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Nifty faces strong resistance above 5,390 level
As expected, the Nifty February futures faced strong resistance above 5,420 and failed to hold the 5,350-level support to close at 5,314 due to uncertain near-term sentiments. The only positive signal for bulls was the volume-weighted average price of 5,354, indicating strong support below 5,350. The trading pattern in Nifty February futures showed strong resistance above 5,390. The break of 5,350

Where are the markets headed?

After gaining 81 per cent in 2009, the Sensex managed just about 17 per cent in 2010. While Devangshu Datta believes the chances of a downside are more, Mukul Pal feels the Sensex will fall 30 per

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Nifty expected to again move below 5,100
The Nifty closed above the crucial support of 5,100 on intra-day recovery in European markets. However, the recovery may not be sustained and the Nifty is expected to again move below 5,100 tomorrow.

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Nifty may not see sharp fall in near term

As expected, the Nifty moved closer to 5,400 but could not remain at higher levels due to profit-booking by institutional players. The index closed in a Doji pattern, indicating indecisiveness at

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Nifty to find stiff resistance above 5,300

The Nifty futures moved in a narrow band and closed higher at 5,239 on poor volumes in both cash and derivates segments. The trading volume in Nifty January futures declined to 11.86 million

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Index may attain a new high in a day or two
The Nifty closed above 5,100 and November and December futures closed at a premium to the spot, indicting fresh upside tomorrow, the last day of expiry of this month’s series.

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