Live Market Intraday Trading Report About Dalal Street Mumbai

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BankNifty has trading support at 10279.6 staying above this BankNifty spot is expected to move to 10385.3 to 10410.3 while staying below 10279.6 it can go to 10138.7 Moving below 10124 will bring fresh selling pressure in BankNifty with expected closing below 10124 on the other side staying above 10408 will bring fresh buying support in BankNifty with expected closing above 10408 level

29-Mar-12

Although international stock markets are looking weaker at this point of time as Nasdaq is trading 25 points lower than previous day's close and all European markets are showing negative trend our market has shown just one ray of hope by not giving expected closing 5189 and just marginally closed higher at 5194.7 which is showing chances of some positive strength on of course technical closing basis. Although banking stocks are still showing oversold and weaker strength but some other frontline stocks are showing some positive turn around. If CNXNifty will manage to hold and trade above 5193 Nifty cash may advance to 5263.3 to 5291.9 level. But on other hand staying below 5193 is showing fresh selling pressure in the market with may be possible down side target of 5182.1 to 5154.4 Keep an eye on 5193 for tomorrow

 26-Mar-12

For BankNifty good trading support at 10217.2 holding above this up move is likely to continue with up side target of 10437.5 to 10524.2 with staying above 10551 will bring fresh buying to banking stocks. While staying below 10217.2 target of 10191.6 to even 10075 is looking possible

16/Mar/2012

BankNifty has trading resistance at 10623, staying below which index is looking weak with downside target 10517.2 to 10464 is likely possible. While staying above 10623 BankNifty is hopefully try and recover and may get to 10788.7 to even 10813.7 while moving above 10903 is big positive for the index as fresh buying will be supported above this level

12/Mar/2012

Next resistance point for BankNifty spot intraday is at 10569.4 if it stays above this then intraday target of 10664.6 and more is possible with moving over 10612 brings fresh buying support in BankNifty with possible closing at 10612+ level. While staying below 10569.4 BankNifty may test downside support at 10456.7

09/Mar/2012

Today BankNifty has trading support at 10155 which needs to be hold and index needs to trade above this level to generate positive up move. Staying above 10155 possible movement up to 10548.4 to 10585 is possible with holding above 10612 means fresh buying support for Banking stocks and expected closing is 10612+ level. While staying below 10155 fresh selling pressure to continue with possible intraday target of 10104.0 to 10079.0 Keep an eye on 10155 as important swing level. Stock specif major bank stocks are looking to their possible short term bottom. SBI, ICICI, Kotak Mahindra, Canara Bank, BOB, Axis are looking to advance in case BankNifty improves from here. 

05/Mar/2012

With trading support at 10399.5 today BankNifty on staying above this level may tend to move higher with possible target of 10504.1 to 10548.4 While on other hand staying below 10399.5 means a weak trend for BankNifty today with possible downside target of 10335.3 and even expected closing below 10160- level

02/Mar/2012

With close intraday support at 10253.3 staying above which trading target of 10356.3 to 10381.3 and more is likely possible. While holding and trading below 10253.3  down side movement upto 10035.9 looks possible

23/Feb/2012

10824 is trading resistance for BankNifty today. If stays below this level BankNifty is looking weak while staying above 10824 level of 10939.1 to 11016.8 is possible. While fresh buying signal will be crossing and staying above 11120 level

22/Feb/2012

Good intraday support at 11060.0 holding above this level target of 11320.7 to even 11348.5 is possible with stocks like SBI, ICICI, Axis and Kotak Mah all closed with strong built up as looking from technical point of view. Holding and trading below 11060 BankNifty may see level of 11028.1 and even lower

21/Feb/2012

Intraday trading support is at 11028.1 holding and trading above this level of  11138.9 to 11195.6 is looking possible. While staying below 11028.1 intraday movement on down side up to 10830.2 is not ruled out

