Nifty's Future Trading Levels

A weak pullback upto 5400-5425 may be seen but for 2-3 days Nifty will be range bound between 5320-5450. Then a Breakout above 5550 or breakdown below 5300 will give the direction of the market.

Nifty Future May's Critical Levels for 26.05.2011

Resistance 5 : 5415 Short Here with Stop Loss of 5450
Resistance 4 : 5397
Resistance 3 : 5379 Book Profit above this level
Resistance 2 : 5374
Resistance 1 : 5368

. Buy at 5360 with sl 5340
Direction Change Level : 5351
. Short at 5335 with sl 5355

Support 1 : 5333
Support 2 : 5328
Support 3 : 5322
Support 4 : 5305
Support 5 : 5287 Hold short below 5300 with 5360 as sl

Nifty's Future Trading Level

Nifty is not showing any strength on every higher level there is supply supresses the upmove. It means it is more likely to break 5300 level with big price and volume. Every big stock (SBI, Reliance, Tatasteel, Tata Motors, Infosys, TCS, HUL, ACC etc.) that can move Nifty higher but they are making new lows or showing weakness. It is better to avoid buying at this level but on every upmove exit from the already accumulated stocks.

Nifty Future May's Critical Levels for 25.05.2011

Resistance 5 : 5482 Short Here with Stop Loss of 5505
Resistance 4 : 5468
Resistance 3 : 5446 Book Profit above this level
Resistance 2 : 5417
Resistance 1 : 5411

. Buy at 5420 with sl 5390
Direction Change Level : 5389
. Short at 5380 with sl 15

Support 1 : 5366
Support 2 : 5360
Support 3 : 5353
Support 4 : 5331
Support 5 : 5309 Hold short below 5300 with 5360 as sl

Short Infosys May Future below 2800 sl 2850 tgt 2700
Short HDFC Bank May Future below 2235 sl 2280 tgt 2150

Buy Sbi near 2160-2170 sl 2140 tgt 2280

Nifty'Future Trading Levels

Nifty is heading towards 5300-5330 zone which is a very strong support area. From where approx. 200 points rally is possible. But Nifty's closing below 5300 for more than 2 days will confirm a breakdown of more than 500 points upto 4750-4800. Again If you get a relief rally upto 5480-5500 then exit from all long positions or if Nifty is unable to sustain above 5300 then exit from all long positions.

Nifty Future May's Critical Levels for 24.05.2011

Resistance 5 : 5500 Short Here with Stop Loss of 5525
Resistance 4 : 5471
Resistance 3 : 5442 Book Profit above this level
Resistance 2 : 5434
Resistance 1 : 5425

. Buy at 5415 with sl 5390
Direction Change Level : 5396
. Short at 5380 with sl 5410

Support 1 : 5367
Support 2 : 5358
Support 3 : 5350
Support 4 : 5321 Book Profit below this level
Support 5 : 5292 Buy Here with Sl 5270

Short TCS Future 1150 sl 1170 tgt 1130, 1115
Short Jindal Steel Power Ltd. Future 625 sl 637 tgt 605
Short ABB Future 849 sl 870 tgt 830