Thursday, December 9, 2010

BANK NIFTY TRADING SYSTEM

BANK NIFTY TRADING SYSTEM

Open : 11559.00 High : 11615.00
Low : 11102.00 Close : 11201.00

TREND : BEARISH

Bank Nifty Futures has started a formation of lower tops and lower bottoms , which according to Dow theory signals further weakness in banking sectors in the coming sessions. It closed at the major support zone of 11200 mark . A breach of 11000 zone will take it down towards the 10600 area. On the upside expect a minor correction towards the 11600 level.

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity

NIFTY TRADING SYSTEM

NIFTY TRADING SYSTEM

Open : 5930.00 High : 5941.00
Low : 5757.00 Close : 5792.00

TREND : BEARISH

Nifty Futures witness heavy selling resulting in a Blood Bath among the midcap and smallcap scrips. The next major support comes in at 5725 which was the low made on 26.11.2010. A break below this crucial support will take the Nifty Futures all the way down towards the 5600 zone. On the upside expect a minor correction towards the 5900 area.

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity

Wednesday, December 8, 2010

BANK NIFTY TRADING SYSTEM

BANK NIFTY TRADING SYSTEM

Open : 11735.00 High : 11735.00
Low : 11455.00 Close : 11514.00

TREND : BEARISH

Bank Nifty Futures held the major support of 11400 and closed the day near the major support zone of 11514. It is in the process of making a double bottom formation and is expected to correct towards the 12000 mark. A close above the 12200 mark with good volumes will bring it back above the 12600 area with some positive bias.

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity

NIFTY TRADING SYSTEM

NIFTY TRADING SYSTEM

Open : 5985.00 High : 5985.00
Low : 5894.00 Close : 5925.00

TREND : BEARISH

Nifty Futures has closed below the minor support level of 5950 and is vulnerable to more weakness in the coming session to test the level of 5850 and thereafter the major support level of 5725 on the downside. On the upside, a break above the 6025 mark , will take nifty futures towards major resistance of 6150 zone.

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity

Tuesday, December 7, 2010

BANK NIFTY TRADING SYSTEM

BANK NIFTY TRADING SYSTEM

Open : 12020.00 High : 12050.00
Low : 11689.00 Close : 11805.00

TREND : BEARISH

Bank Nifty Futures broke below the crucial 12000 mark in opening session and immediately tested the level of 11700 area , making it vulnerable to more losses towards the 11400 zone in the coming sessions. Only a close above the 12200 mark with good volumes will bring it back above the 12600 area with some positive bias.

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity

NIFTY TRADING SYSTEM

NIFTY TRADING SYSTEM

Open : 6004.00 High : 6021.00
Low : 5956.00 Close : 6020.00

TREND : BEARISH

Nifty Futures has tested the level of 5950 zone and found minor support at those level . Only a break of this minor support level with good volumes will bring it down towards 5850 and thereafter at the major support area of 5725 . On the upside, a break above yesterday’s high of 6094, will take nifty futures towards major resistance of 6150 zone.

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity

Monday, December 6, 2010

BANK NIFTY TRADING SYSTEM

Open : 12465.00 High : 12480.00
Low : 12046.00 Close : 12061.00

TREND : BEARISH

Bank Nifty Futures has broken below the minor support level of 12250 and the next major support comes in at 11800 . On the upside the major resistance comes in at 12600 and a break above this level with good momentum will take it back towards the high of 13300.

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity

NIFTY TRADING SYSTEM

Open : 6035.00 High : 6094.00
Low : 5988.00 Close : 5992.00

TREND : BEARISH

Nifty Futures is moving through a corrective phase against the main trend.
A break below the minor support of 5950 ,will trigger fresh bout of new selling taking the nifty futures towards 5850, and then eventually towards major support zone of 5725 . On the upside, a break above today’s high of 6094, will take nifty futures towards major resistance of 6150 zone.

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity

Friday, October 29, 2010

BANK NIFTY TRADING SYSTEM

BANKNIFTY FUTURES opened today higher by approx 140 points @ 12246 . It
immediately started moving down wards with the nifty index making an intraday low of 12005 , untill better then expected results from ICICI bank pulled the Bank Nifty from the lower end to make a dramatic and sharp V – shape recovery by approx 400 points , making an intraday high of 12448 and finally closing the volatile session @ 12392 .

BANKNIFTY FUTURES is witnessing some sharp and volatile movements on both sides , in line with the rest of the Market. It is trading sharply in a range of approx 600 points , between 12000 – 12600 level and any breach of this levels will see it moving by approx 500 points in that direction.

Our view on Bank Nifty is FLAT .Trades can be initiated in either direction with strict stop loss.

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity

NIFTY TRADING SYSTEM

NIFTY FUTURES opened today higher by 63 points @ 6050 due to the heavy premium in Nov Series, were as the global and Asian markets were subdued. Nifty Futures immediately started sliding down wards reducing the premium to 30- 35 points making an intraday low of 5966 . Nifty Futures seems to be sliding down, but better then expected results from ICICI bank forced the markets to make a sharp and violent V –shape recovery making an intraday high of 6066 and finally closing the volatile session @ 6040

Nifty Futures is getting volatile and moving in both directions sharply with each passing day , making it hard for the traders to trade on either direction. Once again Nifty futures has proved that it is moving violently in a trading range of approx 250 points , between 5950 – 6200. Any break of this range on closing basis with good volumes and momentum , will move nifty futures sharply on either direction.

Our view on Nifty Futures is FLAT. Any trade on either sides should be initiated with strict stop loss .

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity

Wednesday, October 27, 2010

BANK NIFTY TRADING SYSTEM

BANKNIFTY FUTURES opened today on a flat to slightly weak note @ 12350 . It made a brief attempt to rally in the opening session , but was capped @ 12400 , making an intraday high of 12398 in the process. The selling pressure increased as the day progressed and Bank nifty Futures fell all the way towards 12161 mark. It finally closed the day @12252 .

BANKNIFTY FUTURES witnessed the selling pressure today throughout the session , but found support at the 12200 mark . On the down side a break of 12200 level with good volume and momentum , may bring Bank nifty Futures down all the way towards the 11800 mark . On the up side it has to break pass the 12500 mark to move higher towards the 12800 level.

Our view on Bank Nifty is FLAT .

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity

NIFTY TRADING SYSTEM

NIFTY FUTURES opened today lower by approx 20 points @ 6087 due to slight weakness in Asian markets. The weakness in Nifty Futures gained momentum as the day progressed and selling pressure was witnessed in last 2 hours of the session taking it down all the way towards the 6000 mark , making an intraday low of 6005. The intraday high of 6102 was registered in the early session . Nifty futures closed the day @ 6032 .

Nifty Futures is getting volatile ahead of the series expiry tomorrow. Nifty futures seems to be attracting fresh buying emerging at 6000 level and if broken on closing basis may witness a sharp fall towards the 5850 zone. On the upside the resistance seems to be creeping in at 6180 level. Only a close above the 6180 zone with good volume and momentum will attract fresh bout of fresh buying.

Our view on Nifty Futures is FLAT. We may witness a two side movement ahead of the expiry .

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity

Tuesday, October 26, 2010

BANK NIFTY TRADING SYSTEM

BANKNIFTY FUTURES opened today on a flat note @ 12500 due to the lackluster trading from the Global and Asian markets. It traded most part of the session in a narrow range of 120 points between 12500 - 12380 making an intraday low of 12380 in the process. It made a brief attempt to rally in the last hour of the session to break pass the 12500 mark , which was the intraday high of the day , but failed and finally closed the day @ 12385 .

BANKNIFTY FUTURES seems to be consolidating in a range of 500 points , between 12200 – 12700 , from last couple of sessions and any breach of this levels with good volume and equal momentum will move Bank Nifty sharply on either direction. The level of 12800 on the upside and 12200 on the down side are the important zones to watch for at present.

Our view on Bank Nifty is Bullish . Any dips in the market can be treated as buying opportunity with proper stop loss.

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity

NIFTY TRADING SYSTEM

NIFTY FUTURES opened today on a flat note @ 6125 due to the subdued mood from the Global ad Asian markets. It traded the session in a narrow range of approx 30 points making an intraday low of 6094 in the process. It made a brief attempt to move higher in the last hour of trading buy failed to do so making an intraday high of 6141 and finally closing the day @ 6109 .

Nifty Futures seems to be still in a volatile mood of the last couple of days moving sharply in the either direction looking for the fresh cues. On the upside the level of 6180 is acting as a barrier for the time being , and any break of this level on the upside with good momentum and volume will move it higher towards the 6350 – 6400 zone. On the down side the level of 6000 is acting as a good buying zone and any breach of this level on closing basis will take Nifty Futures to much lower levels.