BankNifty analysis for 13/Feb/2012

Nifty tomorrow facing trading resistance at 5418 If Nifty spot manages to stay above this level then fresh buying will return to Indian market with Nifty expected closing above 5418+ level and possible intraday target of 5458.3, but if Nifty cash stays below 5418 then some profit booking and selling pressure may take Nifty down to 5359 to 5328 level with fresh selling signal for Nifty will be considered if Nifty stays below 5302 with expected closing below 5302 which is although rare possibility. Expecting Nifty to take support close to 5359 level if sentiments not creating any havoc in bazaar

BankNifty as advised on 09-Feb-12 has shown good strength and bounce back from low levels. Currently in New trade zone with trading support on intraday basis at 10302 going down and staying below which BankNifty will weaken considerably. On upside possible target is 10610 if holds above 10302

BankNifty analysis for 09/Feb/2012

For BankNifty 10340 is very important intraday trading resistance level for tomorrow. If BankNifty spot trades and holds above 10340 fresh buying gets support for BankNifty with up side target up to 10397.4 and even 10430+ is possible. While staying below 10340 may bring some profit booking in BankNifty may test lower support at 10258.0 and further staying below target of 10199.6 and even lower is possible. Some front line PSU Bank stocks are looking very bullish on chart like SBI, BOB along with select private sector majors like KOTAK and AXIS 

BankNifty analysis for 08/Feb/2012

BankNifty was looking firm even though landmark indices of Indian markets gave some correction yesterday. BankNifty spot level to watch out tomorrow is 10312 If BankNifty holds and trades above it then fresh buying will be supported in BankNifty which even provide some assistance for Nifty and Sensex as well as Banking sector is looking stronger on closing basis yesterday. Staying above 10312 BankNifty may look to move up to 10414.7 and even 10466.3 is looking possible. While staying below 10312 BankNifty may test it's lower another strong support at 10294.0 which if broken and BankNifty holds below it then intraday level of 10199.6 may be tested

BankNifty analysis for 01/Feb/2012

BankNifty facing trading resistance at 10210 tomorrow if stays and trades above 10210 further up trend will continue but holding and falling below 10210 may bring some profit booking 

BankNifty analysis for 01/Feb/2012

BankNifty last closed at 9919.5 Staying in the green BankNifty may see target of 10002.7 and more tomorrow while holding below 9854 will be negative for BankNifty as 9854 is strong intraday trading support for BankNifty tomorrow and it needs to hold on closing basis

BankNifty analysis for 31/Jan/2012

Last BankNifty closing at 9537.10 which is technically weak closing. For tomorrow BankNifty has trading support at 9478 If BankNifty stays and trades above this level upside target of 9658 to 9847 and more is possible with staying above 9847 will bring fresh buying support for BankNifty on intraday basis. While on other hand staying below 9478 fresh selling pressure will start in BankNifty stocks and BankNifty may drift down to further lower levels with even expected closing below 9478

BankNifty analysis for 27/Jan/2012

BankNifty has trading support at 9807 and staying above this BankNifty is looking in short term bull zone and tend to go up if broad based buying support for market is seen.

BankNifty analysis for 24/Jan/2012

Trading resistance for BankNifty tomorrow is at 9594.1 if BankNifty manages to hold above and trade above this level, intraday target of 9713.4 and more is looking possible. Falling below and staying below 9594.1 BankNifty may drift down to 9498.6 to 9362.1

BankNifty analysis for 23/Jan/2012

BankNifty has trading support at 9475.0, staying above this BankNifty may move to 9670.1 to even higher levels, but falling and holding below 9475 BankNifty may go down to 9362.1 to even 9150.2 levels. On closing basis of Friday Sensex and Nifty as well as BankNifty are looking in strong bull zone

BankNifty analysis for 17/Jan/2012

BankNifty last closed at 9056.7 For today BankNifty has good trading support at 9003.9 holding above this levels of 9113 to 9170.3 is looking possible while breaking and holding below 9003.9 BankNifty may drift down to 8943.0 and even more

BankNifty analysis for 17/Jan/2012

BankNifty last closed at 8940.3 For today BankNifty has trading support at 8864.2 if it holds and trades above this level chances of 8989.9 and even 9032.9 or more is possible while staying below 8864.2 BankNifty may get to an intraday level of 8839.2

