INDIAN STOCK MARKET TRADING FREE TIPS

Jul 22, 2014, 09.37 AM IST

 

Support for Nifty at 7440: GEPL Capital

According to GEPL Capital, on the lower side Nifty has a very important support placed at 7440 on a positional basis. 

Nifty ended the day with a gain of 20 points at 7684. Amongst the sectoral indices the BSE FMCG index was the outperformer whereas BSE CG index was the laggard in today's trade. Nifty is now approaching a key resistance level of 7731. If it is unable to clear this resistance then we expect a decline back till 7600-7580 range in the immediate term. On the lower side Nifty has a very important support placed at 7440 on a positional basis.

In the coming few sessions, it is vital that the support of 7440 be respected despite any correction till 7600-7580 rage. We need to see an immediate recovery thereafter, conquering the resistance of 7731 for us to conclude that a new all time high beyond 7808 is a possibility. However in the event 7440 is breached then we would be forced to look at deeper declines. Nifty

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Jul 21, 2014, 09.44 AM IST

 

Resistance for Nifty at 7808: Arihant Capital

According to Arihant Capital, it is evident that 7680-7700 is immediate supply zone for the Nifty. In the coming week if Nifty is unable to move above the mentioned supply zone then it is likely to test 7580-7500-7410 levels.  

Combining the above to pattern formations it is evident that 7680-7700 is immediate supply zone. In the coming week if Nifty is unable to move above the mentioned supply zone then it is likely to test 7580-7500-7410 levels. However if Nifty trades above the mentioned supply zone then 7808 is major resistance.

Any move above 7808 level would negate the bearish implication of engulfing pattern. In such scenario Nifty may test 7900-8000 levels. Broadly, we are of the opinion that 7680-7700-7808 level is major hurdle for Nifty, hence traders are advised to adopt cautious approach towards the market near those levels.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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Jul 16, 2014, 09.43 AM IST

 

Nifty may gain in opening bell: Maximus Securities

According to Maximus Securities, Nifty could gain 29.50 points at the opening bell.
 

Trading of CNX Nifty futures on the Singapore stock exchange indicates that the Nifty could gain 29.50 points at the opening bell. China today reported second-quarter GDP growth of 7.5 percent compared with 7.4 percent in the previous three months. US markets closed lower on Tuesday, after the US Fed raised concerns about social-media and biotech companies' valuations. Nifty

Disclaimer: The views and investment tips expressed by investment experts on Nifty moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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Jul 15, 2014, 09.28 AM IST

 

Above 7490, Nifty may bounce to 7550-7666: Arihant Capital

According to Arihant Capital, if Nifty trades above 7490 level then a bounce up to 7550-7666 levels in couple of day could be possible. On the downside, 7400-7350 may act as support for the day.
   

We maintain our stance that 7391 to 7433 is a strong demand zone hence a bounce cannot be ruled out. In coming trading session if Nifty trades above 7490 level then a bounce up to 7550-7666 levels in couple of day could be possible. On the downside, 7400-7350 may act as support for the day.

Broadly, we are of the opinion that a bounce from current level is possible. Hence one should not go short at current levels. FREE NIFTY TIPS

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Jul 14, 2014, 11.28 AM

 

MCX Goldguinea August contract trades lower

Goldguinea prices on MCX were trading lower on Monday. MCX Goldguinea August contract was trading at Rs 22920 down Rs 95, or 0.41 percent. 

 

At 10:49 hrs MCX GOLDGUINEA July contract was trading at Rs 22874 down Rs 51, or 0.22 percent. The GOLDGUINEA rate touched an intraday high of Rs 23200 and an intraday low of Rs 22823. So far 180 contracts have been traded. GOLDGUINEA prices have moved down Rs 5026, or 18.01 percent in the July series so far. COMMODITY TIPS

MCX GOLDGUINEA August contract was trading at Rs 22920 down Rs 95, or 0.41 percent. The GOLDGUINEA rate touched an intraday high of Rs 22970 and an intraday low of Rs 22920. So far 64 contracts have been traded. GOLDGUINEA prices have moved down Rs 178, or 0.77 percent in the August series so far.
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Jul 11, 2014, 09.46 AM IST

 

Nifty to trade between 7480-7640: Magnum

According to Magnum Equity Broking, the Nifty is expected to trade rangebound between 7640 and 7480. 

The Sensex and Nifty edged lower in a volatile session on Thursday as Finance Minister Arun Jaitley's pledge to narrow the fiscal deficit and open up sectors such as insurance and defence were offset by disappointment over the lack of major reforms. NSE Nifty ended 0.23 percent lower at 7,567.75. It had earlier fallen as much as 1.4 percent to its lowest in nearly 2-1/2 weeks in an initial bout of profit-taking. The BSE Sensex closed 0.28 percent lower at 25,372.75.

Blue-chips were hit by profit-taking after indexes had hit a string of record highs, including most recently on Tuesday, on soaring expectations ahead of the budget. Investors also booked profits, with some citing the lack of details on how the government would keep its promise to stick to the fiscal deficit target of 4.1 percent of gross domestic product for this fiscal year set by the previous government. Both Moody's Investors Service and Fitch Ratings said details would be key, with Fitch expressing surprise that the government had decided to keep its 4.1 percent fiscal deficit target.

US stocks retained sizable losses on Thursday, but recouped more than half of a steep dive, as investor’s dialed back concern that came with indications of trouble at one of Portugal's top banks. Asian stocks were mixed on Friday on fears that debt issues at the holding firms behind Portugal's biggest bank could hurt European periphery markets

Global cues are mixed today, with them SGX Nifty is showing 15 points up move in morning trade indicating that Indian market would open little optimistic today and Nifty is expected to trade rangebound between 7640 and 7480. BANK NIFTY TIPS  

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