Nifty Trend and Tips For Tomorrow

Nifty Trend : Indian government's not taking proper economic measure is resulting in uncertainty in market. On the other hand poor performance by the Indian rupee due to absence of proper actions by the government and also Euro causing equal challenges for Indian economy. If Euro gets reduced as currency than it may create problem for Indian economy and also pressure on Indian Rupee. The responsibility of government is to manage our currency well. If proper measures are taken to manage our currency than our economy and markets will ultimately give good results.

Any good news in the economy and smart decisions taken by government can result Nifty to trade in range of 5,000-5200. More corrections can help Nifty cross the 5200 levels and can head in direction of 5300 and 5350. But if anything wrong happens markets might go down around 4850 and 4900 levels. So experts believes that Investors and traders should be very watchful at this point of time and keep eyes on government decisions and further take steps.

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Nifty Levels and Target for Today

Nifty Levels -

PP – 5123, S1 – 5102, S2 – 5075, S3 – 5055

R1 – 5149, R2 – 5169, R3 – 5196

Experts believes that markets may see rally in the near term. The market seems to be discounting a lot of bad news and there is a temporary move upwards. Investors need a lot of confidence in everything going right to see this market going above levels of 55-56 where you can feel that this is going to sustain. That looks a little hard given whatever is happening both within the country and outside. So for the moment, we are in for a rally but is this a trend change, very doubtful.

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Nifty, Bank Nifty Tips and Target For Today

Nifty Tips – Sell Nifty with strict stop loss of 5225 and target between 5080 and 5050.

Nifty Levels For Today

PP – 5094, S1 – 5020, S3 – 4994, R1 – 5140, R2 – 5166, R3 – 5213

The Nifty continued to hold the 5100 level amid choppy trade while the broader markets outperformed benchmarks. PSU oil & gas, metals, capital goods and power stocks were supporting the market whereas the fall in Infosys, ITC, Bharti, Reliance and TCS has limited the upside.

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Nifty, Bank Nifty Trend & Tips For Today

Nifty Tips : Sell Nifty below 5070 levels and stop loss of 5085 with target of around 5045-5020-4975.

Bank Nifty Tips : Sell Bank Nifty at 9620 with stop loss of 9660 and target around 9500- 9350-9250-9200.

Nifty Technical Levels For Today

S1 – 5001, S2 – 4936, S3 – 4841, R1 – 5161, R2 – 5256, R3 - 5321

Today Indian Market opened on a flat note as International rating agency has not only downgraded India's growth outlook negative but also lowered rating outlook of seven public sector companies like NTPC, SAIL and IOC. BSE Sensex trading 50 points up at 16767 while Nifty up 10 points at 5074 from the previous close. he market breadth was negative on the NSE with 831 losers against 472 gainers.

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Nifty Trend For Tomorrow

Nifty Trend : Experts believes that Asian markets would trade negatively tomorrow so there is possibility that Nifty may move towards 5020 and 5000 levels. It is also expected that Nifty may break 5000 level and move upto 4950-4900 levels. Today it was disappointing start for indian markets which opens up with gap up but fell after RBI decision to keep Repo rate and CRR unchanged. Today Nifty closed at 5064 down 74 points from the previous close.

Today's Top Nifty gainers were PowerGrid, Bajaj Auto and Tata Steel while biggest Nifty losers were DLF, SBI and PNB.

Nifty Technical Levels For Tomorrow

S2 – 4950.20, S1 – 5007.20, PP – 5098.70, R1 – 5155.70, R2 - 5247.20 

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No Change in Repo Rate by RBI

Reserve Bank of Indian disappointed Indian markets by keeping policy repo rate unchanged at 8% in its mid quarter monetary policy today on Monday. The Cash Reserve ratio also remained unchanged at 4.75%. Reserve Bank of India (RBI) has said in its monetray policy review that while growth has moderated, inflation is likely to remain above comfort levels The evolving growth-inflation dynamic will continue to influence the Reserve Bank's stance on interest rates. Both headline and retail inflation rates are rising, which have a bearing on inflation expectations. Future actions will depend on a continuing assessment of external and domestic developments that contribute to lowering inflation risks. The increase keeps inflation near its highest level this year - March data was revised up to a 2012 high of 7.69 percent - as policymakers come under pressure to revitalise an economy running at its lowest ebb in nine years.

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Nifty Trend For Today , 12th June 2012

Nifty Trend : S&P's warning to India has send negative note to Indian markets and resulting opening in red today. The Sensex is trading 50 points below 1660 level while Nifty is down 20 points, trading at 5023. Fall in rupee was also seen in opening trading session. In morning rupee was at 55.78 to a dollar.

Asian market are also trading in red. Top Nifty losers are Wipro, Dr Reddy’s, HCL Tech and Ranbaxy while top Sensex losers are SBI, ICICI Bank, RIL and L&T. Fall was seen in early trading session in Reliance Infrastructure, JP Associates, Cairn, Sesa Goa, ICICI Bank, Axis Bank, PNB, Bank of Baroda, SBI, HCL Tech, Wipro, Hindalco, SAIL, BHEL and L&T.

Experts believes to see correction in the market today. If Nifty closes below 500o levels, one should close positional trade. Investors are also keeping eye on IIP data to be announced later in a day.

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Nifty Tips and Technical Levels For Today, 08th June 2012

Nifty Tips : Sell Nifty at 5010 with stop loss of 5026 and target between 4990 and 4950.

Nifty June :

Nifty June CMP 5000 closing below 4998 with target between 4850 and 4900 with Resistance 5030-5045 and closing above 5060 target of 5150.

Nifty Technical Levels For Today -

PP – 5017, S1 – 4997, S2 – 4961, S3 – 4941

R1 -5053, R2 – 5073, R3- 5109

Experts believes that Nifty may touch 5,500-5700 in next coming months and according to current market environment nifty is likely to cross 6,200 level in 12-24 months. They are positive about bullish on Indian markets in long term. India will take the steps -- by consensus or crisis -- required to leap into double digit growth in the next 24-36 months, In two to three years the markets will have clarity on what will happen in Europe and the US, and India will be ready for the next big bull run such as the one witnessed between 2003 and 2007.

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Nifty Tips & Trend For Today, 07th June 2012

Nifty Trend : The Nifty was up 0.8% at 5,037.54 up on today's opening trading session. Experts believe that in today's trading session Nifty can see support near 4945 to 4875. Upside 4990 and 5055 is a good resistance level for Nifty and it can also see selling pressure near 5100 range.

Nifty Tips For 07^th June :

Sell Nifty at 5010 with stop loss of 5025 and target between 4950 and 4935.

Nifty Technical Levels

PP – 4948, S1 – 4909, S2 – 4843, S3 – 4804, R1 – 5014, R2 – 5053, R3 - 5119

Click here for Nifty Trend For Tomorrow

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