Nifty Trade Repotr for the day

Nifty opened down today following weak Asian markets and traded in a narrow range in the morning session of the day. Nifty last traded flat at 5885.35 up by just 0.65 points against previous close of 5884.7.

Market is likely to remain rangebound because of lack of fresh cues. Intraday trend of Nifty is seen sideways.

Intraday range for Nifty is seen at 5800-6000. Near term support for Nifty is seen at 5850 and 5800. While resistance levels are 5950 and 6000. 

Short term range for Nifty is seen at 5800-6000. In the near term, Nifty is likely to consolidate at 5700-6050.

Last Thursday Nifty opened strong following positive global cues and traded in positive territory during the day and finally settled with a gain of 0.56 percent despite rise in WPI inflation numbers.

US and other European markets were closed on last day of previous week because of Good Friday holiday. At present, Asian indices are trading with negative sentiments. Nikkei is trading marginally down with 0.14 percent loss while Shanghai is also trading in red at present.

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Futures and Options Tips For Monday 18 April

INDEX OPTION TIPS

BUY NIFTY 5900 PUT OPTION

OF 30 JUN 2011 EXPIRY

KEEP STOPLOSS AT 200

TARGET WILL BE AT 300

LAST CLOSING-233

BUY BANKNIFTY 11500 PUT OPTION

OF 28 APR 2011 EXPIRY

KEEP STOPLOSS AT 50

TARGET WILL BE AT 190

LAST CLOSING PRICE-95

FREE STOCK OPTION TIPS

BUY TCS 1150 PUT OPTION

OF 28 APR 2011 EXPIRY

KEEP STOPLOSS OF 10

TARGET WILL BE 40

LAST CLOSING PRICE 20.2

BUY BHARTIARTL CALL OPTION

OF 28 APR 2011 EXPIRY

KEEP STOPLOSS OF 4

TARGET WILL BE 8.25

LAST CLOSING PRICE 5.35

FREE NSE STOCK FUTURE BUY TIPS

BHARTARTL FUTURE TIPS

BUY BHARTARTL APRIL FUTURE CONTRACT

CLOSING BASIS STOPLOSS AT 367

TARGET WILL BE 384

TODAYS CLOSING PRICE:372.5

HINDALCO FUTURE TIPS

BUY HINDALCO APRIL EXPIRY FUTURE CONTRACT

CLOSING BASIS STOPLOSS AT 208

TARGET WILL BE 221

TODAYS CLOSING PRICE:212.25

FREE NSE STOCK FUTURE SELL TIPS

INFOSYS FUTURE TIPS

SELL INFOSYS MAY FUTURE CONTRACT

CLOSING BASIS STOPLOSS 3090

TARGET WILL BE 2945

TODAYS CLOSING PRICE:3041

NSE INDEX FUTURE SELL TIPS

MININIFTY JUN FUTURE TIPS

SELL MININIFTY AMY EXPIRY FUTURE CONTRACT

CLOSING BASIS STOPLOSS AT 5960

TARGET WILL BE 5710

TODAYS CLOSING PRICE:5875

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Market Trend For Today 15 April

Today Market will be in the Bullish way.Indian market is likely to see a rally on the hopes of strong earnings gains from companies like Alstom Projects, Havells India, BGR Energy, Crompton Greaves, Suzlon, Larsen & Toubro, Punj Lloyd, Gammon India, Siemens and Usha Martin.And Today Nifty is likely to move in a range of 5800-6050-6135. Bulls will be in control once the Nifty is able to move past 5950. Today Sensex  has support -19500 and resistance will be 19850-20000.




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