Our view on Nifty Futures is Bullish. Any dips in the Nifty Futures could be treated as buying opportunity with a proper stop loss.

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity

Tuesday, September 28, 2010

BANK NIFTY TRADING SYSTEM

BANKNIFTY FUTURES opened today on a flat note @ 12278 due to the lackluster trading from the Global markets. It traded most part of the session in a narrow range of 12315-12180 making an intraday low of 12180 in the process and finally rallied in the last hour to close the day at an intraday high of 12323.

BANKNIFTY FUTURES seems to be holding the level of 12200 for the time being and is showing good positive momentum to breach new higher levels. The levels of 12500 and 12800 may act as a good resistance areas and on the down side the levels of 12000 and 11800 may act as support zones.

Our view on Bank Nifty is Bullish . Any dips in the market towards the 12000 zone can be treated as buying opportunity with proper stop loss.

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity

NIFTY TRADING SYSTEM

NIFTY FUTURES opened today on a flat note @ 6049 due to the subdued mood from the Global markets. It traded in a narrow range of 6000-6060 through out the day testing both the ends . Nifty Futures made an intraday high of 6065 in the early session ,and tested the intraday low of 6003 in the second half of the trading session. It closed the day @ 6056 level.

Nifty Futures seems to be consolidating in this range of 6000-6100, after the sharp rally of pass few sessions. It found good buying support at the psychological 6000 mark and if broken then the next level of 5950 may act as a new support zone. On the upside the level of 6090 has to be breached with good volumes and positive momentum , to resume its upward journey towards the 6180 area.

Our view on Nifty Futures is Bullish. Any dips in the Nifty Futures towards the 5950 area can be treated as buying opportunity with appropriate stop loss.

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity

Monday, September 27, 2010

BANK NIFTY TRADING SYSTEM

BANKNIFTY FUTURES opened today on a positive note ,up by approx 90 points @ 12352 as expected due to the positive cues from US , Europe and Asian markets. It tried to rally in the opening session but met with selling pressure @ 12400 making the same as intraday high and slowly glided down towards the 12250 area as the day progressed. It made an intraday low of 12250 and closed the session @ 12275.

BANKNIFTY FUTURES has out performed the other indexes by huge margin and is still showing good positive momentum . It seems to be consolidating in the range of 12200-12400 from pass couple of sessions. On the upside the levels of 12500 and 12800 may act as a good resistance zones and on down side we may witness a buying coming in @ 12000 and 11800 zones.

Our view on Bank Nifty is Bullish . Any dips in the market towards the 12000 zone can be treated as buying opportunity with proper stop loss.

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity

NIFTY TRADING SYSTEM

NIFTY FUTURES opened today on a positive note up by 38 points @ 6070 after the positive closing from the US , Europe markets and positive trading from Asian markets. It made an early attempt to break above the 6100 mark , but found good selling pressure emerging @ 6090 level making an intraday high of 6093 . It registered an intraday low of 6043 in the last hour , finally closing the day @ 6048.

Nifty Futures is showing extremely positive momentum and seems that the new high is inevitable. It has to pass buy the 6100 zone with good volumes and positive momentum to test the next resistance @ 6180 area. On the downside the area of 6000 and thereafter the 5950 mark may act as a good support zone with new buying emerging at this levels.

Our view on Nifty Futures is Bullish. Any dips in the Nifty Futures towards the 5950 area can be treated as buying opportunity with appropriate stop loss.

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodit

Friday, September 17, 2010

BANK NIFTY TRADING SYSTEM

BANKNIFTY FUTURES opened today the day on a slightly positive tone , up by approx 55 points @ 12085 . It spend the whole trading session consolidating between the 12000- 12200 mark , making an intraday low of 12030 and intraday high of 12189 and finally closed the day at 12150.

BANKNIFTY FUTURES has shown tremendous momentum on the up side closing each trading day higher than the previous day from last 12 sessions , showing an extremely bullish scenario. Day after day it has been rallying to new life time highs. Bank Nifty Futures has to cross pass the 12200 mark with good momentum to achieve the level of 12500. It is trading in a very overbought zone , but with the good liquidity and extremely bullish momentum the level of 12500 looks very achievable in the coming future. On the down side the level of 12000 looks intact and any breach of this level may slide Bank Nifty Futures towards the 11800 mark and thereafter the 11500 zone.

Our view on BankNifty is Bullish .

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity

NIFTY TRADING SYSTEM

NIFTY FUTURES opened today on a flat to positive note up by approx 13 points @ 5860 . It made an early attempt to break below the 5850 mark , but found good buying support @ 5860 level making the same as an intraday low. Nifty futures regained all the lost ground in the last hour to close the day at almost at the high point of the day @ 5912 , making an intraday high of 5914 in the process

Nifty Futures has kept its positive bias intact by closing above the 5800 mark from last couple of sessions , giving a very bullish scenario for the time being. It has to cross the mark of 5920 with good volumes and positive momentum to achieve the 6000 mark, and looking at the liquidity and positive momentum it seems very likely that the mark of 6000 will be achieved in the coming week. The down side seems to be capped at 5850 level for the time being , and any breach of this level will see Nifty futures sliding all the way down towards the 5700 level..

Our view on Nifty Futures is Bullish.

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity

Thursday, September 16, 2010

BANK NIFTY TRADING SYSTEM

BANKNIFTY FUTURES opened today on a flat note @ 11940 , which was almost the intraday low point of the day and immediately rallied to pass buy the 12000 mark. It consolidated in that area until the interest rate hike added fuel to the market and it rocketed to an life time and intraday high of 12246 , but met with some stiff selling pressure at this level finally closing the day @12030

BANKNIFTY FUTURES has been achieving the life time highs from pass few days and closing the day on a new high with extremely positive momentum. The charts looks highly over bough technically , but the positive momentum is driving the market to new highs, As mentioned the level of 12200 has acted as a resistance zone for now and if broken the levels of 12500 seems very achievable. On the downside the level of 11800 looks like an immediate support zone for now.

Our view on BankNifty is Bullish . With the positive momentum very intact ,any corrections should be treated as buying opportunity with appropriate stop loss.

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity

NIFTY TRADING SYSTEM

NIFTY FUTURES opened today flat to slightly negative, down by approx 20 points @ 5842 in line with the dull trading from US and Asian markets. It tested the lower level of 5825 in the early session but found good buying support making an intraday low of 5826 in the process and rallied from there after the interest hike news to make an intraday high of 5916 and met with heavy selling pressure to close the day @ 5847.

Nifty Futures has managed to keep the closing above the 5800 mark from last three continuous session ,making it vulnerable for more advances in the days to come. As mentioned yesterday the level of 5920 has acted as a resistance for now and if broken with good volumes and positive momentum , we may see the psychological level of 6000 very soon. On the down side the level of 5750 may act as an immediate support zone for now .

Our view on Nifty Futures is Bullish. We still believe that technically market has more room on the upside and any corrections should be treated as buying opportunity with proper stop loss .

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity

Tuesday, September 14, 2010

BANK NIFTY TRADING SYSTEM

BANKNIFTY FUTURES opened on a consolidation to flat note @ 11841 , which was the intraday low point of the day after yesterday’s spectacular rally. It made an early attempt and managed to break pass the 12000 mark making an intraday high of 12024 in the process. It closed day @ 11919.

BANKNIFTY FUTURES has again today managed to close at the life time high of 11919 making it very bullish for the time being. It has met with some selling pressure @ 12000 mark and the next level to watch for will be the 12200 level. On the down side the levels of 11700 and 11400 may act as an support zones.

Our view on BankNifty is Bullish . Any corrections should be treated as buying opportunity with appropriate stop loss.

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity

NIFTY TRADING SYSTEM

NIFTY FUTURES opened today on a flat note @ 5765 after yesterday’s rally. In the early session after the opening Nifty Futures made an early attempt to pass by the 5850 , but met with some selling pressure in the process making 5845 as intraday high. It made an intraday low of 5758 and consolidated the second half of the session in a narrow range of approx 30 points, finally closing the day @ 5816.

Nifty Futures has managed to keep its bullish bias intact and closed the day above the 5800 mark. We may witness some resistance coming in at 5850 mark and there after at the 5920 mark. On the down side the areas of 5750 and 5670 may act as a support mark attracting fresh bout of new buying.

Our view on Nifty Futures is Bullish. Any dips towards the 5750 mark,should be treated as buying opportunity with appropriate stop loss.

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity

Monday, September 13, 2010

BANK NIFTY TRADING SYSTEM

BANK NIFTY RALLY SHOCKS…………………….

