Strong market,but be cautious

December 1st, 2011

Nifty responded the massive rally with 130 points gap up opening. Major sectors like metal, banking and capital goods helped nifty maintain the rally. Sensex gained around 350 points and nifty gained around 105 points. However this strong momentum will continue If nifty close above 5000 mark  for 2 more days. We can see bullish market If nifty trades above 5000.

Nifty has strong resistance at 5000-5025

Supports are 4890-4875

Intraday Nifty Levels 24 Nov 11

November 24th, 2011

Nifty future previous close – 4714.55

Today’s Resistance – 4729,4753,4791

Today’s  Support –  4677,4653,4615

 

Bank Nifty future  previous close – 8397.40

Todays Resistance – 8465,852,8610

Todays Support – 8340,8285,8000

Intraday Nifty Levels 23 Nov 11

November 23rd, 2011

Nifty future previous close – 4805.30

Today’s Resistance – 4792,4820,4862

Today’s  Support – 4728,4700,4655

 

Bank Nifty future  previous close – 8594.25

Todays Resistance -8585,8600,8705

Todays Support – 8440,8375,8270

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Intraday Nifty Levels 21 Nov 11

November 21st, 2011

Nifty future previous close – 4914.60

Today’s Resistance – 4892, 4914, 4950

Today’s  Support – 4844, 4822, 4786

 

Bank Nifty future  previous close – 8859.25

Todays Resistance -8854, 8942, 9084

Todays Support – 8657, 8569, 8427

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Intraday Nifty Levels 18 Nov 11

November 18th, 2011

Nifty future previous close – 4935.95

Todays Resistance -4917,4932,4954

Todays Support – 4886,4872,4852

 

Bank Nifty future  previous close – 8890.15

Todays Resistance -8880,8910,8960

Todays Support – 8808,8775,8730

You must follow  some do’s and don’t s in Day trading. Without this procedure getting success in intraday trading is difficult.