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Nifty Future Trading Tips


On the global stock markets front, almost all the major indices in Asia ended on a positive note. The Seoul Composite, Taiwan Weighted, Nikkei225 and Hang Seng and Nikkei225 advanced by 2.20% at 1,970.66, 1.37% at 8,738.37, 0.89% at 10,586.02 and 0.32% at 23,122.42 respectively. However, the Shanghai Composite declined by 0.34% at 2,903.83.

European markets, which opened after the Indian stock market, traded on a positive note. Key benchmark indices like – CAC 40 was trading higher by 0.97% at 4,073.55, FTSE 100 advanced by 0.75% at 5,959.12 and in Frankfurt, DAX index was trading up by 0.56% at 7,221.45.

The BSE CG index was at 13,222.99 up by 304.12 points or by 2.35%. The main gainers were Punj Lloyd Ltd. (Rs. 66.30,+4.74%), Bharat Heavy Electricals Ltd. (Rs. 2126.35,+3.30%), Larsen & Toubro Ltd. (Rs. 1662.00,+3.17%), Havells India Ltd. (Rs. 352.55,+2.26%) and BGR Energy Systems Ltd. (Rs. 438.45,+2.07%).

The BSE Oil&Gas index was at 9,624.87 down by 64.87 points or by 0.67%. The main losers were Bharat Petroleum Corporation Ltd. (Rs. 570.75,-2.27%), Hindustan Petroleum Corporation Ltd. (Rs. 323.45,-1.66%), Oil And Natural Gas Corporation Ltd. (Rs. 269.60,-1.52%), Petronet LNG Ltd. (Rs. 115.40,-1.28%) and Reliance Industries Ltd. (Rs. 978.40,-1.07%).

On the corporate front, shares of Sanwaria Agro Oils Ltd surged by 4.64% to Rs 186.00, after reports came that the Board of Directors of the Company at its meeting held on March 03, 2011, has considered and approved issue of bonus shares in the ratio of 1:1.

INTRADAY NIFTY FUTURE TRADING :
Nifty Future Closing : 5543
Watch carefully today's nifty magical figure... 5566
Buy Nifty Future above magical figure for upside
First target...   5589 and above it
Second target...    5614
and crosses over both it will come...    5640
Sell Nifty Future, if Nifty is running below magical figure then your downside
First target...    5501
Second target... 5460
Third target... 5438

SENSEX
(Closing - 18446)
Today's Sensex magical figure... 18515
Above magical figure upside targets ,
First target ... 18585
Second target...18660
Third target ... 18740
Sensex Running Below Magical Figure,
First target ....   18320
Second Target ... 18202
Third target ...18135

BANK NIFTY FUTURE
(Closing - 10916)
Today's magical figure...10950
Buy it above magical figure upside
First target ... 11013
Second target ... 11110
Third target...    11195
Sell it if running below Magical figure for downside:
First target ...10847
Second target...10780
Third target ... 10711

RELIANCE FUTURE
(Closing - 996)
Today's magical figure... 1000
Buy it above magical figure upside targets
First target ... 1008
Second target ... 1024
Third target ... 1039
Sell it running below Magical figure for downside:
First arget ... 983
Second target ...971
Third target ... 959

TATA MOTOR FUTURE
(Closing - 1135)
Today's magical figure... 1140
Buy it above magical figure upside
First target ... 1155
Second target ... 1169
Third target ... 1186
Sell it running below Magical figure for downside:
First target ...1114
Second target ...1093
Third target ... 1076
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