BANKNIFTY FUTURES opened today higher by 65 points @ 11448, at almost the low point of the day and rallied throughout the session to make an life time intraday high of 11874. It finally closed the day @ 11854.

BANKNIFTY FUTURES has managed to close today at the life time high of 11854 , surprising everyone with the pace of its rally. It has broken all the resistance level in its way today to make an life time high for the second consecutive session. The next levels to watch for on upside are 12000 and there after 12200 mark. On the down side it may manage to find buying support @ 11600 and thereafter @ 11400 mark.

Our view on BankNifty is Bullish . Any corrections should be treated as buying opportunity with appropriate stop loss.

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity

NIFTY TRADING SYSTEM

NIFTY FUTURES ON A SPECTACULAR RUN……………
NIFTY FUTURES opened today gap higher by approx 42 points @ 5675 as suggested by the positive close in US , Europe and its peers Asian markets. The opening was almost the low point of the day and it continued the journey upward throught out the session breaking all the resistance in its way to register an intraday high of 5777. Nifty Futures finally closed the bullish day @ 5762.

Nifty Futures has closed the day on a very positive mark closing above the 5750 level with good volumes and excellent momentum opening the door for more upside in coming sessions. The next levels to watch for on upside are 5780 and thereafter the 5850 mark . On the down side the levels of 5700 and 5650 mark may act as support areas.

Our view on Nifty Futures is Bullish. Today’s spectacular rally has taken everyone by surprise and any dips in the market can be treated as buying opportunity with proper stop loss.

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity

Thursday, September 9, 2010

BANKNIFTY TRADING SYSTEM

BANKNIFTY FUTURES opened today on a flat note @ 11191, it was almost the low point of the day and rallied the whole session making an intraday high of 11409 in the last hour of trading. It closed the day with a positive bias @11383.

BANKNIFTY FUTURES managed today to break the double top formation of 11245 and rallied almost 150 point from there to register an life time high of 11409 . Bank Nifty is looking very bullish at moment and the levels to watch for on upside are 11500 and thereafter 11700. On the down side the levels of 11050 and thereafter 10900 may find good buying interest.

Our view on BankNifty is Bullish . Any corrections should be treated as buying opportunity with appropriate stop loss.

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity

NIFTY TRADING SYSTEM

NIFTY FUTURES opened today higher by approx 20 points @ 5615 in line with the US and Asian markets. It made an intraday low of 5597 in the first half of the session, but showed tremendous resilient to global markets and rallied in the second half to register an intraday high of 5639 . Nifty futures closed the day on a very positive note @ 5632 .
Nifty Futures has managed to close above the crucial level of 5600 with good volumes and momentum . Despite the lack of positive cues from global markets, It has managed to close on the upper band of the channel formation of 5400-5650 in daily charts with a positive bias . The levels of 5560 and thereafter 5480 may act as a good buying areas , and the areas of 5650 and thereafter 5720 may act as a resistance zone.
Our view on Nifty Futures is Bullish. After todays positive bias ,any correction in the market should be treated as buying opportunity with proper stop loss.
For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity

Friday, August 27, 2010

NIFTY TRADING SYSTEM

NIFTY ( SPOT): OPEN:5489.60 HIGH:5495.20 LOW:5391.95 CLOSE:5396.85
NIFTY ( FUT ): OPEN:5460.50 HIGH:5489.90 LOW:5398.05 CLOSE:5404.00

Nifty Futures today broke the lower range of the rising channel of 5420 with good volumes and heavy momentum ,closing the day @ 5404. On the downside the crucial level of 5350 will act as a support area, and if broken than we may see Nifty Futures sliding all the way to the important 5250 mark. On the upside we may witness an immediate resistance @ 5480 level and there after the next level to watch for will be the all important 5550 mark.

Our view on Nifty Futures is Flat to Negative . Nifty Futures has broken and closed below the trading range of 5420-5550 on daily charts. Any rallies in the market can be treated as selling opportunity with proper stop loss.

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity.com

Thursday, August 26, 2010

NIFTY TRADING YSTEM


NIFTY ( SPOT): OPEN:5462.10 HIGH:5486.55 LOW:5454.70 CLOSE:5477.20
NIFTY ( FUT ): OPEN:5470.25 HIGH:5489.00 LOW:5458.00 CLOSE:5477.65

Nifty Futures on the august expiry day traded lackluster trying to find the direction on either sides . On the upside it has to cross pass the 5500 mark and thereafter the 5550 level with good volumes and positive momentum to make an attempt towards the 5600 zone. On the down side the level to watch for are 5400 and thereafter the all important 5350 level which may act as a support level to any immediate down fall .

Our view on Nifty Futures is Flat . Nifty Futures is trading in a range of 5420-5550 on daily charts. Hence any dips in the market can be treated as buying opportunity with appropriate stop loss.

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity

Thursday, August 19, 2010

NIFTY TRADING SYSTEM

NIFTY FUTURES opened today on a flat to positive note @ 5490 after yesterdays spectacular last hour rally . Meanwhile there was not much movement noticed in US & Asian markets. Nifty Futures showed continuous positive bias right from the start of the session making an intraday low of 5486 in the opening and thereafter rallying the whole day to an intraday high of 5534. It finally closed the volatile session 5527.

Nifty Futures has managed to close above the crucial 5480 mark for the second continuous session making it positive for the markets to make a first attempt towards the 5550 mark and thereafter @ 5600 level. On the down side 5420 level may act as an support barrier to Nifty Futures resting any sharp falls and the next level to watch for after this is the crucial 5350 mark. On the daily charts we have closed right on the top end of the channel range of 5380 – 5535. We may witness some volatility at this levels.
Our view on Nifty Futures is Bullish. After yesterdays breakout on the upside of Nifty Futures the momentum has turned positive ,hence any correction towards the 5450 mark , can be used as buying opportunity with proper stop loss .

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity

Wednesday, August 18, 2010

NIFTY TRADING SYSTEM

NIFTY FUTURES opened today on a flat note @ 5430 , despite the positive closing from the US & European markets & positive trading in Asian markets. It traded in a very narrow range of 25 point between the intraday low of 5418 and 5442 , until the final hour of the session came as an unexpected major jolt to trading , taking Nifty Future all the way higher to 5494 and closing the day at almost the high point of the day @ 5490.

Nifty Futures has finally managed to break the higher end of the range of 5380 – 5480 with good volumes and momentum and has managed to close above the 5480 mark, which is a positive sign for the markets and a right platform to take it higher to 5550 mark and thereafter at 5600 level. The only word of cautious is that we are trading at the topmost point of the daily channel of 23.07.2010 which is @ 5497. On the down side the support to watch for 5420 mark and there after @ 5350 level .

Our view on Nifty Futures is Bullish . Nifty Futures has finally managed to break the trading range on the up side and any dips in the market can be treated as buying opportunity with appropriate stop loss.

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity

Monday, August 16, 2010

NIFTY TRADING SYSTEM

NIFTY FUTURES opened today on a flat note @ 5453 in line with US & Asian markets as there was not much trading movements seen in those markets. Nifty Futures once again made an early attempt to break pass the 5480 mark but failed to do so in the process making an intraday high of 5474. It witnessed some heavy selling pressure in the second half of the session taking it all the way down below the 5400 mark registering an intraday low of 5393 and finally closing the day @ 5419.

Nifty Futures is stuck in a narrow trading range of 5380 – 5480 and we are witnessing that several attempts by Nifty Futures to break the trading range on either side has been met with continuous failure. Nifty Futures is showing reselience to the global markets and all the action has been shifted to stock specific. As mentioned yesterday Nifty Futures has to close above the 5480 mark to carry on with its upward journey towards the 5550 mark and thereafter to all important 5600 level. On the down side the same 5350 mark and thereafter the 5250 level acts as a strong support levels.

Our view on Nifty Futures is Flat . Nifty Futures is trading in a narrow range of 5380 – 5480 mark , so trades can be initiated on either side with proper stop loss.

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity.com and Register for a Free Trial

Friday, August 13, 2010

NIFTY TRADING SYSTEM

NIFTY FUTURES opened today on a dull note @ 5420 as expected due to the lacklustre trading in Asian markets. Nifty Futures tried to break the 5420 mark in the opening session , but found good buying support making the same intraday low of 5420 in the process . It started the climb towards the higher levels throughout the session , but found renewed selling pressure at the 5480 level in the last hour making an intraday high of 5478 and finally closing the day @ 5458.

