Here are some free intraday nifty tips, technical tips, nifty futures tips, bank nifty futures tips for tomorrow-
Following F&O calls are recommended for intra-day trade on Apr. 05. 2011:
IDFC
short IDFC futures Rs 165-166 for target of Rs 161-158 and stop loss of above Rs 169.
Buy JSW Steel above Rs 980
For target of Rs 990-997-1002 and stop loss of below Rs 967.
sell HDFC Bank around Rs 2,435-2,440 for target of Rs 2,420-2,405 and stop loss of above Rs 2,445.
We recommended trading strategy for Nifty futures and Bank Nifty futures for intraday trade on April 05. The same is mentioned below:
Nifty Futures
Sell Nifty Futures above Rs 5,995-6,000 for target of Rs 5,970-5,950 and stop loss of above Rs 6,010.
Sell Bank Nifty Futures above Rs 11,970-80 for target of Rs 11,910-11,850 and stop loss above of Rs 12,010.
In banking, CNX Bank Index gained 213.45 points or +1.84 %. Amongst the banking stocks Dhanalaxmi Bank, Karnataka Bank and Lakshmi Bank and City Union Bank lead the row.
Bank Nifty Futures shut stop at 11884.95 up by 207.85 points or +1.78%.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11956 else below 11684 it would be in a downward trend.
RESISTANCE: It has first resistance close to the level of 11956 above this level the next resistance is seen near to the level of 12050.
SUPPORT: It has first support close to the level of 11684 & below this level the next support is seen near 11580 marks.
Markets snapped their 8-day winning streak on Friday, they resumed their winning streak today, as the S&P CNX Nifty closed up 82 points at 5,908.
The Nifty futures closed and settled finally at 5948, up by 86.65 points or 1.48 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 6072 else below 5835 it would be in a downward trend.
RESISTANCE: It has first resistance close to the level of 6072 & above this level the next resistance is seen near the 6135 mark.
SUPPORT: It has first support close to the level of 5835 & below this level the next support is seen near 5770 mark.
Long Nifty Future above 5970 with stop loss 5940 for target 6015 / 6060
Short Nifty Future below 5910 with stop loss 5945 for target 5870 / 5855
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