Nifty Tips For 1 June 2011 | Technical Views of Nifty

After a flat closing yesterday, the markets staged a stellar comeback today as a lower GDP growth in March eased fears of a hawkish policy stance by the Reserve Bank at its policy meet scheduled next month. Finally at the close the S&P CNX NIFTY settled in the green, closing up 87.05 points at 5560.15 which is up 72 points from the day's low.

The Nifty futures closed and settled finally at 5552.20, up by 85.35 points or 1.56 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5570 else below support level of 5410 it would be in a downward trend.

RESISTANCE:  5570 & above this level the next resistance is seen near the 5630 mark.

SUPPORT:  5480 & below this level the next support is seen near 5410 mark. 

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Nifty Trend For Today | Market Trend For 21 April

Today Nifty has 5815-5800-5,790-5767-5735 support level and  5900-5915-6030  Resistance Level.
And Sensex has 19300 support Level and 19650 Resistance Level.
Indian market have provided a surprise relief rally and credit for same goes to smart HCL tech result and add to it we had positive set of cues from global peers. HCL tech reported robust Q3 earnings and forecast improvement in margins in the April-June quarter.  Moreover good news in form of normal monsoon forecast, also supported the market. The sector which is affected a lot on monsoons is the financial sector as its prospects depends a lot on farm output in the country and this is determined by rain forecast.  Now we need to watch TCS with its result round the corner and we are expecting good results and thus tone of the market will remain positive.

Companies named in 2G telecom scandal suffered due to Court rejecting bail pleas of their executives.   Accused are Sanjay Chandra, Vinod Goenka and 3 Reliance ADAG Executives. ADAG executives are Gautam Doshi, Hari Nair and Surendra Pipara. Overall market breadth was positive with 1962 advances against 951 declines. Do remember to check the hot stocks and make money as real movement in Nifty will be seen as and when Nifty crosses Laxman Rekha of 5900 which will take the rally to the level of 5980. However keep an eye on level of 5735 which if broken means that down trend will again commence in the market. TCS has been performing better on a relative basis than Infosys for a sometime and we believe that rally should continue tomorrow.


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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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