BankNifty analysis for 13/Jan/2012

BankNifty last closed at 8930.3 and is looking stronger sector today with trading support for today at 8857.2 it is looking to test 8964.1 and 9007.1 levels today but staying below 8857.2  selling pressure may take it to 8754.2 level

BankNifty analysis for 12/Jan/2012

BankNifty yesterday closed at 8839.7 For today important trading support is at 8754.2 staying above this level intraday levels of 8859.8 to 8932.2 is possible. While staying below 8754.2 BankNifty may drift down to 8665.1 and even lower levels. Interesting swing trading level to watch out today is 8754.2 

BankNifty analysis for 09/Jan/2012

BankNifty has closed at 8452.80 further upside and breakout is only confirmed if BankNifty trades and holds above 8448 then fresh buying in BankNifty stocks will be supported and upside target of 8477 to 8531.8 and more is possible while on other hand staying below 8448 may bring profit booking to even selling in Bank big stocks like SBI, which is showing signs of weakness in case BankNifty not staying above 8448 selling in this counter looks likely while breakout in BankNifty will certainly create spurt in SBI as stock can even move up to 1715 with even fresh signs of Buy in stock on staying above 1715 with expected closing of 1715+ level if stock holds and trades above 1659 on Monday. Staying below 8448 may bring BankNifty to 8394 to even lower levels.

BankNifty analysis for 05/Jan/2012

BankNifty as predicted is in very strong position even today when broader market slides down, BankNifty held firmly through out the day and is likely to extend its gain tomorrow as broader market is looking good for Nifty holding above 4758 which will push BankNifty index which is in a strong position further up. But at the same time caution needs to be taken as trading support for BankNifty tomorrow is at 8334 which is at very low level from current closing and in the event of markets opening higher BankNifty may open gap up which may bring some selling even up to its tomorrow's trading support level of 8334

BankNifty analysis for 04/Jan/2012

All important BankNifty tips was posted here yesterday which did perform as expected as BankNifty opened at 8072.80 which is day's low as well BankNifty just zoomed to make an intraday high of 8356.35 before closing at 8340.30 which is almost close to day's high. For today those who went long in BankNifty yesterday can hold with considering trading support of 8250 as Nifty and BankNifty both expected to open with gap if every thing will sound well for domestic and world stock markets

BankNifty analysis for 03/Jan/2012

Fresh long in BankNifty will start if BankNifty crosses trading resistance level of 8083 today. Which in case of broader market movement rally today may look to be possible

BankNifty analysis for 02/Jan/2012

BankNifty shown weakness below 8049 and gave closing at 7968.65 which is showing weakness in BankNifty index and further positive trend will not start for tomorrow unless BankNifty manages to hold and stay above 8049

BankNifty analysis for 30/Dec/2011

8049 is intraday trading resistance for BankNifty which must be overcome to make an impression of smart BankNifty recovery possibility. If BankNifty trades and stays above 8049 it may move to 8172 and even higher levels while staying below 8049 will support selling in BankNifty to continue for atleast today

BankNifty analysis for 29/Dec/2011

BankNifty last closing is at 8111.40 with an intraday low of 8053.15 which is a point of concern as low of the day yesterday was just indicating some selling pressure might come in even today in overall negative market scene in BankNifty with clear exit and sell indication on BankNifty staying below 8041 when it is mentioned staying below or staying above is clearly expressing our experts view only considered at particular levels with given set of condition. On change of condition (swing), the whole thing get changed again which is self explanatory. On upside 8359 which is way up in present situation is stiff resistance which if taken away (staying above 8359) on intraday basis then fresh buying with heavy volumes may start for BankNifty

BankNifty analysis for 28/Dec/2011

Fresh buying in BankNifty only considered if BankNifty holds and trades above 8361 while yesterday's low 8223 if broken and BankNifty not finding strength to come back and trade above 8223 BankNifty may fall to 8040 and even lower levels