October 22, 2019 08:07 AM IST
A sustained move above crucial resistance of 11,730 will push prices higher towards previous swing high of 11,950, and can extend towards a life high of 12,103 too.
- October 18, 2019 07:49 AM IST
A move above 11,700 could be an extremely strong sign for the bulls because above 11,700 the Nifty has the potential to make a record high
- October 17, 2019 07:49 AM IST
A decisive break above 11,700 will definitely offer a range breakout, which will further open the gates for the index to retest 12,000 levels
- October 16, 2019 07:54 AM IST
Traders should use any dip for creating fresh longs positions as long as we are trading above 11,250 in Nifty (spot).
- October 15, 2019 08:50 AM IST
The primary trend of the Nifty is positive as the index is trading above its 200-Day SMA
- October 14, 2019 07:36 AM IST
Buying on dips continues to be our preferred strategy. For the week, we expect Nifty to trade in the range of 11,600-11,100 with a positive bias.
- October 11, 2019 08:30 AM IST
Going forward, 11,100 will act as immediate support for the Nifty, with 11,550 acting as next resistance, which is previous weeks high for the benchmark index
- October 10, 2019 08:22 AM IST
Nifty should trade in the range of 11,000-11,400 levels over the next few weeks while Bank Nifty can gain positive momentum once it crosses the 200-day average placed at 28,870 levels.
- October 09, 2019 08:19 AM IST
The whole eight percent rally seen after this announcement has fizzled out. This does not augur well for overall market breadth and signals further bearishness in midcaps and smallcaps
- October 04, 2019 08:06 AM IST
The intermediate hurdle on the upside is placed at 11,400 – 11,450 levels. Traders are advised to adopt a mean reversion technique for the index and watch out for opportunities in individual stocks.
- October 03, 2019 08:12 AM IST
From the technical front, the Nifty is still holding above its long-term moving averages and as far as prices are holding above 11,200 mark, we expect that the volatility is likely to grip the market within the broader range of 11,500-11,200.
- October 01, 2019 08:15 AM IST
Any close above 11,700 levels would result in further short covering which might push the Nifty to even 12,000 levels in coming months
- September 30, 2019 08:10 AM IST
Traders are advised to keep a tab of all the above mentioned levels and should focus on individual stocks that are likely to provide better trading opportunities
- September 27, 2019 08:25 AM IST
For the markets to extend the recent euphoria, the Nifty will have to clear the 11,700-mark.
- September 26, 2019 09:48 AM IST
In case of breakout, the index will face hurdle around its psychological level of 12,000.
- September 25, 2019 08:31 AM IST
Above 11800, Nifty could extend the gains towards 12000. Stock specific bullish move is expected to be there in the markets.
- September 24, 2019 08:23 AM IST
We need to be cautious while adding long positions at current levels. Put/Call ratio is at 1.48 and India VIX at 17% which indicates high risk in creating long positions on Indices, said Shrikant S. Chouhan, Senior Vice-President, Equity Technical Research at Kotak Securities.
- September 23, 2019 08:40 AM IST
Traders should continue to remain on the long side as we expect the Nifty to head towards 11,450-11,550 levels
- September 20, 2019 08:25 AM IST
Going ahead, there is a fair chance of markets attracting buying interest near the aforementioned mark 10,500, because in the past the zone of 10,800–10,500 was a demand zone for the Nifty.
- September 19, 2019 08:04 AM IST
FOMC meet outcome would be a key factor as there is a wide expectation of a rate cut. However, commentary on growth and rate outlook would be crucial.
- September 18, 2019 08:11 AM IST
The immediate support for Nifty is placed at 10,740 below which further selloff can be seen which could drag the Nifty50 towards 10,600 levels.
- September 17, 2019 09:48 AM IST
On the higher side, Nifty could move towards its immediate resistance level of 11,200. Any close above 11,200 levels would result in further short covering, which might push Nifty to 11,450 levels
- September 16, 2019 08:09 AM IST
We continue with optimistic stance and advice traders not to venture into taking any contra bets. The immediate supports for the index are placed around 10,945 and 10,890.
- September 13, 2019 09:04 AM IST
Nifty is likely to remain in the range of 10,740–11,100 and a move on either side would dictate the further trend.
- September 12, 2019 08:42 AM IST
Any big move on the higher side should be expected if Nifty50 closes above 11,200 levels on a sustained basis.