Stock Market : today's review and Nifty spots for tomorrow 1 April 2011

Stock market Review for today :-
Today was the last day of the month as well as Financial year. The nifty was in full form and touched another high according to technical analysis and thus many of the traders and investors earned a lot from today's market....
The markets were quite inconsistent today and made significant gains in the last one hour to close in the green. Banking was the worst performer of today's trade but IT and realty compensated for banking losses and made the indices close positive. The Sensex closed at 19445, up 155 points from its previous close, and Nifty shut shop at 5833, up 46 points. The CNX Midcap index was up 0.1% and the BSE Smallcap index was up 0.2%. The market breadth was negative with advances at 595 against declines of 702 on the NSE. The top Nifty gainers were Reliance Power, Reliance Infra, DLF and Bajaj Auto and prime losers included SBI, Ambuja Cements, RCom and M & M.

Stock intraday trading tips free on mobile for tomorrow 1 April 2011 will be updated soon..........
Nifty levels and trends for 1 April will be updated here very soon........


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NIFTY LEVELS FOR TODAY-NIFTY ANALYSIS 28 March

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Nifty was on strong bull trend last day and closed at 5654 .Today the first resistance for nifty is at 5694-99 level.Next resistance is at 5730-35 level.Next resistance is at 5752-56 level.Next resistance is at 5800-05 level.Next resistance is at 5848-52 level. On downside first support is at 5630-27 level.Next support is at 5613-10 level.Next support is at 5573-69 level.Next support is at 5549-45 level.Next support is at 5528-25 level.Next support is at 5506-02 level.Next support is at 5490-85 level.Next support is at 5444-41 level.Next support at 5415-12 level.Next support at 5396-91 level.Next support at 5378-75 level.So today the main hurdle on upside is at 5688-99 range and next main resistance is at 5730-35 level.On down side main intraday support is at 5610 level.

NIFTY SUPPORT AND RESISTANCE(POSITIONAL)

Positional Support for NIFTY 5641 5601 5484 5469 5464 5452 5435 . Positional Resistance for NIFTY is 5700 5760

NIFTY ANALYSIS- OSCILLATOR

Oscillator Analysis The oscillator is showing SELL signalShort Term Oscillator Analysis- The signal is BUY

NIFTY LEVELS FOR TODAY-NIFTY ANALYSIS 16 MARCH

Nifty was on bear trend last day .The Nifty opened much lower and regained little bit to close at 5449.The low made(5373) was our support level and bounced back from that level.Today the first resistance for nifty is at 5485-90 level.Next main resistance is at 5519-24 level.Next resistance is at 5550-53 level.Next main resistance is at 5574-78 level.Next resistance is at 5623-27 level.Next resistance at 5642-47 level.Next resistance at 5668-71 level.Next resistance is at 5710-14 level.Next resistance is at 5731-34 level. On downside first support is at 5433-30 level.Next support at 5414-10 level.Next main support is at 5377-73 level.Next support at 5338-35level.Next support at 5320-17 level.Next support at 5295-90 levelNext support at 5273-68 level.Next support at 5245-41 level.Next main support is at 5187-83 level.Next support at 5241-37 level.Next support at 5203-99 level.Next support at 5163-59 level.Next support at 5149-45 level.Next support at 5112-07 level.Next support at 5037-35 level.Next support at 4970-65 level.The nifty had made a good move day before yesterday and yesterday the trend was very weak with global sentiment but even then nifty had recovered partially from the low of 5373 so take 5373-70 as the main support level below this level the trend will be very weak. If the nifty had to keep the up momentum it had to trade strongly above 5523 level and .For intraday expect resistance at 5484 and 5523 level and no long if nifty is below 5410 And below 5370 trend can again change to bear side .Have a look at weekly trend.
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Nifty Future and Option Trends for today 3 March

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NIFTY FUTURE-OPTION ANALYSIS

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NIFTY FUTURE-CMP(5543.85) is currently in SIDEWAYS trend . Yesterday the trend was VERY STRONG BULL In Mar series Nifty future shed 8.15 lakh position in Open Interest and this accounts to -3.7373790649 % of Total Open Interest in Mar series.The Nifty Mar series is trading at 21.55 Rs premium to Underlying . In derivative cumulatively for all series contract Nifty future net shed 4.51 lakh position in open interest and this accounts to -1.75 % of Total Open Interest in all series and cumulatively trading in average premium of 36.2 Rs to Underlying. The open interest is not increasing with trend so be careful

NIFTY FUTURE LEVEL-Mar/03/2011

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R3	R2	R1	PIVOT	S1	S2	S3
5729.5	5645.3	5594.58	5491.28	5493.12	5442.4	5358.2

NIFTY OPTION ANALYSIS-NIFTY CALL-NIFTY PUT

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In options activity mainly confined to lower puts even though put/call ratio is high At current price strike the activity is tilted to call side and writing of call is increasing Yesterday Nifty Put option has added 730.96 lakh position and Nifty call option has added 539.52 lakh position in open interest on cumulative basis Moneyflow wise Nifty Put option has added Rs 81.22 crore in value and Nifty call option has shed Rs -19.16 crore in value on cumulative basis