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.
Indian markets had a gap up opening of 160 odd points before it slipped into a negative zone.
Profit booking was seen at higher levels.
Most of the Asian markets ended negative.
Markets are looking heavily overbought.
NIFTY Trin - 1.694
Nature - Overbought
NIFTY Levels for 3rd June :
Spot - 4525.25
Support -4455.5 and 4385.85
Resistance - 4590.55 and 4656
Stocks looking strong for short term : HCC , LNT, RNRL, Cairn India and Hotel Leela.
Get daily NIFTY Auto generated technical analysis.
The day started off with a gap up opening and ended with some moderate gains.
FII ended as net buyers.
Asian markets were trading higher and ended higher.
Mid caps were trading higher.
NIFTY magic levels :
NIFTY Spot - 4529.9
Support - 4471.10 and 4413.55
Resistance - 4566.7 and 4603.25
NIFTY Auto generated technical analysis.
Yesterday we saw the Indian Markets moving north. Today we started off in red and later the markets started picking up. Markets were up over 600 points on BSE before it witnessed profit booking ending up in red.
Volatility was very high.
The total turnover was remarkable. Over 1.4 lakh crores.
NIFTY Overall mode is Bullish.
NIFTY Trin at 0.65
NIFTY logy -
Current Spot - 4318.45
Support - 4150 and 4020
Resistance - 4490 and 4580
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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.
