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Nifty Update & Market Overview (23 November – 27 November)

                                Resistance: 7940 / 8020 Support: 7780 / 7700 Weekly Close: 7857 Nifty held the support level of 7700~7750 and gave a pullback rally towards 7900 but couldn’t sustain above 7900 and closed the week at 7857. Nifty needs to sustain above 7900~7950 for up move to continue and test 8100-8150. Otherwise it may test […]

Nifty Update & Market Overview (16 November – 20 November)

                                Resistance: 7840 / 7930 Support: 7700 / 7630 Weekly Close: 7762 Nifty remained volatile with downward bias and closed the week at 7762. Nifty is trading at an important support of 7750~7700. There is a good chance of pullback rally towards 7950~8000 if the support is held. Nifty may test previous low of 7500~7550 […]

Nifty Update & Market Overview (09 November – 13 November)

                                Resistance: 8040 / 8130 Support: 7880 / 7800 Weekly Close: 7954 Nifty will open gap down this week due to Bihar election results and may remain volatile during the truncated week. Trade cautiously.

Nifty Update & Market Overview (19 October – 23 October)

                                Resistance: 8330 / 8390 Support: 8150 / 8080 Weekly Close: 8238 As discussed in the previous article, nifty took support at 8090 and tested 8250 [High = 8246] and closed the week at 8238. Nifty short term trend is up and may test 8360~8400.In case of reversal, 8150 can give support initially and 8090 […]

Nifty Update & Market Overview (12 October – 16 October)

                                Resistance: 8250 / 8320 Support: 7090 / 8000 Weekly Close: 8190 Nifty continued its uptrend and tested 8220~8250 before closing the week at 8190. For this week 8090 becomes crucial support below which nifty can fall up to 7950~7850. If it sustains above this level, nifty can test 8250~8350 before starting fresh leg of […]

Nifty Update & Market Overview (05 October – 09 October)

                                Resistance: 8040 / 8150 Support: 7870 / 7800 Weekly Close: 7951 RBI reduced rate by 50 bps and nifty tested 8000 again and closed the week at 7951. Nifty is near resistance zone of 8020-8060 again and for uptrend to continue, it has to break and sustain above this level. Else, nifty will pull […]

Nifty Update & Market Overview (28 September – 02 October)

                                Resistance: 7960 / 8050 Support: 7780 / 7700 Weekly Close: 7869 As discussed in previous article, nifty continued moving downward and tested 7700.But pulled back towards 7900 and closed the week @ 7869. This week RBI credit policy will affect the nifty movement, depending on whether there will be rate cut or not, nifty […]

Nifty Update & Market Overview (21 September – 25 September)

                                Resistance: 8060 / 8140 Support: 7580 / 7450 Weekly Close: 7982 Nifty continued its uptrend owing to US Federal bank keeping interest rate unchanged, it made a high of 8055 but closed at 7982 due to profit booking. The pullback may continue and nifty may test 7850~7800. If this level holds, the uptrend will […]

Nifty Update & Market Overview (07 September – 11 September)

                                Resistance: 7750 / 8840 Support: 7580 / 7450 Weekly Close: 7655 Nifty failed to hold the support of 7900-7950 and closed just below the previous low of 7667. . If nifty sustains below the previous low of 7667, it may test 7580~7450.Otherwise, a pullback towards 7850 initially and 8060 later is possible. Volatility will […]

Nifty Update & Market Overview (31 August – 04 September)

                      Resistance: 8095 / 8180 Support: 7910 / 7820 Weekly Close: 8002 Nifty continued its downtrend after breaking out of the range and broke the previous low of 7920 with intra-week low of 7667, but nifty closed the week at 8002 after a pullback of almost 400 points. If nifty holds 7950~7900, it will test 8150~8250 on the upside. Otherwise […]

Nifty Update & Market Overview (24 August – 28 August)

                      Resistance: 8380 / 8470 Support: 8210 / 8140 Weekly Close: 8300 Nifty broke out of the range, which was discussed in previous articles, on the downside and closed the week at 8300. The support for nifty comes around 8140~8050.If this levels hold nifty can pull back towards 8350, otherwise it may test previous low around 7900-7950. Also, expiry this […]

Nifty Update & Market Overview (17 August – 21 August)

                      Resistance: 8580 / 8670 Support: 8420 / 8350 Weekly Close: 8519 Nifty is stuck in range 8350 – 8650 and in last week it bounced from lows of 8350 and closed the week at 8519. Nifty should come out of range for a directional move. Till then trading within the range is suggested using intraday or swing trading methods. […]

Nifty Update & Market Overview (10 August – 14 August)

                      Resistance: 8650 / 8780 Support: 8450 / 8370 Weekly Close: 8565 Nifty is stuck in range 8350 – 8650 and in last week it traded in a small range of 50-70 points, except on policy day. Nifty should come out of range for a directional move. Till then trading within the range is suggested using intraday or swing trading […]

Nifty Update & Market Overview (03 August – 07 August)

                      RESISTANCE: 8610/8690 SUPPORT: 8480/8410 Nifty is trading in range of 8300-8650.This week movement depends on RBI Credit policy on tuesdsay. Trade cautiously.

Nifty Update & Market Overview (27 July – 31 July)

                      Resistance: 8650 / 8780 Support: 8440 / 8370 Weekly Close: 8522 As discussed in previous article, nifty witnessed a small correction and closed the week at 8522. The correction may continue for some more days but expiry this week may see a volatile market. The support resistance remains the same as last week.

Nifty Update & Market Overview (20 July – 24 July)

                      Resistance: 8700 / 8780 Support: 8540 / 8470 Weekly Close: 8610 Nifty took support around 8300 and resumed its uptrend to close above the previous high of 8561. There may be a correction as nifty is in overbought zone. It may test 8450 on the downside. Nifty can move higher towards 8850 if the support holds.

Nifty Update & Market Overview (13 July – 17 July)

                      Resistance: 8440 / 8550 Support: 8270 / 8180 Weekly Close: 8361 Nifty failed to sustain at higher levels and closed the week at 8361. After gap down, nifty took support at 8300 and gave a small bounce. If nifty fails to hold on to 8300, it will test 8150 on the downside. If it sustains above, then the gap […]

Nifty Update & Market Overview (06 July – 10 July)

                      Resistance: 8560 / 8650 Support: 8400 / 8320 Weekly Close: 8485 After a big gap down, nifty recovered and almost tested 8500 but closed at 8485. Though nifty is still in short term uptrend, the Greece issue may dominate and cause volatility. Trade cautiously.

Nifty Update & Market Overview (29 June – 03 July)

                      Resistance: 8460 / 8550 Support: 8300 / 8220 Weekly Close: 8381 Nifty continued it’s up move and closed above 8350. If it sustains above 8300, nifty will move towards 8550-8750, else it will continue to be in the trading zone.0n the downside 8000~7950 remains strong support below this nifty may move towards 7750-7650. Investors can buy good stocks at […]

Nifty Update & Market Overview (22 June – 26 June)

                      Resistance: 8300 / 8370 Support: 8140 / 8050 Weekly Close: 8225 Nifty pulled back above 8000 and closed at 8225 with good gains. Nifty again near resistance zone of 8300~8350 and it has to be seen whether it will break and sustain above this level. If it does, nifty will move towards 8550-8750, else it will continue to be […]