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 MONDAY 28 Feb-NIFTY ANALYSIS

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Nifty was on bull trend yesterday and closed at 5303 .Today the first resistance for nifty is at 5331-34 level.Next resistance at 5362-65 level.Next resistance is at 5408-13 level.Next resistance at 5425-28 level.Next resistance is at 5463-68 level.Next resistance is at 5492-97 level.Next resistance is at 5537-39 level.Next main resistance is at 5554-56 level.Next resistance is at 5595-99 level. Next resistance is at 5637-41 level.Next resistance is at 5652-55 level.Next resistance is at 5679-83 level. On downside first support is at 5273-68 level.Next support at 5245-41 level.Next main support is at 5197-94 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 intraday long should be taken better above 5365 level and on down side no long if nifty is below 5240 .The trend has not changed to bull side and unless nifty strongly trades above 5365 level long position are not advised Next major hurdle is at 5408-25 level and for downside Major support for nifty is at 5197-94 level and if this level is broken there will be more weakness in coming days.

NIFTY FUTURE-OPTION ANALYSIS

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Record updated for-.Feb/28/2011-NIFTY FUTURE-CMP(5313.8) is currently in BEAR trend . Yesterday the trend was WEAK BULL In Mar series Nifty future shed 13.39 lakh position in Open Interest and this accounts to -6.20200635438 % of Total Open Interest in Mar series.The Nifty Mar series is trading at 10.25 Rs premium to Underlying . In derivative cumulatively for all series contract Nifty future net shed 4.9 lakh position in open interest and this accounts to -2.14 % of Total Open Interest in all series and cumulatively trading in average premium of 30.68 Rs to Underlying. The open interest is also not increasing with trend so be careful and premium of share is also increasing so sellers be cautious

NIFTY FUTURE LEVEL-Feb/28/2011

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R3	R2	R1	PIVOT	S1	S2	S3
5429.98	5377.28	5345.54	5297.8	5282.06	5250.32	5197.62

NIFTY LEVELS FOR MONDAY-NIFTY ANALYSIS 21 FEB

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NIFTY SUPPORT AND RESISTANCE(POSITIONAL)

Positional Support for NIFTY 5402 5381 . Positional Resistance for NIFTY is 5526 5648 5702 5749 5791 5847 5911

NIFTY ANALYSIS- OSCILLATOR

Oscillator Analysis The oscillator is showing BUY signal The oscillator is on BUY Signal and share is recovering from oversold levelShort Term Oscillator Analysis- The signal is SELL and NIFTY in overbought 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