Nifty Intraday Trend and Trading Tips For Tomorrow 17-June
Nifty Trend For Tomorrow 17-June 2011
Nifty Trend For Tomorrow 17-June 2011
R3 5602
R2 5562
R1 5500
Avg 5460
S1 5398
S2 5358
S3 5296
NIFTY TIPS FOR TODAY
Nifty was on slight bull trend last day and closed at 5884.Today the first resistance for nifty is at 5900-03 level. Next resistance is at 5918-23 level.
STOCK INTRADAY TIPS
Nifty trend was volatile on budget day and made an intraday high of 5477 and finally lost much of the gain and closed at 5333 with slight gain .
Today is the expiry day for FEBRUARY series. Operators’ main focus will be on the F&O positions. Market will be highly volatile and unpredictable on expiry day. Today’s market move will solely depend on the positions of big operators in the future market .But to trade successfully you have to be on your edge all the time as opportunity may come any time. This is the perfect “HIT AND RUN” market. Do not touch these stocks which are in F&O ban today as they will move in wild way depending on the muscle power of stock specific operators. MARKET today will open flat and remain choppy in the first half. It will become volatile in the second half and face technical resistance at 5480, 5500 and support at 5400, 5380.
The following are the cues to help you in trade today.
NIFTY RANGE of today: 5380-5500.
• US & European markets closed negative.
• Asian markets opened mixed.
• SGX nifty is down 6 points at 8 am.
• Dollar index is at 77.18.
• Gold is at $1411 and crude at $99.04.
• London future is down 6 points at 8 am.
• Dow future is up 32 points at 8 am.
INTRADAY EQUITY TIPS FREE
NIFTY FUTURE-CMP(5470.35) is currently in SIDEWAYS trend . Yesterday the trend was BEAR In Feb series Nifty future shed 29.33 lakh position in Open Interest and this accounts to -14.3193296182 % of Total Open Interest in Feb series.The Nifty Feb series is trading at 1.15 Rs premium to Underlying . In derivative cumulatively for all series contract Nifty future net shed 3.27 lakh position in open interest and this accounts to -1.06 % of Total Open Interest in all series and cumulatively trading in average premium of 17.58 Rs to Underlying. The open interest is also increasing with trend and premium of share is also increasing indicating bull move.
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