Nifty Futures, is moking continuous effort to break either side of the trading range of 5380 – 5480 ,but is meeting with renewed selling pressure at 5480 mark and same is true for lower levels ie it is meeting with heavy buying at 5380 mark. Nifty Futures is stuck in this narrow range of 100 points from almost a month and only a break on either side with good momentum and heavy volumes on closing basis will see fresh 200 point move. Levels to watch for are 5550 and thereafter 5600 on the upside and 5350 and thereafter 5250 on the downside. The action in the market has turned to stock specific with good returns.

Our view on Nifty Futures is Flat . Nifty Futures is trading in a narrow range of 5380 – 5480 mark , so trades can be initiated on either side with proper stop loss.

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity.com and Register for a Free Trial

Wednesday, August 11, 2010

NIFTY TRADING SYSTEM

NIFTY FUTURES opened today slightly lower by approx 12 points @ 5450. It registered an intraday high of 5468 in the opening session, but could not pass through the 5480 mark . Nifty Futures after making an early attempt to go higher , finally failed in the mid session and accelerated the fall in the last hour making an intraday low of 5404 and finally closed the volatile session @ 5406.

Nifty Futures, after making several attempts to break pass the 5480 mark , is witnessing fresh bout of selling pressure and seems to be testing the lower end of the trading range ie 5380 mark .Any level to pass through the 5480 level is met with some heavy selling pressure due to unfavorable global cues and only a comfortable close above this mark will give the required momentum to Nifty Futures ,taking it to higher levels of 5550 and thereafter @ 5600 mark. On the down side we have witnessed good amount of buying coming in at 5350 – 5380 mark and a break of this level on closing basis will take Nifty Futures down very swiftly towards the major support of 5250 mark.

Our view on Nifty Futures is Flat . Nifty Futures is trading in a narrow range of 5380 – 5480 mark , so trades can be initiated on either side with proper stop loss.

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity.com and Register for a Free Trial

Tuesday, August 10, 2010

NIFTY TRADING SYSTEM

NIFTY FUTURES opened today on a slightly lower to flat note by approx 17 points @ 5462. It made an early attempt to break pass the 5480 mark but failed and in a process made an intraday high of 5475. Nifty futures swiftly moved lower to register an intraday low of 5440 and traded the rest of the session in a range bound pattern , finally closing the day @ 5462.

Nifty Futures is still stuck in a narrow band of 5380 – 5480 level and at present making frequent attempts to break the higher side of the range of 5480 and move higher, but a lack of volume and momentum is not helping Nifty Futures for now. At present we have a short term support at 5420 mark and thereafter @ 5380 and a major support comes in at 5250 level. On the upside a break pass the 5480 mark will take Nifty Futures to 5550 level and thereafter to a major resistance @ 5600 zone. Nifty Futures , with a fresh trigger is poised to break on either side with good 200 points movement.

Our view on Nifty Futures is Flat to Bullish . Nifty Futures is trading in a narrow range of 5380 – 5480 mark , so trades can be initiated on either side with proper stop loss.

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity.com and Register for a Free Trial

Tuesday, August 3, 2010

NIFTY TRADING SYSTEM

NIFTY FUTURES opened today on a Flat note @ 5440 despite the positive cues from US & Asian markets. It tried to pass by the 5450 mark in the opening session , but found bout of selling pressure making an intraday high of 5448 in the process. Nifty Futures made an intraday low of 5418 in the mid session and finally closed the day on a dull note @ 5435 . Today’s trading range was only 30 points from the low to high.

Nifty Futures is unable to pass the stiff resistance of 5480 and is meeting fresh bout of selling pressure , every time it makes an attempt to break pass this resistance. On the down side it is meeting with fresh buying @ 5380 level. It seems that Nifty Futures is stuck in a narrow range of 5380 – 5480 level and is looking for fresh trigger to break the range. Nothing much is happening in Nifty Futures and all the action is shifted towards individual stocks. The levels to watch for are 5480 and thereafter 5500 on the upside and 5350 and thereafter 5250 on the down side.

Our view on Nifty Futures is Flat . Since it is stuck in a narrow range , any dips could be used as buying opportunity with proper stop loss.

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity.com and Register for a Free Trial

Monday, August 2, 2010

NIFTY TRADING SYSTEM

NIFTY FUTURES opened today Higher by approx 37 points @ 5408 in line with positive trading in Asian markets. The opening was almost the intraday low of the session @ 5402 and mentioned the positive bias through out the day. Nifty Futures closed at almost the high point of the day @ 5440 , making an intraday high of 5442 in the process.

Nifty Futures has broken the triangle pattern on the upside ,which was forming from the previous 12 session ,and is well poised to move higher . On the upside Nifty Futures will test the time , with major resistance standing in at 5480 zone. Only a positive support from the global markets and a positive commitment from the local markets backed by good volumes will move it higher towards the next major resistance 5500 – 5600 area. On the down side we still have a support in place at 5350 area, and a break of this support will take Nifty Futures towards the next major support @ 5250 zone.

Our view on Nifty Futures is Flat to Higher . Nifty Futures is generating a good buying interest in the 5350 – 5380 zone , as a result any correction in the market can be treated as a buying opportunity with appropriate stop loss.

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity.com and Register for a Free Trial

Wednesday, July 28, 2010

NIFTY TRADING SYSTEM

NIFTY FUTURES opened today on a flat note @ 5444 in line with its US & Asian markets. It tried twice to break pass the 5450 mark in the process making 5445 as in intraday high and finally collapsed, in the mid session towards the 5385 mark making the same as intraday low. Nifty Futures finally managed to close the session @ 5393.
As mentioned from previous 2 days, Nifty Futures is stuck in an narrow range of 5380 – 5480 , and today it found buying support at the lower end of the range ie at 5385 mark. Nifty Futures has managed to close below the rising trendline from 07.07.2010 and is poised for more down side. Probably we expect to find support @ 5350 mark, and the failure at this level will take Nifty Futures all the way down to 5250 major support zone. On the up side only a comfortable break and close above the 5480 mark will trigger the next bout of fresh buying taking Nifty Futures towards the 5550 – 5600 mark.

Our view on Nifty Futures is Flat . Since Nifty Futures is stuck in a narrow trading range of 5380 – 5480 . Opportunities arising on both sides can be traded with proper stop loss. The major trend is still on upside.

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Tuesday, July 27, 2010

NIFTY TRADING SYSTEM

NIFTY FUTURES opened higher today by approx 20 points @ 5435 in line with the 100 points rise in the US markets. Nifty Futures waited for the interest rate news and after that we witnessed a two way movement making an intraday low of 5410 and then to test the 5460 mark , making same as intraday high in the process. Finally Nifty Futures closed the session @ 5433 .

Even with the major trigger of interest rate news, Nifty Futures still could not break the narrow range of approx 100 points between 5380 – 5480 ,made from the last 4 days . On the upside the 5480 mark is acting as a major barrier and market is trying to break that barrier from past 2 days but in vain. Only a close above this level with good volumes and momentum will take Nifty Future towards the 5550 – 5600 target zone. On the down side Nifty Futures has to break the major support 5350 level to negate the up ward momentum and test the next major support @ 5250.

Our view on Nifty Futures is Flat to Bullish. Nifty Futures is giving enough trading opportunity to traders ,since it is stuck in a trading range of 5380 – 5480 . The trend is on upside, and any dips can be bought into with proper stop loss.

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity.com and Register for a Free Trial

Monday, July 26, 2010

NIFTY TRADING SYSTEM

NIFTY FUTURES opened almost flat @ 5460 as expected due to uneventful Asian markets . It made a decent attempt to pass by the 5480 mark in the early session but could not do so making an intraday high of 5464. Nifty Futures after trading dull for few hours, finally collapsed to an intraday low of 5417 and closed the day at 5418.50 .

Nifty Futures again seems to be consolidating in a narrow range of approx 100 point ie between 5380 – 5480. On the upside Nifty Futures has to break pass the 5480 – 5500zone with good volumes to meet our intermediate target of 5550 – 5600. On the down side any close below the 5350 level will negate the upward momentum and take Nifty Futures to the next major support of 5250.

Our view on Nifty Futures is Flat to Bullish. Nifty Futures is stuck in a band of 5380 – 5480 and any dips towards the support area of 5380 can be used as a buying opportunity with appropriate stop loss

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity.com and Register for a Free Trial

Friday, July 23, 2010

NIFTY TRADING SYSTEM

NIFTY FUTURES opened today on higher by approx 30 points @ 5475 in line with the positive closing from US markets. It was almost the intraday high point of the day and continuously melted down from there as the session progressed , making an intraday low of 5428 in the process . Nifty Futures closed the session @ 5444.

