NSE NIFTY (5,396.75)

The NIFTY opened the session with a positive gap and registered an intraday high of 5310 levels. The NIFTY witnessed selling pressure at the higher levels which led it to an intraday low of 5262 levels. The NIFTY eventually closed at 5278 with a nominal gain of 2 points.

The index seems to be consolidating in the narrow range of 5250-5325 levels for the last two trading sessions. As long as the index remains in this range we are going to witness choppy and volatile moves in the either direction. The index has immediate support at the 5250 levels and 5177 levels. A close below the 5177 levels would see the index gathering momentum on the downside and could test the levels of 5035 /4970 /4900 levels.

Upside resistances are placed at 5350 and 5420 levels.

NSE NIFTY (5,396.75)

The NIFTY opened the session on a bearish note on the back of extremely negative cues from its global peers.

The NIFTY spent the entire session trading in the negative territory and the selling pressure increased as the session progressed.

The NIFTY registered an intraday low of 5389.80 levels during the final hours of the day’s trade and finally closed the session at the 5396.75 levels with a loss of 51 points.

The NIFTY has corrected over 100 points over the last two sessions of trade.

The sell off witnessed over the previous two sessions has finally taken the index below the broad
trading range of 5400—5550 levels.

The NIFTY can now slip towards the 5300—5250 levels over the upcoming sessions if it trades below the 5425—5450 levels.

Pullbacks from current levels will face stiff resistances between the 5450—5480 levels.


We booked part profits on our long call given on Apollo Tyres Ltd @ 77 levels. (Initiated @75 levels).

The recommendation has already fetched a smart gain of Rs 8000/- per lot to the
subscribers of our product Trading calls section.

We continue to hold our short positions for downside targets of Rs 80 levels.

We recommend subscribing to our product Trading Calls section to avail such profitable Trading calls.

NSE NIFTY (5,447.50)

The NIFTY opened the session on a flat note but the index moved southwards as the session progressed.

Selling pressure amongst key index heavyweights like SAIL, DLF, Axis Bank, Wipro and R Power dragged the NIFTY to an intraday low of 5438.95 levels.

The NIFTY finally closed the session at the 5447.50 levels with a loss of 53 points.

The NIFTY traded under pressure during the entire trading session.

With the cuts witnessed during yesterday’s session the NIFTY is now back to its key support zone of 5450—5425 levels.

A close below the 5425 levels will open up downside targets of 5300—5250 levels in the NIFTY.

The NIFTY has also registered a close below its key moving average clusters.

Hence, any upsides from current levels will find resistance between the 5500—5530 levels.

We booked part profits on our Short call given on Hindalco Ltd @175.50 levels. (Initiated @180.50 levels).

The recommendation has already fetched a smart gain of Rs 9700/- per lot to thesubscribers of our product Trading calls section.

We continue to hold our short positions for downside targets of Rs 168 levels.

We recommend subscribing to our product Trading Calls section to avail such profitable Trading calls.

NSE NIFTY (5,500.50)

The NIFTY opened the session with nominal gains and remained range bound throughout the day’s trade.

The 5520—5490 was the narrow trading range for the NIFTY during yesterday’s session.

The NIFTY registered an intraday low of 5484.20 levels.

The NIFTY finally closed the session at the 5500.50 levels with a nominal gain of 18 points.

It was another flat and lack lustre session of trade wherein the NIFTY traded within a narrow range of 5520—5490 levels for the entire session.

We maintain that the NIFTY would remain within the broad trading range of 5450—5600 levels if the NIFTY holds on to the support levels of 5425—5450 levels.

A bearish view can be taken only if the NIFTY closes below the 5425 levels on the downside.

The key moving average clusters placed between the 5520—5550 levels will act as stiff resistance for the NIFTY on the upside.

We booked full profits on our intraday Short call given on Hindalco Ltd @ 178.65 levels. (Initiated @180.35 levels).

The recommendation fetched an intraday gain of Rs 3400/- per lot to the subscribers of our roduct Intraday calls section.

We recommend subscribing to our product Intraday Calls section to avail such profitable Intraday calls.

NSE NIFTY (5,482.80)

The NIFTY opened the session on a bearish note on the backof weak cues from its global peers.

The NIFTY spent theearly part of the day’s trade in the negative territory but started to recover from its day’s low as the sessionprogressed.

The NIFTY finally recovered all of its intraday losses by the end of the trading session and finally closed at the 5482.80 levels and remained unchanged as compared to the previous session.

The NIFTY once again bounced back from its support levels of 5450—5425 levels during esterday’s session.

But, we reiterate that a close below the 5425 levels would lead to extremely bearish outlook on the markets.

