Opening Bell

Dow surged to fresh 52 week high's in a lacklustre trading session overnight.Stock indices in asia are on a mixed note.Nifty opened flat to positive presently trading at 5253.Nifty has to trade above 5260 for momentum to gain strength.Looks like steadily nifty is headed for 5300.There is lot of action outside nifty where trader interest is developing.Stock specific action expected.

Opening Bell

US markets gained in yesterdays trade hitting a new 52 week high.Asian markets are trading mixed.Nifty opened flat to positive and presently trading at 5238.From hereon the action will be stock specific rather than in nifty.Nifty has a strong resistence near 5300 the previous top made in January 2010.For momentum to gather nifty has to trade above 5260 for it to take towards 5300.The trend is clearly bullish,we might get ocassional dips intraday but the momentum is upward.For intraday traders can have a stop loss of 5225 in nifty.Stock specific action to continue.

Opening Bell

Atlast the break out happens on the upper side,having broken the 5147 level decisively nifty managed to cross the 5200 mark.The trend is now clearly on the upper side.A close above 5209 will add to the strength.Major averages in US finished firmly in the positive territory in yesterdays trade after fed decided to keep the interest rates unchanged and renewed its pledge to keep it low for an extended period.Most asian markets are trading with a positive bias.Intraday traders can have a stop loss of 5220 for intra longs in nifty.Stock specific action will keep happening as the main trend is bullish and i will be updating it on my tweets.

Opening Bell

Major indices in US remain unchanged as the saga of listless trading continues.Nifty too opened flat to positive.Its been almost 8-9 trading sessions where nifty is absolutely lifeless.There is no activity on either side.The key levels remain same 5100 on lower side which was tested yesterday having made a low of 5101.On higher side its 5147 either side break out and close above or below levels mentioned will give the next course of direction.Till then traders have to go through the pain of watching listless activity.

Opening Bell

Wall Street finished moderately higher on friday led by mixed set of economic data.Asian markets are trading lower today .Nifty too opened lower ,presently its trading at 5117.Having not been able to close above 5147 has been bit negative.Entire last week markets have been very dull and listless.Looks like market is waiting for a trigger to take a direction.For today if nifty spot closes below 5100 then markets could fall,shorters can have a stop loss of 5135 for intraday and positional stop loss of close above 5147.Those who are long can have a stop loss of 5100 on spot nifty for all long positions.Bulls need a close above 5147.Markets cannot remain sideways for long at some point of time it will take a direction.Watch out the levels.