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Nifty Future Trading Tips


FOR NIFTY FUTURE TRADING TIPS:
After a Negative opening market was closed to good positive note .CNXIT was a major supporter in the market. Relinace was a good player for doing good support with market, JP associate, STER, ONGC, RELINFRA was a also did well tomorrow's trading session major Support 5431-5365, Resistance 5544-5591-5600 watch out. Real move only above if sustained 5600 level...

BSE INDEX
After a sharp decline in early trade, last hrs of trading small pullback were saw and resulted finally closed in green note and BSE closed at 18438 with a smart gain. Now Today crossover 18457 and stay with volume and may test 18750-18772 which is major resistance of this corrective rally, reversal to again selling pressure likely in the market. 

CNX BANK NIFTY
Over all trend is bullish, we may consider trading range 10500 to 11500 in medium term. Today support 11000 and 10950 watch out, higher level crossover 11100 and stay with volume may test 11190-11250 and above. Two close below 10900 will invite big correction in this sector, otherwise dip / panic to buy side. 

RELIANCE
Big Deal by Big Brother
And Big Bose of Stock market
Finally it was face resistance 965 level which indicate near term support 920-900. Strong close above 965 will move further and may test 1000 mark. Re rating of this stock... catch it opening bell.
 
STERLITE
Looks good with consider strong support 160.. level no problem in this counter.....

RANBAXY
Above 505 looks good and crossover 520 and stay with volume more up side. 

TCS
Corrective rally will face resistance / supply at the level of 1145-1150, thereafter u can decide your trading strategy. 

BPCL: (589) Break below 577 it'll fall down to 554. Upward side 606 a solid resistance.

DLF: (232) Break below 225 it'll fall down to 214 & 200. Upward side 237 a solid resistance, keep stop loss of 242 & go short.

L&T: (1653) Sell on higher levels considering 1689 a solid resistance keeping stop loss of 1724. Downward side break below 1612 it'll fall down further to 1571 & 1546.
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