Today

Nifty and Bank Nifty both managed to close at a comfortable level on the eve of expiry day.

Nifty face tough resistance at 9633   & 9649.  Surpassing these will lead to 9715.

Bank Nifty future closed above 23300 giving a clear trend that bulls are having upper hand. A stiff resistance at 23342 is seen. Close above indicates a further move towards 23790.

Trading tip: Go with the trend. Take 2 lots of 23500 @ 5.00 and 23600 @ 2.50. 5 lots of 23700 @ 1.50 and 15 lots of 20800 @ 0.15. Try your luck. All these investments will be under Rs 1000.

Happy trading!!

Future stocks

Tomorrow Watch following Stocks

WIPRO
TITAN

Buy or Sell ???

I will post after market hours tomorrow .....
 Till then Good Bye....

Today all the future scrips hit the target.

Raymond was a sell while Shreecem and Bata India were buys. Check the movement!!

MARKET VIEW 31/5/2017

Nifty future ended at 9615 well above 9600 giving confidence to bulls. Even though many blue chips and midcaps are getting deeply corrected nifty manages to move ahead. The index management is well visible in the moves.

Bank Nifty also ended with modest gains and took support at 23100.

Technical level for  Nifty Future
Support seen at 9565-9561-9543-9513.  Below 9518 it is weak. Resistance 9621-9639-9669.
Next target for NF is 9720.
Trend deciding line is 9469.

Bank Nifty future
Support seen at 23155-102-016.  Resistance at 23258-326-380-465. Below 23238 it is weak.
 Trend decider line is 23189.

Watch the following scrips tomorrow.

Shree Cements
Raymond
Bata India

BUY OR SELL ???

Watch for my feed back tomorrow evening on the above scrips.

Till then...... Good Bye

MARKET VIEW MAY 30,2017

Nifty opened with negative bias and touched a low of 9543 before recovering and reaching 9640 level. Finally ended at 9609.  Above 9600 boosting the market sentiment.

Bank Nifty future saw a high of 23380 but could not retain gains and touched 23102  during intra day move and finally closed around 23131, very near to the day low indicating a negative trend.

Both the indexes are likely to be sideways for another day before taking a cue for a big leap.

Nifty technical
9621 act as a tough resistance. Next immediate target for Nifty future is 9715. Support seen at 9602-9565-9522-9496. 9469 is a trend deciding line.

Bank Nifty technical:
23258-23320-418 are resistances while 23100-23061-23000-22901 act as supports. 22881 is the trend deciding line. Chances are bright for BNF to revisit 22900 before moving towards 23500.

If BNF closes below 22900 it may lead to 22800-600. Close above 23300 will take BNF to 23500-800-24100.

Market is in bullish mood. Watch  the following scrips on Monday in futures

HUL
HAVELLS
COLPAL
SBIN
GRASIM

MARKET VIEW 29/5/2017

Nifty Futures closed at 9569. The day witnessed a high of 9585 and close is very near to day high. 

Bank Nifty future has closed at 23245. 

Both Nifty and BNF recovered smartly during the last 2 trading sessions.

Technically both   BNF and NF are very bullish. There could be sideways movement till the time the discount in nifty future and bnf gets corrected. 

BNF has resistance at 23461 and support at 23238-173-100-22980.

Better not to try  options till the time discount in BNF and nifty is corrected.  otherwise one will lose money heavily on options.

Happy Trading