Nifty Trends and Levels for tomorrow 8 April 2011

It was a flat closing for the market as indices look. The Sensex closed at 19591, down 21 points from its previous close, and Nifty shut shop at 5886, down 6 points. The CNX Midcap index was up 0.9% and the BSE Smallcap index was up 1.2%. Tomorrow on 8 April 2011 the market may open flat... along Nifty....


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Nifty intraday levels and trends for tomorrow 8 April 2011 .........
will be updated very soon.......
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Nifty Intraday Trends for today 4 April 2011

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Nifty was on slight bear trend last day and closed at 5826 .Today the first resistance for nifty is at 5840-45 level.Next resistance is at 5854-58 level.Next resistance is at 5875-80 level.Next resistance is at 5930-34 level.Next resistance is at 5962-66 level. On downside first support is at 5812-10 level.Next support at 5799-97 level.Next support is at 5776-71 level.Next support is at 5731-26 level.Next support is at 5702-98 level.Next main support is at 5679-76 level.Next support is at 5655-50 level.Next support at 5618-15 level.Next support is at 5600-97 level.Next support is at 5563-59 level.Next support is at 5549-45 level.Next support is at 5528-25 level.Next support is at 5506-02 level.So today for intraday long position should be better above 5858 level and below 5795 no long.Positionally the main hurdle on upside is at 5933 level and main support on downside is at 5730-26 level.

NIFTY SUPPORT AND RESISTANCE(POSITIONAL)

Positional Support for NIFTY 5715 5691 5620 5583 5564 5521 5492 5472 . Positional Immediate resistance for NIFTY is 5884

NIFTY ANALYSIS- OSCILLATOR

Oscillator Analysis The oscillator is showing BUY signal Short Term Oscillator Analysis- The signal is SELL and NIFTY in overbought region.

NIFTY FUTURE-OPTION ANALYSIS For 16 FEB

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NIFTY FUTURE-CMP(5476.1) is currently in SIDEWAYS trend . Yesterday the trend was BULL In Feb series Nifty future shed 1.07 lakh position in Open Interest and this accounts to -0.416982191671 % of Total Open Interest in Feb series.The Nifty Feb series is trading at 4.9 Rs discount to Underlying . In derivative cumulatively for all series contract Nifty future net added 1.2 lakh position in open interest and this accounts to 0.41 % of Total Open Interest in all series and cumulatively trading in average premium of 14.43 Rs to Underlying. The open interest is also increasing with trend

NIFTY FUTURE LEVEL-Feb/16/2011

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R3	R2	R1	PIVOT	S1	S2	S3
5584.15	5535.14	5505.62	5459.2	5446.58	5417.06	5368.05

NIFTY OPTION ANALYSIS-NIFTY CALL-NIFTY PUT

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At current price strike the activity is tilted to put side and writing of put is increasing The Nifty call option is trading at discount so sentiment at higher level seems cautious Yesterday Nifty Put option has added 925.32 lakh position and Nifty call option has added 791.53 lakh position in open interest on cumulative basis Moneyflow wise Nifty Put option has added Rs 39.22 crore in value and Nifty call option has shed Rs -11.61 crore in value on cumulative basis 

NIFTY LEVELS FOR TODAY-NIFTY ANALYSIS 14 FEB

Nifty Live Tips

NIFTY SUPPORT AND RESISTANCE(POSITIONAL)

Positional Immediate support for NIFTY is 5168. Positional Resistance for NIFTY is 5389 5479 5591 5639 5764 5799 5841 5885 5937

NIFTY ANALYSIS- OSCILLATOR

Oscillator AnalysisThe oscillator is showing SELL signal but be cautious on NIFTY since NIFTY is trading in oversold level.Short Term Oscillator Analysis- The signal is BUY and NIFTY in oversold region.

S&P CNX NIFTY-Over View

S&P CNX NIFTY is the Blue chip Index of NSE.The top 50 companies listed on NSE from Various sector like IT,Banking,Cement,Oil,Steel,Infrastructure etc are included in Nifty Index with different weightage(Top weightage-Reliance,Infosys,Icici bank,Lt,HDFC)is given to each company.Nifty Index is professionally managed and moreover it can be considered as a barometer of Indian Economy.Earnometer.com will give you daily indepth technical analysis report of Nifty,Analysis of Nifty in future and option,Performance of share included in Nifty for medium-long term and for very short term.Earnometer.com also covers breadth indiacator like advance-decline ratio,put call ratio,Bullish percent index,Advance decline volume Fundamental Growth rate like Price Earnings Ratio,Index EPS,Dividend ratio other economic ratio like GDP growth rate etc.All the analysis report is updated daily