Nifty Futures touched the resistance of 5480 in the early session and corrected from there towards the 5420 level. On the upside Nifty Futures seems to find the selling pressure emerging at 5480 level and a break of this level will take the market to a next crucial zone of 5550 – 5600. On the down side the level of 5350 seems to be acting as a s major support zone . Expect the Nifty Futures to trade in a range of 5350 – 5480 area for now

Our view on Nifty Futures is Bullish. Any dips towards the 5420 area should be used as a buying opportunity with proper stop loss for a target of 100 points from this level.

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity.com and Register for a Free Trial

Thursday, July 22, 2010

NIFTY TRADING SYSTEM - AAKSHARSTOCK.COM

NIFTY FUTURES IN A VOLATILE TRADING MOOD……………….

NIFTY FUTURES opened today on a flat note @ 5388 in line with the US & Asian markets. It traded the first half of the session in a dull mode with a range of only 20 points, making an intraday low of 5375. Nifty Futures witnessed a sudden bout of buying pressure emerging in the later half of the session making an intraday high of 5459 , surpassing the previous high of 5354 made on 14.07.2010. It finally closed the day @ 5448 .

Nifty Futures has broken the narrow range of 5350 – 5420 of previous few trading sessions and have finally managed to close above the minor resistance of 5420. On the upside the next resistance now comes in at 5480 and thereafter at the crucial 5550 – 5600 zone . On the down side a break of the major support @ 5350 mark with good volumes and momentum will take Nifty Future all the way down to the next crucial level of 5250.

Our view on Nifty Futures is Bullish. Corrections in Nifty Futures toward 5380 area can be used as a buying opportunity with proper stop loss.

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity.com and Register for a Free Trial

Wednesday, July 21, 2010

NIFTY TRADING SYSTEM

NIFTY FUTURES OPENED Today on a flat tone @ 5382 after the late recovery in US markets. It was stuck in a very narrow range of only 33 points ,making an intraday high of 5412 and intraday low of 5379 . Nifty Futures closed the day on a dull note @ 5399.

Nifty Futures is stuck in a very narrow range of 5350 – 5420 from last 7 days and is looking for a trigger to break out of this trading range. On the upside we have a minor resistance @ 5420 and there after the major resistance comes in between 5450 – 5480 zone and any movement pass through this price with good volumes will take Nifty Futures all the way towards our intermediate target level of 5600. On the down side a break and closing below the 5350 mark will take Nifty Futures towards a major support @ 5250 , which is acting as a major buying zone for now.

Our view on Nifty Futures is Flat to Bullish. Any dips in Nifty Futures toward 5350 area could be used as a buying opportunity with appropriate stop loss.

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity.com and Register for a Free Trial

Friday, July 16, 2010

NIFTY TRADING SYSTEM

NIFTY FUTURES OPENED Today on a muted tone @ 5380.It made an intraday day low of 5371and very steadily gained ground to close the day above 5400 @ 5401.The intraday high for Nifty Futures was @ 5405.

Nifty Futures is consolidating its recent gains for an upmove towards higher levels.The most near term target for Nifty Futures comes in at 5500 level.There seems to be building a head and shoulder pattern on the intraday charts.The neckline of which comes in at 5350 - 5360 area.A close below this area, will swiftily take Nifty Futures down towards the 5230 support area.

Our view on Nifty Futures is Bullish for now.Only a close below 5350 will end the near term bullish sentiment and take Nifty Futures towards 5225.On the upside, we maintain our immediate target of 5500 zone.

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity.com and Register for a Free Trial

Wednesday, July 14, 2010

NIFTY TRADING SYSTEM

NIFTY FUTURES OPENED TODAY on a slight positive tone @ 5427.It very quickly made a new intraday high @ 5453 and sold off almost the whole day.The selling gained momentum in the last hour and Nifty Futures broke below the 5400 mark and closed at almost the low point of the day @ 5283.

Nifty futures is going through a bout of Profit taking.Expect Nifty to consolidate in a narrow range of 100 points from the high's.There is minor support for nifty futures at 5320 area.And only a close below 5200 level will end this near term upmove.On the upside, Expect some resistance near today's high of 5450 zone , and thereafter @ 5500 mark.

Our view on Nifty Futurse is Positive.Today's selloff should be used to re enter Nifty Futures at lower levels with appropiate Stoploss.Our immediate target of 5500 level is still intact.

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity.com and Register for a Free Trial

Tuesday, July 13, 2010

NIFTY TRADING SYSTEM

NIFTY FUTURES OPENED Today on a Flat note @ 5375 in line with the US & Asian markets. It spend the whole day consolidating in a narrow range of only 25 points, and the sudden bout of buying in the late session , lead Nifty Futures to an Intraday high of 5422 . It finally closed the day near the session high at 5419.

Slow and Steadily, Nifty Futures is grinding higher toward our immediate Target of 5500 mark. On the upside, with a continuous positive momentum , we could easily achieve the levels of 5600 – 5650 . On the downside , the near term support now comes in at 5320 mark. Only a close below the 5200 level will end the short term positive momentum and will take the Nifty Futures back towards the 5000 mark.

Our View on Nifty Futures is Bullish . Any dip towards the 5350 mark should be used as a buying opportunity for our immediate Target of 5500 level.

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity.com and Register for a Free Trial

Friday, July 9, 2010

NIFTY TRADING SYSTEM

NIFTY FUTURES OPENED Today on a very Bullish momentum at 5330 up by 25 points and market kept grinding higher slow and steadily.It made an intraday low of 5325.50 and an intrady high of the day was 5367.50.Nifty futures managed to hold above the 5350 mark through out the day and finally closed the at 5353.

Finally, Nifty Futures has managed to break out of the 2 weeks consolidation and managed to close above the triangle pattern.The weekly close on the charts is also very encouraging.Now, a close above today's high ie 5375 will add fuel to the fire and take Nifty Futures towards our intermediate target of 5550.On the downside, the support is at 5300 and only a close below 5200 will change the Positive near term trend of Nifty Futures.

Our View on Nifty Futures is Bullish for now.But heavy Buying will only emerge once Nifty Futures is able to take out the 5380 - 5400 zone.We could easily see the levels of 5550 if there is strong momentum with good Volumes.

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity.com and Register for a Free Trial

Wednesday, July 7, 2010

NIFTY TRADING SYSTEM

NIFTY FUTURES OPENED TODAY With a minor gap down of 10 points at 5288, this was the high point of the day and market kept drifting lower the whole day.It made a small attempt to pull back in the mid session but sold off towards the end.Nifty futures made an intraday low of 5235.50 and closed the day @ 5247.

This has been one of the most non event Two weeks as far as Nifty Futures is Concerned.A major break of the consolidation is needed for Nifty Futures to regain momentum on either side.The Lower support is at 5200 - 5220 area whereas the resistance is at 5320 - 5350 zone.The Higher time charts suggest an upside break out whereas vice versa intraday charts suggest a downside break down.

We are neutral for Nifty Futures, as a break out of the trading range is required for a confirmed trade on either side with proper stoploss.The medium term downside target measures to 4950 and the Upside target suggets all the way upto 5650 mark.

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity.com and Register for a Free Trial

Tuesday, July 6, 2010

NIFTY TRADING SYSTEM - AAKSHARSTOCK.COM

Nifty Futures opened today on a flat note @ 5235 near yesterday’s closing price. It was almost the low point of the day and Nifty Futures continued its upward journey throughout the day. In the process, it even managed to get pass the 5300 mark, making an intraday high of 5314. It finally closed the day at the 5300 level.

Despite today’s good momentum , Nifty Futures is still struck in a Triangle pattern on intraday charts. It is almost 2 weeks ,since it is trading in a narrow range of almost 100 points. On the upside, the triangle pattern resistance comes in at 5320 and only a close above this level with good volumes will give a medium term target of 5600. Being cautious, watch out for a close below 5200 mark, as this will be bearish for Nifty futures and vulnerable to more losses towards the 5050 level.

Our view on Nifty Futures is Neutral . As it is stuck in a narrow of almost 100 points, it’s advisable to wait for a decisive break on either side of the triangle pattern , for a good 200 point move.

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity.com and Register for a Free Trial

Monday, July 5, 2010

NIFTY TRADING SYSTEM

LACKLUSTRE TRADE IN NIFTY FUTURES DUE TO BHARAT BANDH………..

Nifty Futures , despite a rate hike on Friday , opened today on a flat note @ 5240. It spend the whole session in a very narrow range of 30 points , making an intraday high of 5265 and an intraday low of 5235. Nifty Futures closed the day almost unchanged @ 5246.

