Opening Bell

US markets managed to close in the green after trading in the restricted range for most of the day.Asian markets are trading in a tight range.Nifty opened positive currently trading at 5152.Yesterday though towards end it managed to close at 5147 the last half an hour average brought it down to 5133.A close above 5147 is bullish.For today nifty spot trading above 5158 should take it to 5200 levels either today or next week.The trend is up,intra traders can have a stop loss of 5130 for longs.Today IIP data will be released,it should be good.That could be the trigger for the markets.

Opening Bell

US markets closed marginally higher with lacklustre activity.Asian markets too are trading mixed.Nifty opened flat presently trading at 5106.Watch for the level of 5092.Any close below that level then the uptrend could end.Have a stop loss of 5122 for all short positions.There has to be 2 consecative closes below that level for confirmed downtrend.Tommorrow IIP data will be released, as of now there isnt much euphoria,but numbers are expected to be good.Monday advance tax figures will give a rough idea about the upcoming results.So activity should pick up from tommorrow with the events to follow.

Opening Bell

US markets closed with modest gains on thin volumes on lack of any economic data.Most asian markets are trading flat.Nifty too opened flat near yesterdays close.Presently nifty spot is trading at 5116.If it starts trading above 5121 then it might try to test the 5147 levels which it has to cross and close above for the upward momentum to continue.On the lower side watch out for 5092 levels, if it starts trading below this level reduce long positions.If nifty spot closes below 5092 today then the present uptrend is threatened.So watch out for this important level today.

Opening Bell

US markets finished flat amidst listless and lacklustre trading due to lack of any major economic data.Domestic markets are also listless as there are no international cues.Asia is trading on a mixed note.Nifty spot currently is trading at 5110.If it starts trading below 5108 then it can be short sold with a stop loss of 5132.If nifty closes below 5068 then the present uptrend seems to have temporarily halted.

Opening Bell

US markets ended higher on friday led by better than expected employment data.Nifty opened with a gap up as the entire asia was trading higher.The bias is still positive.But it is more of cautious optimisim from here on as we have risen about 6% since budget day and it has been one way up.For today watch the level of 5128 on spot currently nifty is at 5136.If it starts trading below 5128 then it is advisable to lighten positions for intraday.For positional as far as it closes above 5093 the trend is up.On higher side watch the level of 5148 above which the bullishness will be further strengthned.