The 5300—5250 levels would be the downside targets on the NIFTY, if the index breaks below the 5425 levels.

On the other hand, the NIFTY would remain within the broad trading range of 5450—5600 levels if the NIFTY holds on to the support levels of 5450—5425 levels.

The near term andshort term moving average clusters placed between the 5520—5560 levels will act as stiff resistance for the NIFTY onthe upside.

We booked full profits on our intraday long call given NIFTY Spot @ 5478 levels. (Initiated @5451 levels).

Therecommendation fetched a fabulous intraday gain of Rs 13500/-(assuming 500 quantity traded) to the subscribers of ourproduct NIFTY calls section.

We recommend subscribing to our product NIFTY Calls section to avail such profitable NIFTY calls.

NSE NIFTY (5,485.80)

The NIFTY opened the session on a flat note and remained range bound for the initial hours of the day’s trade.

Thereafter, selling pressure amongst key index heavyweights like DLF, L&T, SAIL and Tata Steel dragged the NIFTY below the early morning range and the index registered an intraday low of 5,457.45 levels.

The NIFTY finally closed the session at the 5,485.80 levels with a loss of
35.25 points.

The NIFTY closed the final session of the week’s trade on a negative note. The cut witnessed during the previous session of trade has dragged the NIFTY towards the lower end of the broad trading range of 5450—5600 levels.

The 5430—5450 zones will be the near term support for the NIFTY.
On the upside we expect the levels of 5575--5600 levels to act as stiff resistance zones.

A rally towards the 5700—5750 levels can be seen only if the NIFTY registers a close above the 5600 levels.

Conversely if NIFTY fails to take support between the 5450-5430 levels and starts to trade below the same, we would recommend a negative bias once again with possible targets
of 5300 – 5250 levels.

We booked full profits on our intraday long call given NIFTY June Spot @ 5540 levels. (Initiated @5514 levels).

The recommendation fetched a fabulous intraday gain of Rs 13000/- (assuming 500 quantity traded) to the subscribers of our product NIFTY calls section.

We recommend subscribing to our product NIFTY Calls section to avail such profitable NIFTY calls.

NSE NIFTY (5,521.05)

The NIFTY opened the session on a flat note and traded in a very sedate and lethargic note throughout the day’s trade.

The 5505—5535 levels were the narrow trading range for the NIFTY for the entire trading session.

The NIFTY finally closed the session at the 5,521.05 levels with a loss of 5.80 points and remained unchanged as compared to the previous session.

The NIFTY went through another day of trade wherein it traded on a very flat and sedate note. The index is still grinding and consolidating within the broad range of 5450—5600 levels.

This battle between the bulls and the bears is likely to continue unless the NIFTY breaks the 5600 levels on the upside or conversely breaks below the 5450 levels on the downside.

The 5450 levels will be the key near term support for the NIFTY on the downside.
Upside resistances are placed at the 5600—5625 levels.


We booked full profits on our intraday long call given NIFTY June Spot @ 5540 levels. (Initiated @5514 levels).

The recommendation fetched a fabulous intraday gain of Rs 13000/- (assuming 500 quantity traded) to the subscribers of our product NIFTY calls section.

We recommend subscribing to our product NIFTY Calls section to avail such profitable NIFTY calls.

NSE NIFTY (5,521.05)

The NIFTY opened the session on a flat note and traded in a very sedate and lethargic note throughout the day’s trade.

The 5505—5535 levels were the narrow trading range for the NIFTY for the entire trading session.
The NIFTY finally closed the session at the 5,521.05 levels with a loss of 5.80 points and remained unchanged as compared to the previous session.

The NIFTY went through another day of trade wherein it traded on a very flat and sedate note. The index is still grinding and consolidating within the broad range of 5450—5600 levels.

This battle between the bulls and the bears is likely to continue unless the NIFTY breaks the 5600 levels on the upside or conversely breaks below the 5450 levels on the downside.

The 5450 levels will be the key near term support for the NIFTY on the downside. Upside esistances are placed at the 5600—5625 levels.


We booked full profits on our intraday long call given NIFTY June Spot @ 5540 levels. (Initiated @5514 levels).

The recommendation fetched a fabulous intraday gain of Rs 13000/- (assuming 500 quantity traded) to the subscribers of our product NIFTY calls section.

We recommend subscribing to our product NIFTY Calls section to avail such profitable NIFTY calls.

NSE NIFTY (5,526.85

The NIFTY opened the session on a negative note remained in the negative territory throughout the trading session. Selling pressure increased as the session progressed and the NIFTY registered a low of 5514.90 levels. The NIFTY finally closed the session at the 5,526.85 levels with a cut of 29.30 points.