Nifty Futures is struck in a Triangle pattern on intraday charts, unless it breaks on the either side of it, we are in for some more consolidation in Nifty Futures.The downside support comes in at 5220 and a close below this level is required for Nifty Futures to test lower levels.And on the upside, close above 5320 area is required for the upside target of 5450 - 5500.

Our view on Nifty Futures is Negative .As there is so much emphasis on Out performance by our Markets, We are in for some serious melt down if IMPORTANT levels give way as there is lot of catching up to do.So be cautious, Bulls will only be back above 5350 level.

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity.com and Register for a Free Trial

Friday, July 2, 2010

NIFTY TRADING SYSTEM

NIFTY FUTURES IN A CONSOLIDATION MODE........................

NIFTY FUTURES OPENED Today very flat near yesterday's close at 5254.It spent the whole day in a very narrow range of only 44 points.Nifty futures made an intraday high of 5284 and an intrady low of 5240.It met with some selling pressure towards the end thus closing the day @ 5243.

As mentioned yesterday, Nifty Futures is struck in a Triangle pattern on intraday charts, unless it breaks on the either side of it, we are in for some more consolidation in Nifty Futures.The downside support comes in at 5220 and a close below this level is required for Nifty Futures to test lower levels.And on the upside, close above 5320 area is required for the upside target of 5450 - 5500.

Our view on Nifty Futures is Negative .As there is so much emphasis on Out performance by our Markets, We are in for some serious melt down if IMPORTANT levels give way as there is lot of catching up to do.So be cautious, Bulls will only be back above 5350 level.

For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity.com and Register for a Free Trial.

Thursday, July 1, 2010

NIFTY TRADING SYSTEM

NIFTY FUTURES OPENED Today on a negative tone in lines with Dow jones @ 5270, down by almost 50 points.It made an early intraday high at 5275 and melted down towards the support zone of 5200.Nifty Futures made a low of 5231, but managed to gain ground and closed the day @ 5259.

Nifty Futures has made a triangle formation on the intraday charts.A close below 5220is required to break below the triangle pattern giving us a target of 5100. And if the momentum continues, we could slide all the way down towards 4950 area.On the upside , we could test resistance at 5320 zone now.But only a close above 5350, will lead to a major recovery.

Our view on Nifty Futures is Negative. Any rise of Nifty futures should be used as an opportunity to short the Market with a stoploss of 5350.

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Wednesday, June 30, 2010

NIFTY TRADING SYSTEM

NIFTY FUTURES Opened today lower by just 30 points @ 5239 despite the heavy negative cues from US , Europe & Asian markets ,as each markets were lower by more than 2%. Nifty Futures found good buying support at the intraday low of 5225 made in the opening and immediately started its journey upward showing resilence to global markets and registered the intraday high of 5323 up by almost 100 point from the days low. Nifty Futures finally closed the volatile trading session day @ 5320.

Nifty Futures found good buying support at the 5220 mark. There is a good support at 5180 – 5200 zone . Only a close below this support zone will make markets vulnerable to lower levels , and the next major support comes in at the psychological mark of 5000. On the up side Nifty Futures seems to be capped at the resistance level of 5350 and only a close above this level with good momentum and volume will take the Nifty Futures higher to the next major resistance area of 5450 – 5500.

Our View on Nifty Futures is Bearish to Neutral. Nifty Futures seems to be trading in a range of 5200 – 5350 . For now any rise in the market should be treated as a selling opportunity with proper stop loss .

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Tuesday, June 29, 2010

NIFTY TRADING SYSTEM

NIFTY FUTURES Opened on a flat to negative @ 5322 down by 15 points. It was the intraday high point of the day and markets kept on slipping towards the lower levels of 5250. The negative news from Europe dampened the market sentiment and Nifty Futures made an intraday low of 5240 . It finally managed to gain some ground and closed the day @ 5268 .

Nifty Futures broke below an immediate support of 5280 making it vulnerable to more down side. The next major support for Nifty Futures comes in at 5175 – 5180 zone. Only a close below this critical area of 5180 will lead the market toward the psychological level of 5000. On the upside , a close above the 5350 mark will bring back the positive sentiment , taking Nifty Futures towards the 5450 - 5500 zone.

Our View on Nifty Futures is Bearish. The immediate trend is negative for now. Any rise in Nifty Futures should be used as a selling opportunity with a stop loss of 5350 for the medium term target of 4950.

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Friday, June 25, 2010

NIFTY TRADING SYSTEM

NIFTY FUTURES Opened Today on a negative tone @ 5298 down by 22 points.It spent the whole day in a narrow range of approx 60 points making an intraday high of 5334 and an intraday low of 5273.Nifty Futures finally closed the day @ 5286.

Nifty Futures is going through a consolidating phase struck in a range for past couple of days.A close above 5350 is required to regain the upside momentum in Nifty Futures and attract Bulls back into the markets.On the downside , 5250 area would act as a minor support for Nifty Futures.Only a close below 5150 zone will give a bearish signal and attract Bears back in Nifty Futures.

Our View on Nifty Futures is cautious for now. The intermediate trend is Bullish, But Nifty is facing some heavy resistance @ 5350 level.Nifty is poised for a correction towards 5150 to 5200 zone where Buying may re-emerge in Nifty Futures.

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Thursday, June 24, 2010

NIFTY TRADING SYSTEM

NIFTY Futures Opened Today flat to negative @ 5331.It made an early attempt to get pass 5350, and in the process made an intraday high of 5353.Nifty Futures met with some selling pressure near the high's and broke below the 5300 mark. It made an intraday low of 5287, but finally recovered and closed the day @ 5320.

Nifty Futures has an immediate support zone near the 5275 - 5280 area. And a break below this, will take Nifty Futures all the way down to the major support level of 5200.Its forming a triangle pattern on the intraday charts, and a close above 5350 is required to regain some strenght in Nifty Futures. This will take Nifty Futures towards 5450 - 5500 mark.

Our View on Nifty Futures is Bullish. But as mentioned earlier, it is looking toppish on the charts and require a 2% correction from present levels.Only a close below the 5190 - 5200 will end the near term Bullish momentum for now.

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Wednesday, June 23, 2010

NIFTY TRADING SYSTEM

Nifty Futures opened today down by only 23 points @ 5303 in comparision to US & Asian markets which were lower by 1 – 2% each. After opening lower it made continuous attempts to break pass the 5350 mark , but could not do so as a result made an intraday high of 5344 in the process. Nifty futures made an intraday low of 5296 and finally closed the session at the high point of the day at 5343.

Nifty Futures seems to be consolidating in a narrow range of 5300 – 5400. A break of this narrow range of 5300 – 5400 will move the markets heavily in that particular direction. The important support zone lies in between 5300 – 5250 and resistance comes in at 5400-5450 zone.

Our view on Nifty Futures is Bullish. Nifty futures looks poised to break pass the 5400 mark with the serie expiry on coming thursday . Any dips towards the 5300 area can be a good buying opportunity with proper stop loss.

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Tuesday, June 22, 2010

NIFTY TRADING SYSTEM

Nifty Futures opened today flat to lower by 12 points @ 5342 , due to lackluster trading in US & Asian markets. It was trading flat most of the session , and tried to move higher in the later half but met with selling pressure, making an intraday high of 5359 and intraday low of 5311 in the process. Nifty Futures settled the day @ 5325.

Nifty Futures today tried to consolidate yesterdays move and traded in a narrow range of only 48 points throughout the session. As mentioned yesterday the important levels to watch for in Nifty Futures is 5300 and there after 5250 on the down side and 5400 and 5450 mark on the upside.

Our view on Nifty Futures is Bullish. Nifty futures will try to scale pass the high of 5400 before the series expiry this weak. Only a close below the 5250 mark with heavy volumes will negate any up side momentum. The immediate levels to watch for is 5400 on upside and 5300 on the down side.

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Monday, June 21, 2010

NIFTY TRADING SYSTEM

Nifty Futures opened today with a gap up of approx 66 points @ 5325 in line with the positive opening from the Asian markets. It started its upward journey right from the beginning of the session , making an intraday high of 5377 after registering an intraday low of 5316 in the opening few minutes. Nifty Futures finally settled the day @ 5354.

Nifty Futures seems to be scaling new highs with each passing day , failing today just short of 20 points from its 7th April 2010 high of 5398. The next important support for Nifty Futures is @ 5300 and there after at the major trendline support of 5250 mark. The major resistance comes in at 5400 and thereafter @ 5450.

Our view on Nifty Futures is Bullish. Look out for the levels of 5300 - 5250 on the down side and 5400 - 5450 on the upside.

