02/05/2011 Intraday Trading Ideas

Nifty's trend will get decided on Tuesday any how there is more possibilities for the Nifty to go down only once it crosses the 5690 level then there will be huge sell of will be there , those who are willing to take risk can buy 5400 Put option below Rs 15 and hold it and add more lots when Spot Nifty goes below 5690.

Levels for today

Support 5726 , 5710 , 5690 , 5651

Resistance 5772 , 5787 , 5800 ,5824

29/04/2011 Intraday Trading Ideas

NIFTY has to give confirmation to which side to move 5745 and 5690 supports are there and in upper side 5900 and 5950 resistance are there .

wait for the trend to get confirmed Probability is more on down side most of the heavy weight stocks like INFY , Reliance ,LT , BHEL has weaken.

Risk takers can Buy Nifty when spot Nifty comes to 5720 with strict stop loss of 5685 for the target of 5800

Levels for today
Support 5766 ,5745 , 5724
Resistance 5815 , 5834 , 5864

28/04/2011 Intraday Trading Ideas

Last March month Nifty settlement was at 5833 yesterday's Nifty's closing 5833 , for the past one month Nifty did not do anything it has moved between (5693-5944) only 251 points .
Either today or the next day Nifty has to give break out it may be above 5950 or below 5690

Nifty is having support at 5825-5845 once this is broken it will find next support at 5790 and 5745 and resistance comes at 5880-5890 if this is broken 5912 and 5950.

Above 5950 the trend will change bullish. so Avoid shorting above 5950.

One can buy Nifty at 5830-5825 with stop loss of 5800 for the target of 5875 , 5890

27/04/2011 Intraday Trading Ideas

Spot Nifty is still not making any decisive move it will face resistance between 5900-5950 and now in down side support comes from 5790 next support comes between 5760-5740 when clearing this either of the side only nifty will make a decisive move.

Risky Traders can Short Nifty at 5890-5900 with stop loss of 5950 for the target of 5800.

Those who are risk takers can buy Nifty Put option strike of 5800 at Rs8-13 for the target above Rs35. Hold until expiry.

Avoid shorting if Nifty moves above 5941 it will test 6000.

26/04/2011 Intraday Trading Ideas

Spot Nifty for the second day is trading between 30 points range so today once it goes below 5855 it will go upto 5800 once this is crossed we can see 5750 and in upper side 5913 will be the resistance beyond that 5950 will act as a strong resistance.

Levels for today

Support 5855 , 5836 , 5825 , 5800

Resistance 5900 , 5912 , 5950

25/04/2011 Intraday Trading Ideas

Spot Nifty is trading between the range 5690-5950 for the past 3 weeks a decisive move will be made only either of the side is broken. More probabilities are there for the down side move only. As this week is expiry week hope Nifty will break any of this level.

Levels for today

Support 5866 , 5847 , 5800
Resistance 5903 , 5933 , 5950

21/04/2011 Intraday Trading Ideas

Nifty closed at the resistance level one can short NIFTY at every rising now upto 5910 with strict stop loss of 5960 for the target of 5700 , 5650. Today 2 Heavy weight companies results are going to be announced TCS and RELIANCE . If the results are too good than expected it could change the whole environment so maintain the stop loss strictly.

Levels for today
Support 5828 , 5800 , 5750 , 5700
Resistance 5888 , 5900 , 5926 , 5950

20/04/2011 Intraday Trading Ideas

Spot Nifty is getting support at 5690 so before breaking this level it may consolidate for 2 ,3 days , so use the rising opportunity above 5850 level to short Nifty with strict stop loss of 5960 for the target of 5550-5500 .

Level's for today

Support 5715, 5690 , 5650 ,5627

Resistance 5770 , 5795 , 5830 , 5853

19/04/2011 Intraday Trading Ideas

Nifty made a move exactly as we said and made 170 points . Now the spot Nifty will be struggling to clear 5680-5730 once it goes below 5680 we can see 5560 so we have to watch for break below 5680.

Levels for today

Support 5685 , 5660 , 5640 , 5594
Resistance 5770 , 5796 , 5816 , 5840

Sell SESAGOA at 308 with a stop loss of 313 for the target of 300 , 294

18/04/2011 Intraday Trading Ideas

Nifty if now goes below 5780 then again it will test 5730 level now it will be difficult for nifty to cross 5950 so now don't go for any fresh buying look opportunities for shorting . If spot Nifty goes to higher level near by 5900 short it with stop loss of 5960 for the target of 5800 , 5730 and further . once Nifty goes below 5700 we can see 5500 again.


Levels for today
Support 5800 , 5774 , 5760 , 5730
Resistance 5850 , 5875 , 5890 , 5930

Buy EDUCOMP at 459 with a strict stop loss of 454 for the target of 468 , 475 , 480

15/04/2011 Intraday Trading Ideas

As we said the range yesterday the spot Nifty moved perfectly within the range now todays Nifty's closing is very important for the coming days if today spot Nifty closes above 5950 then we can see 6070 next 6178 in the near days or else we can expect a huge sell of it can test 5500 and below also .
Today there will be a gap up opening.

Today is Infosys Result so we can expect good volatility.

Levels for today

Support 5890 , 5870 , 5840
Resistance 5950 , 5983 , 6005 , 6030

13/04/2011 Intraday Trading Ideas

As we said previously Spot Nifty will come to 5780 it came exactly upto there now there is a possibility for today to open below 5780 now the trading range will be between 5730-5950

Levels for today
support 5770 , 5750 , 5733
Resistance 5800 , 5820 , 5840

11/04/2011 Intraday Trading Ideas

Finally Nifty spot came below previous days low and closed below that so now there is more chances nifty to go down upto 5780 and 5730 as of now and in upper side first resistance will be 5890


Levels for today
Support 5817 , 5800 ,5777 , 5730
Resistance 5860 , 5890 , 5912 ,5946

Most of the banking stocks has given up their gains

08/04/2011 Intraday Trading Ideas

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Still Spot Nifty is not going below its previous days low it indicates that if it goes below then 100-200 points fall will be there , so for today the low to watch is 5866 and in upper side to watch is 5950.

Levels for today

Support 5866 , 5835 , 5800 ,5780
Resistance 5906 , 5925 , 5950 , 5990

07/04/2011 Intraday Trading Ideas

As we said previously Spot Nifty will not go beyond 5950 it tested 5944 and went down .
Nifty closed Negatively after long days and Nifty did not went to its previous days low for past 12 days on todays trading expect to go below previous days low thats 5868 if it goes below then minor support is there at 5855 and next will be 5810 .

Levels for today
Support 5868 , 5850 , 5833 , 5810
Resistance 5910 , 5930 , 5950 , 5974

06/04/2011 Intraday Trading Ideas

Spot Nifty is strong Resistance at 5950 level nifty will be consolidating for some days between 5750-5950 so one can short Nifty at 5950 level with a stop loss of 6000 for the target of 5850 , 5800

Levels for today
Support 5873 , 5855 , 5830
Resistance 5930 , 5950 , 5982

05/04/2011 Intraday Trading Ideas

Nifty is making a continuous up move avoid fresh long positions as of now .

Levels for today
Support 5888 , 5855 , 5834
Resistance 5928 , 5953 , 5975 , 5995

04/04/2011 Intraday Trading Ideas

This week Nifty will be consolidating now one can go long when Nifty spot closes above 6000 .
One can short Nifty at 5860 with a stop loss of 5907 for the target of 5780 , 5750
Levels for today

Support 5800 , 5776 , 5750 , 5730
Resistance 5837 , 5856 , 5875 , 5900