Friday, December 11, 2009

Nifty PreMarket View.

It looks poised to move higher as per the Asian cues and Nifty TA.

9 comments:

autostrada said...

on the bar charts - daily-NIFTY opened between yesterdays range, made a new low for the move... closed higher - so on daily charts that is a buy signal....

sadanand balwant said...

Market may open high above 5150 then it may touch 5180-85, but if it wants to go further up and if wants to sustain above there then bulls will have to do a lot of fresh buying between 5180 to 5200.Yesterday there was again fresh addition in call at 5000 to 5300 Approx.11 Lac and on the Put side between 5000 to 5200 just + 2.75 Lac shares. It clearly suggests that there are still lots of hurdles in the journey. Option market positions are serious ones and suggest the clear cut view at least up to expiry of the month

Saif said...

Hi ..i found this link from marketcalls for tracking Options in active series(updates RT too)
http://oitracker.marketcalls.in
But it does not have the Futures contracts details.Anyone has any link for watching changes in Future contracts,since Futures hold the max contracts and OI/turnover in a series.

Akhil said...

Hi Ilango

The way market is able to hold 5170 do u think one can go long here???I am not really convinced but I somehow feel may be for a while it might breakout.
Please suggest would u advise taking a position at this point or a wait at sidelines.

CHeers
Akhil

Babu said...

May be we need take short and put stop lose is bit above 5180.

syamala said...

hello
above 5216 spot only market can go up. friends dont gte fooled . only if cross and sustain 5216 then go long
syamala

Unknown said...

Went short at 5173 spot will review around 5155 levels.

Babu said...

Today IIP numbers are there i think. Better to put strict stop loses

Ilango said...

5160-5180 is the resistance zone. I would be concerned only on a move below 5125.
Micro trading for 20-25 points could be executed if you are swift enough.

I would sit through till the "improved TA" start to deteriorate.

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