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Friday, June 18, 2010

NIFTY TRADING SYSTEM

Nifty Futures opened Flat today near yesterday's close @ 5275. In very early session, Nifty made an attempt to break pass the 5300, but failed and led to some profit takings.It made an intraday high of 5297 and sold off towards 5250 making an intraday low of 5248 closing the day @ 5258.

With the excitement relating the RIL AGM behind us, and all the rumours of Ambani brothers coming together taking a back seat, Nifty Futures sold off as soon as the AGM was over. Nifty Futures now has a very important support at 5200 level and a close below this will take it all the way down towards 5050 zone.On the upside, 5310 is the near term hurdle for Nifty Futures.Heavy resistance for Nifty Futures stands between 5350 - 5400 area.

Our view on Nifty Futures is Bullish. But Since Nifty is looking very over bought on the charts, expect minor corrections on the way towards 5400 and if the momentum is strong we could get all the way up to 5550.

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Monday, June 14, 2010

NIFTY TRADING SYATEM

NIFTY FUTURES CLOSES ABOVE 5200 MARK...................

NIFTY Futures has managed to open with a gap of 25 points @ 5138. This was the low point of the day for Nifty Futures. It re-tested the support in the intraday and found very good buying near the lows.Nifty Futures broke above 5150 levels and closed at almost high point of the day at 5205.

Today, Nifty futures has shown some tremendous resilience and has managed to close above the 5200 mark.Now, only a close above 5230 level is required to regain positive momentum and take it higher towards 5350 area.On the downside, near term immediate support comes in at 5080 zone.

Our view on Nifty Futures is Neutral. Nifty Futures has to capitalise on the gains made today and give a positive close tommorrow above an important level of 5230 mark.Or else this rally could be used as a shorting opportunity with appropiate stoplosses. Now, only a close below,5000 level will bring in fresh selling momentum.

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Thursday, June 10, 2010

NIFTY TRADING SYSTEM

NIFTY FUTURES SURGED IN LATE SESSION.

Nifty Futures opened today on a flat note near yesterday's close @ 5008. It spent most of the day in an narrow trading range of 30 point , but towards the end it rallied quiet smartly making an intrady high of 5093.It closed the day @ 5090.50.

Nifty futures is still witnessing heavy volatility and is stuck in a range of 200 points.On the downside, it has managed to gather good support @ 4920 zone and On the upside, immediate resistance stands at 5125 mark.Only a decisive close above 5220 with heavy Volumes will change the short term trend to Bullish.

Our View on Nifty Futures is Cautious. Any Rallies should still be used to sell Nifty Futures with appropiate stoplosses above 5220 zone for an immediate target of 4920 and thereafter if momentum continues @ 4800 mark.

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Wednesday, June 9, 2010

NIFTY TRADING SYSTEM

Nifty Futures opened on a flat note @ 4953 at the low point of the day . It rallied almost 100 points to make an intraday high of 5046, but failed to get pass the 5050 mark and met with heavy selling. It regained some buying support @ 4970 mark and finally closed the day @ 5008.

Nifty Futures has once again met with some heavy intraday volatility swinging 100 point on either sides. The near term support for Nifty Futures now comes in at 4950 and there after at the all important level of 4800. Expect heavy selling once Nifty (Spot) goes below 4960 mark. Being an inside day trading range today the resistance still stands at 5050 and there after the major resistance level of 5150.

Our view on Nifty Futures is Bearish. Only a comfortable close above 5220 mark with heavy volumes will negate the down side pressure for Nifty Futures. Any rallies should be sold into with appropriate stop losses.

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Tuesday, June 8, 2010

NIFTY TRADING SYSTEM

Nifty Futures opened today on a flat note @ 5030. It made an early attempt to break pass the 5050 mark but failed in the process making an intraday high of 5054. Due to late heavy selling pressure, Nifty Futures tumbled below the 5000 mark and made an intraday low of 4937, finally closing the session @ 4966.

Nifty Futures has broken below the important lower end of the channel support mentioned yesterday @ 4980 level. Todays close below the important support zone suggest further losses in the coming few sessions. The near term support for Nifty Futures now comes in at 4920 and there after at the crucial 4800 level. On the upside , immediate resistance now comes in @ 5050 and there after the major resistance falls in at 5150 mark.

Our view on Nifty Futures is Bearish. Only a comfortable close above 5220 mark with heavy volumes will negate the down side pressure for Nifty Futures. Any rallies should be sold into with appropriate stop losses.

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Monday, June 7, 2010

NIFTY TRADING SYSTEM

Nifty Futures opened today with a heavy gap down of 106 points @ 5011 on account of bearish US , Europe & Asian markets. It made an intraday double bottom at the lows of the day ie 4985. Attracting some short covering at the lower levels, Nifty Futures managed to crawl back above the 5000 level ,to make an intraday high of 5032. It closed the day at 5029.

Volatility is the name of the game from past couple of weeks. Nifty Futures has made an important support zone around 4800 levels. There is a channel formation on the intraday chart suggesting an upside of 5200 and the lower channel support is at 5000 mark. Only a close below 4980 – 5000 zone will be negative for Nifty Futures , and take it down lower towards the 4800 mark. On the upside, the minor resistance is now stands at 5125 and only a close above the 5250 mark will negate any down side momentum and take Nifty Futures to higher levels.

Our view on Nifty Futures is Neutral to Bearish. Any rallies towards the 5125 mark , should be treated as a selling opportunities with proper stoploss for an immediate target of 4950 and thereafter at 4800 mark.

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Friday, May 21, 2010

NIFTY TRADING SYSTEM

NIFTY Futures opened on a gap down by almost 100 points @ 4851 due to the major slide in US,Europe & Asian markets . It opened on the low point of the day and found good buying support at that level rising through out the day to register an intraday high of 4943 and finally closing the day @ 4927. Nifty Futures witnessed a very volatile session and a big trading range of 100 points.

Nifty futures tested the level of 4850 in the opening and found good support at that level. The major support level on the down side to watch for is 4820 – 4850 zone and a break of this level will take the markets still lower to 4700 mark. On the upside the major resistance comes in @ 5020 mark, were we may witness fresh bout of new selling pressure emerge . Any rallies in the Nifty Futures should be taken as a selling opportunity, with a proper stop loss.

Our view on Nifty Futures is Bearish. The important levels to consider are 4820 – 4850 zone on the down side and 5020 level on the upside. Nifty Futures is showing a downside bias. Only a closing above the 5020 mark with good volumes and momentum ,will be positive for the markets.

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Thursday, May 20, 2010

NIFTY TRADING SYSTEM

NIFTY TAKES A BREATHIER TODAY ……….

NIFTY Futures opened on a flat to slightly positive tone @ 4946 as expectation as not much movement was witnessed in global markets. It traded the session in a range of almost 50 points taking a breathier from yesterdays sharp down move. Nifty futures made an intraday low of 4926 and a high of 4976, finally settling the day on a flat note @ 4948.

Nifty futures spend todays whole session in a narrow range of 50 points taking a breathier. As we witnessed today was a second consecutive close below the 4950 mark, giving negative bias to the markets. It seems Nifty Futures may trade in a range of 4900 – 5020 range for the time being. A break on either side will move the market swiftly in that direction.

Our view on Nifty Futures is Bearish. The important levels to watch for are 4900 and thereafter 4820 on the down side and 5050 on the upside. Nifty futures is looking vulnerable to more losses and we may see a break of the support areas , as selling pressure is emerging on every rise.

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Wednesday, May 19, 2010

NIFTY TRADING SYSTEM

NIFTY TUMBLES BELOW 4950 ……….

NIFTY Futures opened on a weak note with a huge gap down of 60 points @ 5006 due to the negative sentiment from the US and Asian markets. It held the first half of the session making an intraday high of 5020, but quickly crashed from that level ,once the European markets opened, making an intraday low of 4901 and finally closing the day @ 4925 . The fall was triggered due to the weak global cues and jitters in European markets.

Nifty futures has broken and closed below the important level of 4950 ,opening the door for more weakness in coming sessions. Nifty Futures may find a minor support @ 4900 level , but the next major support comes in @ 4800 – 4820 zone. On the upside we may find minor resistance @ 4980 area and thereafter the major selling pressure may arise @ 5050 – 5050 zone.

Our view on Nifty Futures is Bearish. Nifty Futures has finally broken down the important 4950 area , making it vulnerable to test the next major support @ 4820 level. On the upside the major resistance now lies in @ 5020 , were we may witness a fresh bout of selling pressure.

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Tuesday, May 18, 2010

NIFTY TRADING SYSTEM

NIFTY Futures opened on a flat note @ 5055 , due to the flat trading in US and Asian markets. It tried to move lower in the early part of the session ,but found buying support making an intraday low of 5018 in the process. Nifty futures rallied in the second half of the session to make an intraday high of 5108 and met the selling pressure at that level, finally closed the day @ 5065.

