We saw a U turn in todays markets. Markets opened negative and entered in positive zone. Stared red ended green.
Traders got good returns today.
NIFTY Looks over brought.
NIFTY Trin at 0.634
NIFTYlogy :
Current spot - 4572.65
Support - 4489.9 and 4407.3
Resistance - 4618.65 and 4664.8
Buzzing Stocks : RNRL, Cairn India, LNT, Reliance Industry, RPower and will update more tomorrow morning.
Today we saw a gap down opening in the Indian Stocks markets due to bad global cues.
NIFTY is all depended on two factors -
NIFTY gave an excellent gain even after the bad IIP data.
Large caps gave excellent returns.
NIFTY broke the first resistance and rallied towards the second resistance.
Now NIFTY seems to be in a bullish mode.
NIFTY TRIN at 0.446
NIFTY magic levels
Current Spot - 3681.1
Support - 3646.20 and 3610
Resistance - 3704 and 3734
Action - Wait and Watch.
NIFTY Auto generated Technicals.
Happy Investing!
We saw today the markets coming down.
I said in my earlier post that we may see a volatile section today.
We saw major Index stocks falling down.
US markets have opened lower. Europe is also trading negative.
So again a volatile day for NIFTY tomorrow.
NIFTY magic levels
Current Spot - 3554.60
Support - 3505 and 3470
Resistance - 3590 and 3645
Over all mode range bounded.
Event to wait for is release of IIP data and Election results this week end.
We saw that NIFTY is in a bullish mode.
NIFTY gave huge returns over nine weeks.
We may see rally on Monday.
We may see a bit volatility.
FII inflow in the last week was tremendous.
NIFTY magic levels
Current Spot - 3620.70
Support - 3585 and 3520
Resistance - 3680 and 3745
Stocks to watch out for in the coming week Click HERE.
NIFTY Rallied the whole week but witnessed profit booking section yesterday.
NIFTY mode is expected to be moderate (Range bounded).
Election results on 16th May can also determine these levels.
NIFTY magic levels
Current Spot - 3620.70
Support - 3540 and 3470
Resistance - 3725 and 3805
Over all mode - Range bounded. Signifies wait and watch.
NIFTY TRIN - 1.735
Stock to look out for -
HDIL , DLF and LNT
Markets ended a higher note today.
NIFTY is expected to be in a bullish mode for the next trading section which is tomorrow.
NIFTY magic levels
Current Spot - 3654
Support - 3590 and 3545
Resistance - 3705 and 3758
Over All mode.
Bullish.
FII participation was extraordinary today. If this keeps on coming we are expected to reach 15K in no time. Lol :)
Is swine flu is the main concern any more ? FII's participated in huge numbers today which is over 1.5K crores.
Mid caps may not give high returns in short time. My advice is to stay from them for the time being.
NIFTY is expected to be in a range bounded mode.
NIFTY magic levels
Current Spot - 3473.95
Support - 3390 and 3341
Resistance - 3510 and 3585
Over All mode.
Wait and watch.
Buzzing stocks for the week.
IDBI, IFCI, DLF and LNT.