The NIFTY witnessed a pullback from the 5550 levels during yesterday’s session. The NIFTY is still trading in a broad range of 5600—5450 levels and is likely to remain within this range, until it breaks above the 5600 levels and registers a close above the same during the upcoming sessions.

Pullbacks from current levels will find good support between the 5450—5475 levels. On the upside, the 5600—5625 levels would be the stiff resistance zone for the NIFTY.

We booked full profits on our intraday long call given Dish TV Ltd @ 80.70 levels. (Initiated @79.70 levels). The recommendation fetched a fabulous intraday gain of Rs 4000/- per lot to the subscribers of our product Intraday calls section.

We recommend subscribing to our product Intraday Calls section to avail such profitable Intraday calls.

We booked full profits on our intraday long call given Punj Lloyd Ltd @ 66.00 levels. (Initiated @64.45 levels). The recommendation fetched a fabulous intraday gain of Rs 3100/- per lot to the subscribers of our product Intraday calls section.

We recommend subscribing to our product Intraday Calls section to avail such profitable Intraday calls.

NSE NIFTY (5,556.15)

The NIFTY opened the session on a flat note and the index gradually moved upwards as the session progressed. Smart gains amongst key index heavyweights like Reliance Ind, Tata steel, Cipla and Infosys propelled the NIFTY to an intraday high of 5570 levels. The NIFTY finally closed the session at the 5,556.15 levels with a smart gain of 24.10 points.

The NIFTY added on to the gains witnessed during the previous session of trade. We reiterate that, the 5450—5625 levels will be the broad trading range for the NIFTY, until it crosses the 5625 levels and registers a close above the same during the upcoming sessions.

The near term and short term moving average clusters placed between the 5500—5450 levels will act as good support for the NIFTY on the downside. The 5600—5625 levels would be the near term upside targets for the NIFTY, if it sustains above the 5500 levels.

We booked full profits on our BTST call given on SUN TV Ltd @ 315.50 levels. (Initiated @307 levels). The recommendation fetched a smart return of Rs 4250/- per lot to the subscribers of
our product BTST/STBT calls section.

We recommend subscribing to our product BTST/STBT Calls section to avail such profitable BTST/STBT calls.

NSE NIFTY (5,532.05)

The NIFTY opened the session on a bearish note but the index recovered its early morning losses as the session progressed. The NIFTY gave a smart recovery from its day’s low to register an intraday high of 5542.65 levels. The NIFTY finally closed the session at the 5532.05 levels with a gain of 15.30 points.

The NIFTY held on to it’s near term support levels of 5450 levels and gave a smart recovery from the above mentioned support level to close at the 5532 levels. Sustenance above the 5450—5480 zones will see the NIFTY gradually rally to once again test its key resistance zones of 5600—5625 levels on the upside.

Upsides towards the 5700—5750 levels can be seen only if the NIFTY registers a close above its key resistance zone mentioned above. Conversely, the 5600—5400 levels will be the broad trading range for the NIFTY, if it fails to cross the above mentioned supply zones.

We booked part profits on our long call given on UFLEX Ltd @ 210.80 levels. (Initiated @203.50 levels). The recommendation has already fetched a smart return of 3.60% to the subscribers of our product Trading calls section. We continue to hold our long positions for targets of Rs 215 levels.

We recommend subscribing to our product Trading Calls section to avail such profitable Equity Trading calls.

NSE NIFTY (5,516.75)

The NIFTY opened the session on a positive note and traded with smart gains for the initial hours of the day’s trade. The NIFTY hit an intraday high of 5605 levels. But the NIFTY couldn’t sustain at higher levels as the session progressed and selling pressure at higher levels dragged the NIFTY to an intraday low of 5507 levels. The NIFTY lost close to 98 points from its day’s high. The index finally closed the session at the 5,516.75 levels with a loss of 33.60 points.
The NIFTY closed the last trading session of the week on a negative note. The key observation to be made is that after the formation of the bullish hammer candlestick pattern during the previous week, the NIFTY has managed to close above the lower boundary of the rising channel as shown in the adjoining (Chart II).

The correction witnessed over the past two trading session could halt and take support between the 5450—5500 levels. On the upside we expect the levels of 5575--5625 levels to act as stiff resistance.

However in case the NIFTY fails to take support at the 5450 levels and starts to trade below 5435 – 5415 levels, we would recommend a negative bias once again with possible targets of 5300 – 5250 levels.