Nifty futures seems to be trading in a range of 4950 – 5120, and has managed to hold the 4950 mark on the down side. On the upside it is trying to break pass the 5120 mark , but is meeting with selling pressure , due to global cues. The levels to watch for is 5000 and thereafter the important 4950 mark on the down side and 5120 - 5150 mark on the upside. A break on either side will give good momentum to Nifty Futures , to move in that direction.

Our view on Nifty Futures is Neutral to Bearish. Nifty Futures is stuck in a band of 4950 – 5120 range, giving ample volatility to the markets.

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Monday, May 17, 2010

NIFTY TRADING SYSTEM

NIFTY FUTURES ON A VOLATILE PATH…………………..

NIFTY Futures opened today on a big gap down by approx 52 point @ 5018 in line with the weakness in US and Asian markets. It quickly went lower to test the 4950 mark making an intraday of 4962 in the process and found good support at that level. Nifty Futures made a sharp recovery towards the second half of the session making an intraday high of 5075 and finally closing the day @ 5055.

Nifty futures has managed to hold itself above the 4950 mark making it slightly positive for the time being. The next levels to watch for are 5150 and thereafter 5220 on the upside and 4950 on the downside. Any close on the down side below the 4950 mark with good volumes will take the markets to lower levels. On the upside a close above the 5220 mark will lend some positive movement to the markets.

Our view on Nifty Futures is Neutral to Bearish. Nifty Futures has managed to hold the important support of 4950 for the now. It is likely that Nifty Futures may trade in a band of 4950 and 5150 for time being.

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Friday, May 14, 2010

NIFTY TRADING SYSTEM

NIFTY FUTURES TUMBLES ON LATE SELLING………….

NIFTY Futures opened today on a flat to negative tone @ 5163. It made an early attempt to break higher pass the resistance of 5220 , but could not do so and made an intraday high of 5202. Nifty Futures witnessed a last hour sell off after the weakness in European markets ,and tumbled towards the intraday low of 5158 and finally closing the session @ 5070.

Nifty futures has managed to close below the all important level of 5080 with good momentum, making it vulnerable to more losses in the coming sessions. Nifty Futures has to break pass the 5220 area and thereafter the 5280 zone with good volumes to witness any fresh bout of buying . On the down side the important level of 5080 has been broken and the next level to watch for is 4950 zone. Future

Our view on Nifty Futures is Bearish. It has closed below the important level of 5080 showing more down side bias. The next level to watch for is 4950 on the down side and 5220 on the upside.

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Thursday, May 13, 2010

NIFTY TRADING SYSTEM

NIFTY Futures opened today with a minor gap up of 25 points @ 5185. It made an early attempt to break above 5220, but failed. It made an intraday high of 5217.65 in the process.Towards the mid session, Nifty futures sold off to make an intraday low of 5165. It closed the day almost flat with thin volumes @ 5183.

Nifty futures seems to lack momentum to regain higher levels.There is enough selling on every attempt to rally. The important level to watch for Nifty futures is a close above 5280 - 5300 area. This will regenerate fresh excitement in Bulls taking it much higher towards 5550 zone. On the downside,there is minor support area of 5125 to be watched.Only a close below 5080, will gain fresh downside momentum for Nifty Futures.

Our view on Nifty Futures is Neutral. Nifty Futures is once again seem to be struck in a range of 5280 on the upside and 5080 on the downside. The breaking on either side will trigger fresh momentum.

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Wednesday, May 12, 2010

NIFTY TRADING SYSTEM

NIFTY FUTURES CONSOLIDATING BETWEEN 5100 – 5200 ……..

Nifty futures opened on a flattish note @ 5131 and tried to move higher pass the 5180 area ,but could not do so in the process making 5167 as an intraday high. Nifty futures could not hold to the higher levels and sold off to make an intraday low of 5088 and finally closing the session @ 5149.

NIFTY Future after making a tremendous comeback yesterday , consolidated in the range of 5080 - 5180 trying both the ends to break on either sides. The important level to watch for is 5185 - 5210 on the upside and 5080 area on the down side. Only a close above the 5300 zone with good volumes will give markets the much needed momentum to move higher .On the downside the 4950 zone will be very critical for Nifty Futures.

Our view on Nifty Futures has turned Neutral . It is attempting to break the narrow consolidation zone of 5080 – 5180 to make a decent move on the either side. Watch out for 5210 on the upside and 5080 on the downside.

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Monday, May 10, 2010

NIFTY TRADING SYSTEM

NIFTY FUTURES CLOSES ABOVE 5200...........

Nifty futures opened today with a huge gap up of 52 points @ 5080. This was the low point of the day and Nifty futures quickly rose above 5150 level aswell. And towards the closed , Nifty Futures gathered renewed strenght to close near the highs above 5200.

NIFTY Future made a tremendous comeback after recent days selloff due to greece situation.The Nifty had gone into a serious over sold zone which has been corrected today. Nifty is still

Friday, May 7, 2010

NIFTY TRADING SYSTEM

NIFTY Futures once again opened down with a gap of 78 point @ 5014. It made an intraday low of 4976 and an intraday high of 5043. Nifty futures finally closed the day on a cautious note at 5032.

With the European crisis still not settled, expect Volatility to continue in our markets. But even though the trend is down, most individual scrips are heavily over sold on charts.Expect some kind of relief rally if the Greece relief package details is as per the expectation.Nifty has support near the 4950 mark for now.A break below this will take nifty futures all the way down to 4800.

Our View on NIfty Futures is Bearish. But we do not recommend selling Nifty Futures at current levels. Please wait for a relief rally to short into.Nifty futures can rally upto 5150 mark before facing minor resistance. Only a close above 5250 will change the short term direction of Nifty Futures.

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Thursday, May 6, 2010

NIFTY TRADING SYSTEM - AAKSHARSTOCK.COM

GOOD TWO WAY MOVEMENT IN NIFTY FUTURES…………

NIFTY Futures opened today with a minor gap down of approx 20 points @ 5112. But , it lost some ground right in the early session and broke below yesterday support of 5050 and made an intraday low of 5025.Very quickly Nifty Futures reversed the losses to make a fresh intraday high of 5114.50. It finally closed the day @ 5094.

Nifty Futures is going through some very volatile times and bouncing with every news coming out of Europe and US.Nifty is facing some stiff resistance above the 5150 mark and only a close above 5250 will bring positive momentum back to the markets. On the downside, still 4950 is very strong and crucial support for nifty futures.

Our view on Nifty Futrures is still Bearish. No important resistant level has been breached on the upside, so very rally should be used to sell in Nifty Futures with an immediate target of 4950.

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Wednesday, May 5, 2010

NIFTY TRADING SYSTEM

LATE RECOVERY IN NIFTY FUTURES.........

NIFTY Futures Opened today down by 60 points @ 5071.With the Global cues very negative at the open it touched an intraday low of 5053.But very quickly it found some support near the lows and in the lale session it manage to climb above the 5100 mark, closing at almost the high point of the day @ 5131.

The Nifty Future has managed to recover its losses on the back of some recovery by the European markets in the late session.On the upside , there is a trading zone between 5160 - 5180 which may act as minor resistance.The major resistance is all the way upto 5250 mark. And on the downside, the 5050 area will now act as a minor support and the next major support will come in at 4950 zone.

Our view on Nifty Futures is Bearish. Only a close above the 5250 level with heavy Volume will negate the downside momentum and take Nifty Futures towards 5400 zone again.Any rally should be used to enter the market on the sell side with appropiate stoplosses.

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Tuesday, May 4, 2010

NIFTY TRADING SYSTEM

SELL OFF IN NIFTY FUTURES ……..

Nifty Futures opened on a flat note @ 5225 , despite positive trigger from US market. It made an early attempt to climb higher towards 5250 in the process made an intraday high of 5238 . Nifty futures failed to hold the 5200 mark and sold off heavily in the late session closing the day down by approx 94 points @ 5131..

Nifty Futures has finally broken below the lower end of the triangle , making the market vulnerable to further losses. Todays close is very important as crucial level of 5200 has been broken. On the down side, the next major support comes in at the 5100 and if the momentum continues we could see levels below the 5000 mark. On the upside the minor resistance now stands at 5250 zone. Only a close above 5320 area would negate the bearish momentum and take Nifty Futures to higher levels.

Our View on Nifty Futures is Bearish. The important triangle pattern formed on intraday charts has broken on the down side. The immediate target of the triangle pattern suggest , lower levels below the psychological 5000 mark towards the 4950 area

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