & Nifty closes at 5303, up 15 points from the previous close or +0.28%. CNX Midcap index was up 0.5% % and the BSE Small cap index was up 0.9%. The market breadth was positive with advances at 936 against declines of 513 on the NSE.

Today also consolidation going on. The level 5311-5333 seems to be good Resistance

Last Close at 5303 up 15 points, Last High at 5317 Low at 5273, Weekly High at 5317 and low at 5095 and 5 DMA at 5259, 20 DMA at 5144, 50 DMA at 5050 and 200 DMA at 5079

5-Days Relative Strength Index at 86 and 14-Days Relative Strength Index at 69. It Indicates Nifty Placed in Over Bought Zone.

RESISTANCE: It has the First resistance close to the level 5311 & above the level marks the track point at 5333 later zooper level at 5355 mark.

SUPPORT:  It has the first support close to the level of 5288 & below this level mark next support is seen at 5266 later dipping level near 5244 mark.

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Market Outlook: Nifty Levels for 04 JULY 2012

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Real Estate StocksReal estate, metals & banks help the market close in the green after a monotonous session which saw the indices trade flat for most part. The range for the day was a sheer 40 point with infrastructure keeping the market down.

The Bse Index closes at 17425 up 26 points or +0.15% & Nifty closes at 5287, up 9 points from the previous close or +0.18%. CNX Midcap index was up 0.6% % and the BSE Small cap index was up 0.8%. The market breadth was positive with advances at 893 against declines of 560 on the NSE.

Today also consolidation going on. The level 5311-5333 seems to be good Resistance

Last Close at 5288 up 10 points, Last High at 5326 Low at 5266, Weekly High at 5316 and low at 5095 and 5 DMA at 5227, 20 DMA at 5128, 50 DMA at 5048 and 200 DMA at 5078

5-Days Relative Strength Index at 60 and 14-Days Relative Strength Index at 67. It Indicates Nifty Placed in Bullish Zone.

RESISTANCE: It has the First resistance close to the level 5311 & above the level marks the track point at 5333 later zooper level at 5355 mark.

SUPPORT:  It has the first support close to the level of 5266 & below this level mark next support is seen at 5244 later dipping level near 5222 mark.

Market Outlook: Nifty Levels for 22 JUNE 2012

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BSE SensexThe stock market closed with generous gains today with realty, banking, capital goods and power being the green leads. Oil & gas stocks lost significantly today and consumer durables & IT both closed negative.

The Bse Index closes at 17033 up 136 points or 0.80% & Nifty closes at 5165, up 45 points or 0.87% from the previous close. CNX Midcap index was up 1.2 % and the BSE Small cap index was up 0.8%. The market breadth was positive with advances at 912 against declines of 498 on the NSE.

Last Close at 5165 Up 45 Points, Last High at 5170 Low at 5093, Weekly High at 5190 and low at 5015 and 5 DMA at 5119, 20 DMA at 50197, 50 DMA at 5061 and 200 DMA at 5072

5-Days Relative Strength Index at 69 and 14-Days Relative Strength Index at 60. It Indicates Nifty Moving In cheerful sector.

RESISTANCE: It has the First resistance close to the level 5177 & above the level marks the track point at 5199 later zooper level at 5222 mark.

SUPPORT:  It has the first support close to the level of 5133 & below this level mark next support is seen at 5111 later dipping level near 5088 mark.

Market Outlook: Nifty Levels for 21 JUNE 2012

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Nifty IndexThe Nifty bounce back by the cement sector from the lows of the day helped the market close with modest gains following a passive and range bound session. Volumes were good and sectors that saw green led were as autos, metal stocks and infra.

The Bse Index closes at 16896 up 36 points or 0.22% & Nifty closes at 5120, up 16 points or 0.33% from the previous close. CNX Midcap index was up 1.1 % and the BSE Small cap index was up 0.8%. The market breadth was positive with advances at 896 against declines of 519 on the NSE.

Last Close at 5120 Up 17 Points, Last High at 5141 Low at 5100, Weekly High at 5190 and low at 5015 and 5 DMA at 5096, 20 DMA at 5007, 50 DMA at 5062 and 200 DMA at 5070

RESISTANCE: It has the First nifty resistance close to the level 5133 & above the level marks the track point at 5155 later zooper level at 5177 mark.

SUPPORT:  It has the first support close to the level of 5088 & below this level mark next support is seen at 5066 later dipping level near 5044 mark.