NIFTY MARKET TODAY:
Nifty exhibited a very strong and motivating show amidst surging volumes and resurrected its positive momentum of last week. Amidst a straight forward journey, Nifty not only regained most of its lost point but also closed near day’s high in today's Indian share market. This may motivate latent buying and buying sentiments further in coming sessions. In today’s session, Nifty regained the vital support of 9 day’s SMA placed at 5050, besides closing the session above the vital resistance of 14 days’ SMA placed at 5049. Vital 50 &100 day’s SMA levels were also placed at 5231 & 5368 levels, i.e. above the Nifty closing; these may be the resistances in forthcoming sessions. Seasoned buying in large cap, small cap & mid cap boosted Bulls to regain control from Bears, because of which, Indices closed with positive market breadth. In today’s session, VIX, the barometer of uncertainty, closed at a higher level of 27.72, indicating more than average volatility in market in the forthcoming sessions. RSI (14) for the session was at 53.75 levels and MACD closed above the signal line, thus combined together they are giving the signals that; market may continue to witness with some positive spikes.
NIFTY SUPPORT AND RESISTANCE LEVELS:
R1-5179
R2-5270
S1-5132
S2-5086
Free sure shot future call for today:
BUY DISHTV FUTURE @ 76.70 TGT-77.20 & 78 SL – 76.20
Nifty exhibited a very strong and motivating show amidst surging volumes and resurrected its positive momentum of last week. Amidst a straight forward journey, Nifty not only regained most of its lost point but also closed near day’s high in today's Indian share market. This may motivate latent buying and buying sentiments further in coming sessions. In today’s session, Nifty regained the vital support of 9 day’s SMA placed at 5050, besides closing the session above the vital resistance of 14 days’ SMA placed at 5049. Vital 50 &100 day’s SMA levels were also placed at 5231 & 5368 levels, i.e. above the Nifty closing; these may be the resistances in forthcoming sessions. Seasoned buying in large cap, small cap & mid cap boosted Bulls to regain control from Bears, because of which, Indices closed with positive market breadth. In today’s session, VIX, the barometer of uncertainty, closed at a higher level of 27.72, indicating more than average volatility in market in the forthcoming sessions. RSI (14) for the session was at 53.75 levels and MACD closed above the signal line, thus combined together they are giving the signals that; market may continue to witness with some positive spikes.
NIFTY SUPPORT AND RESISTANCE LEVELS:
R1-5179
R2-5270
S1-5132
S2-5086
Free sure shot future call for today:
BUY DISHTV FUTURE @ 76.70 TGT-77.20 & 78 SL – 76.20
