NIFTY LEVELS FOR MONDAY 4 APRIL 2011

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Nifty Intraday Tips For Monday 4 April :-Today Nifty has closed at 5826 with a loss of 7points comparative to its previous close. My view that a minor decline up to the area of 5600 is on cards which will provide an opportunity to go long for positional traders with a stop loss of 5400 and target of 6050.lose. On the higher side market is facing major supply in the range of 5875-5920 and above that major supply is coming around 6050…On the downward side support is placed at 5700 and below that at 5600. Regarding sector in our opinion BSE-Capital Goods and BSE-Banking (few selective stocks) can out perform the broader indices while BSE-Health Care and BSE-Consumer Durable may under perform the broader indices.

Regarding stock specific approach we are bullish on BHEL. 

Nifty Levels for tomorrow 17 March

Nifty was on bull trend last day and closed at 5511 after making a high of 5535.Today the first resistance for nifty is at 5532-35 level.Next resistance is at 5559-63 level.Next main resistance is at 5597-01 level.Next resistance is at 5626-31 level.Next resistance at 5672-76 level.Next resistance is at 5732-35 level. On downside first support is at 5497-93 level.Next support at 5486-81 level.Next support at 5463-60 level.Next support at 5430-25 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.So today the main intraday resistance will be at 5562 and main support will be at 5482 and next main support at 5460 level.Positioanlly the main hurdle is at 5631 leveland we expect if nifty is above 5460 the bull trend remain intact and below that level be very alert .Have a look at weekly trend. -Click Here to view Nifty Future and Option Analysis and Click here For NIFTY STRENGTH 

NIFTY FUTURE-OPTION ANALYSIS 8 MARCH

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NIFTY FUTURE-CMP(5475.6) is currently in BULL trend . Yesterday the trend was WEAK BULL In Mar series Nifty future shed 18.95 lakh position in Open Interest and this accounts to -9.10593679496 % of Total Open Interest in Mar series.The Nifty Mar series is trading at 12.45 Rs premium to Underlying . In derivative cumulatively for all series contract Nifty future net shed 8.67 lakh position in open interest and this accounts to -3.37 % of Total Open Interest in all series and cumulatively trading in average premium of 32.6 Rs to Underlying. The open interest is also increasing with trend

NIFTY FUTURE LEVEL-Mar/08/2011

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R3	R2	R1	PIVOT	S1	S2	S3
5576.79	5530.9	5503.25	5458.63	5447.95	5420.3	5374.41

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 Yesterday Nifty Put option has added 745.08 lakh position and Nifty call option has added 591.94 lakh position in open interest on cumulative basis Moneyflow wise Nifty Put option has shed Rs -25.12 crore in value and Nifty call option has added Rs 6 crore in value on cumulative basis