Nifty Support and Resistance for 15 April

NIFTY FUTURE is currently in BEAR trend . Yesterday the trend was VERY STRONG BULL In Apr series Nifty future added 17.08 lakh position in Open Interest and this accounts to 6.55884391687 % of Total Open Interest in Apr series.The Nifty Apr series is trading at 26.6 Rs premium to Underlying . In derivative cumulatively for all series contract Nifty future net added 20.01 lakh position in open interest and this accounts to 7.14 % of Total Open Interest in all series and cumulatively trading in average premium of 42.28 Rs to Underlying. The open interest is also not increasing with trend so be careful and premium of share is also increasing so sellers be cautious.

R3	R2	R1	Pivot	S1	S2	S3
6141.47	6049.23	5916.02	5878.78	5882.53	5826.97	5734.73

Share Market Tips - 27 January 2011

Market will remain close tomorrow and Thursday being expiry , more volatile session can be seen in next trading session. Nifty May remain consolidated within the range of 5550-5800. Intraday traders should go for short in nifty on Higher levels. Support for Nifty is 5675-5634 and Resistance is 5750-5800 .

Intraday Share Tips (Stocks To Pick) - Buy Indusind Bank above 232 for the targets of 236-240 and stoploss 228

Nifty Support and Resistance For Today

Nifty traded positive and has closed near its high so far so good but on the indicators front the market is stretched so trade long as long as 5850 hold.

The crucial support on the downside for the Nifty is 5850 and resistance at 5879-6050

For Sensex Crucial Support on the downside is 19350 and resistance at 19800-19940