Nifty Intraday Outlook and Trading Tips For Tomorrow 28-March

After the government's clarification on the taxation of FII inflows through the Mauritius route , the markets bounced back handsomely and closed with robust gains. The Nifty crossed its psychologically important level of 5200. 

Nifty has strong support at 5,150 levels. Immediate hurdle for the market is at 5,285 levels. Sustaining above the levels of 5,285 will be positive for the markets, in that case will be exposed to higher levels of 5,375 and 5,550. Up move in the market will face stiff resistance at 5,375 levels. On the lower side breach of 5,150 will be viewed negatively for lower level targets of 5,050 and 4,950. Support Long should be seen in markets, as markets are close to the crucial reversal point of 200 days average.

Nifty Intraday Outlook & Trading Strategy for Tomorrow 27-March

It was choppy starting for Indian Equity Markets. Nifty lost 94 pts (-1.78%)  and closed in deep red below 5,200 levels. It has given a break down of the support level of 5,205 and appears weak on the chart. Bears are having control at the moment. Bulls have support at 5,150 levels; if they manage to hold 5,150 levels then recovery may be seen else selling pressure may be seen ahead. 

For intraday trading tomorrow, trend deciding level is 5,200. If Nifty shows strength above 5,200 levels, then rally to 5,240-5,275-5,300 may be seen. On the downside if Nifty does not show strength above 5,200 levels then selling pressure till 5,150-5,120-5,075 may also be seen.

Trading Strategy :
We recommend holding on to short positions that we had recommended with a stop loss of 5,385 for the target of 5150-5120-5075 where profit may be booked.

Nifty Intraday Outlook For Next Week

While commenting on Nifty Outlook for next we see technically the level of 5,375 will act as a major hurdle for the Nifty. On the lower side 5,150-5,180 will act as a major support for the market and dismissal of the 5,150 may result into quick sell off to 5,010 minimum and maximum to 4,950 levels. Closing above the level of 5,375 can take index to the level of 5,550-5,600. Investors can certainly look for index stocks to buy around 5,200 levels.

For Nifty Intraday Outlook on Monday 26-March, trend deciding level is placed at 5275. If Nifty manages to trade above this level then rally to 5330-5375 can be seen. On the downside if Nifty doesn't show strength to trade above 5275 level then selling pressure can be seen till 5200 level.

Stock Market Technical Views - Nifty Outlook 22 March

Indian Markets traded well today and closed above 5350 level with significant gains of 90 pts. Both benchmark indices (Nifty and Sensex) witnessed handsome gains of 1.71% and 1.65% respectively. Capital Goods, realty, banking and power sectors were the biggest gainer today while IT and Metals too surged.

For Intraday Trading tomorrow trend deciding level is at 5350. If Nifty Manages to trade above 5350 levels then rally to 5385-5410-5450 can be seen otherwise Nifty below 5350 Nifty could see selling pressure to 5300-5260 levels. However Global cues will continue to influence market trends.

Nifty Intraday Outlook For Tomorrow 19-March

The major sentiments for Nifty looks bearish on unsatisfactory Union Budget 2012-13. It remains to be seen whether this downward break can induce some trend or it`s just because of the nervousness among the minds of market participants just of Union Budget. Key support area is seen at 5,240-5,210, which should not be lost if the uptrend has to continue, while favorable news flow can see index testing the value area of 5,550-5,600. The intraday supports in Nifty are placed at 5,275 and then at 5,240, the resistances for the day are seen at 5,370 and then 5,400.

Nifty Intraday Outlook & Trading Strategy For Tomorrow 15-March

Nifty showed some positive trend today and closed with moderate gains. After today's move Nifty is now trading close to the resistance of 5,477. For Nifty it is now very important to sustain above 5,400 level if the upward momentum is to continue. Any move below 5,400 would be initial sign of weakness and Nifty may further correct till 5,350-5300 which is the value of trend reversal for short term.

Nifty Intraday Trading Strategy

We recommend holding on to long positions with a revised stop loss of 5,350. However if Nifty fails to remain firm above 5,400 then one must not buy aggressively and protect their long positions with a stop loss of 5,350. On the higher side, sustenance above 5,400 can result in further upside till 5,521.

 

Nifty Intraday Trend For Tomorrow 07-March

Nifty witnessed selling pressure today and closed in red below 5,250 levels. Bears are having control at the moment. On downside, Nifty has some support near 5,170 levels. If Nifty manages to hold 5,170 levels then recovery may be seen, else selling pressure may be continuing.

For intraday trading tomorrow, trend deciding level is at 5,220. If Nifty shows strength above 5,220 levels, then rally to 5,270-5,300-5,350 may be seen. If Nifty does not show strength above 5,220 levels then selling pressure till 5,170-5,125-5,050 may also be seen.

Nifty Intraday Outlook For Tomorrow 02-March

It was another choppy session for Indian Stock Markets, which lead markets to close in red with substantial losses. Nifty witnessed selling pressure for second consecutive day. Nifty has important support zone in 5,300-5,270 zone. If Nifty manages to hold this zone the recovery may be seen else selling pressure may be continuing. On upside, Nifty has resistance in 5,400-5,450 zone. 

For intraday trading tomorrow 02-March, trend deciding level is 5,350. If Nifty shows strength to trade above 5,350 levels, then rally to 5,400-5,435-5,475 may be seen. On the downside if Nifty does not show strength above 5,350 levels then selling pressure till 5,300-5,260-5,225 may also be seen.

Market Technical Views For Tomorrow 22-Feb

Indian Stock Markets traded well today with significant gains of 0.76%. Nifty witnessed good strength and closed in green above 5,600 levels. Buying interest may be continuing above 5,625 levels. However, if Nifty manages to trade above 5,625 levels then profit booking may be seen. Nifty Feb future expiry due in this week and volatility may be seen till expiry. 

For intraday trading tomorrow, trend deciding level is 5,600. If Nifty shows strength above 5,600 levels, then rally to 5,640-5,670-5,700 may be seen. On the downside if Nifty does not show strength above 5,600 levels then selling pressure till 5,555-5,520-5,500 may also be seen.

Markets Outlook For Tomorrow 08-Feb

Nifty showed selling pressure from resistance near 5,400 levels and closed in red. Nifty is having tough time near 5,400 levels. Further buying interest may be seen only above 5,400 levels. On downside, Nifty has support in 5,250-5,200 zone. For Daily Purpose, Trend deciding level is 5,350. If Nifty shows strength above 5,350 levels, then rally to 5,400/5,450/5,500 may be seen. If Nifty does not show strength above 5,350 levels then selling pressure till 5,300/5,250/5200 may also be seen.

Nifty Trend For Tomorrow 01-Feb

Markets traded well today and both indices closed with handsome gains today. Nifty witnesswd good strength and closed in green near 5,200 levels. Buying momentum was seen in majority of sectors and majority of large caps participated in rally. Bulls are again showing momentum strength. Buying interest may be continuing above 5,200 levels. Profit booking may be seen if Nifty does not maintain above 5,200 levels.

For intraday trading tomorrow, trend deciding level is at 5,200. If Nifty shows strength above 5,200 levels, then rally to 5,250/5,300/5,350 may be seen. If Nifty does not show strength above 5,200 levels then selling pressure till 5,150/5,100/5,050 may also be seen.