We booked part profits on our long call given on L&T Ltd @ 1704 levels. (Initiated @1654 levels). The recommendation
has already fetched a smart gain of `6250/- per lot to the subscribers of our product Trading calls section. We continue to hold our long positions for targets of `1740levels.
 
We recommend subscribing to our product Trading Calls section to avail such profitable Equity Trading calls.

NSE NIFTY (5,550.35)

The NIFTY opened the session with a gap down on the back of extremely negative cues from its global peers. The NIFTY plunged to an intraday low of 5522 levels during the early hours of the day’s trade. But the NIFTY gradually recovered from its day’s low as the session progressed. The NIFTY finally closed the session at the 5550 levels with cut of 41.65 points. 

As we had been pointing out in our previous few daily trading notes the NIFTY pulled back from the 5600 levels during yesterday’s session. Sustenance below the 5600 levels will see the NIFTY pullback further towards the 5500—5450 levels. But, the 5400 to 5600 levels are likely to remain the broad trading range for the NIFTY over the upcoming few sessions of trade.  The near term moving average placed at the 5500 levels will act as good near term support for the NIFTY, whereas the 5600—5630 zone will act as stiff resistance for the NIFTY. 

We booked part profits on our long call given on ITC Ltd @ 196.70 levels. (Initiated @192.30 levels). The
recommendation has already fetched a smart gain of `8800/- per lot to the subscribers of our product Trading calls section.

We continue to hold our long positions for targets of `202 levels.
 
We recommend subscribing to our product Trading Calls section to avail such profitable Equity Trading calls.

We booked full profits on our Intraday long call given on SAIL Ltd @ 148.95 levels. (Initiated @ 146 levels). The recommendation fetched a smart intraday profit of `2950/- per lot to the subscribers of our product Intraday calls section. 
 
We recommend subscribing to our product Intraday Calls section to avail such profitable Intraday Trading strategies.

NSE NIFTY (5,592.00)

The NIFTY opened the session with nominal gains and traded on a very stable note throughout the day’s trade. The NIFTY spent the majority of the day’s trade within a narrow range of 5560—5590 levels. The NIFTY finally closed the session at the 5,592 levels with smart gains of 32 points.

The NIFTY has rallied close to 265 points from the lows of 5328 levels to 5592 levels over the past few sessions of trade. This smart up move has helped the index register a close above its key medium term moving average. We reiterate that the 5600--5630 levels is a key resistance for the NIFTY on the upside and further upsides from current levels can be seen only if the NIFTY closes above the 5630 levels for a few sessions.

Pullbacks from current levels will find support between the 5550 to 5480 levels.  

We booked full profits on our long call given on S.kumar Ltd @ 68.80 levels. (Initiated @ 64 levels). The recommendation fetched a fabulous gain of  Rs19200/- per lot to the subscribers of our product Trading calls section.
 
We recommend subscribing to our product Trading Calls section to avail such profitable Equity Trading calls.

We booked full profits on our long call given on 3i InfoTech Ltd @ 47.10 levels. (Initiated @ 44.80 levels). The recommendation fetched a smart profit of Rs 9200/- per lot to the subscribers of our product Trading calls section.
 
We recommend subscribing to our product Trading Calls section to avail such profitable Equity Trading calls.

NSE NIFTY (5,560.15)

The NIFTY opened the session with smart gains and the index continuously built on to the early morning gains as the session progressed. Strong gains amongst heavyweight index stocks like DLF, ACC, HDFC Bank, ITC and Hindalco propelled the NIFTY to an intraday high of 5571.60 levels.

The NIFTY finally closed the session at the 5,560.15 levels with a strong gain of 87 points.  The strong up move witnessed during yesterday’s session has helped the NIFTY register a close above it short term and medium term moving averages. But, we would like to point out that the index still has stiff resistance on the
upside between the 5600—5650 levels as the index has corrected from these levels on previous occasions. Thus failure to cross the above mentioned resistance levels could see the NIFTY pullback towards the 5500—5475 levels.

The 5450—5500 levels will act as strong support for the NIFTY on the downside.

We booked full profits on our long call given on Patel Eng Ltd @ 148 levels. (Initiated @ 138.50 levels). The
recommendation fetched a fabulous gain of Rs 9500/- to the subscribers of our product Trading calls section.
 
We recommend subscribing to our product Trading Calls section to avail such profitable Equity Trading calls.

We booked full profits on our long call given on DCB Ltd @ 60 levels. (Initiated @ 56.45 levels). The recommendation fetched a smart profit of  Rs 14200/- per lot to the subscribers of our product Trading calls section.
 
We recommend subscribing to our product Trading Calls section to avail such profitable Equity Trading calls.