UPWARD TREND CONTINUES

Nifty after consolidating is again ready for upward move to cross 4900 as long as it trades now over NF 4780. Ride the trend with trailing stop loss.

RANGE BOUND

After giving breakout, market need to consolidate around these level with positive bias. Today's pivot is NF 4813 for target 4825-4841 and support in the zone of 4776-4792. Strong over 4825 and weak below 4776. NF need to close over 4855 today for upward momentum to continue.

RANGE EXPANSION

Market did give a breakout as expected but low volumes is the cause of concern. The pivot and support now is NF 4765 and further down at 4735 with today's resistance around 4826-4857 from where minor reaction can come and then target 4900 in coming days. NF has to trade over 4786 for bullishness to stay.

BREAK OUT AFTER CONSOLIDATION

Nifty is poised to give a break out after consolidation as long as global cues support the move.For this week, the pivot is NF 4671 with first resistance in the zone of 4744-4792 and support around 4648-4600. NS has to cross and close over major hurdle of 4755. This month's first resistance is NF 4837.

HITTING RESISTANCE

Caution at these levels required with only small caps & mid caps flying and profit booking taking in heavy weights..... trend is still up. We are now trading in narrow zone with nifty future trying to maintain its support around 4652 and hitting resistance at higher levels. Today's pivot is NF 4688 with support around 4660-4642 ..... further down in the zone 4619-4572 and resistance at 4724. This could be another flat day but will be difficult for bulls to hold.

TOUGH FOR BULLS

Level over 4700-4750 is going to be a volatile zone with only select stocks going up. Today being settlement day for F&O , the pivot is yesterday's closing (4680) with weakness if we trade below NF 4652. ... Trade lightly as it may be volatile

SUPPLY ZONE

Nifty again entering the tough resistance zone .... volatility expected around this zone. Today's pivot and balancing level between Bulls and Bears is NF 4634-4642 with strength over NF 4652 and weakness below 4606. Resistance around NF 4692-4716.

PAUSE BEFORE BIG MOVE

With strong upmove and market breadth, market likely to take a pause here. Gap up zone of sensex 15362-15268 should hold for upmove. Today's pivot is NF 4630- 4637 with resistance around 4673-4695; support around 4609-4585. Nifty holding this area since last three months.... is it consolidation or distribution need to be watched??

SETTLEMENT WEEK

Shorts being covered on every dip last week, nifty is poised for positive settlement. Levels for this week are NF 4474-4540-4608-4650. NF 4596-4626 likely to offer resistance and support remains around 4474-4422.
With strong global cues, nifty future will open gap up and then decide its course. NF has to stay over 4560-4578 for momentum to continue.

SIDEWAYS MOVE

Range still remains the same. Pivot for today is NF 4467 with first support in the zone of 4438-08 .... strength only if trades over NS 4424 . Break of 4424 can make it retest its lows. Resistance around NF 4474-4497. Market likely to follow weak global cues.