Asian cues are positive today, markets across the Asia are in green. Nikkei, Hang Seng And Shanghai composite all are up around a percent each. Indian Indexes have followed them and opened in green. Nifty will trading in a range of 5110  to 5220, it has lost some ground since previous high.

Nifty Will have deciding trend emerging when it will cross 5210 on the upside breakout  above that will provide momentum to the nifty to climb up-to 5360.

Market strategy is to hold on to your long positions taken earlier, or one can create new at 5110 with tight stop-loss of 5080 on closing basis, first  target is 5220 then break above that will push nifty to 5360.

Asian peers are trading in the red,Fall in Dollar has push commodities across the globe to trade northbound. Precious metal like gold is trading at $1093/OZ.

Indian markets are also expected to open in the red and may trade in the range of 5110 to 5180. As posted on Tuesday Nifty made a year high of 5214.

positive factor was that we are consistently giving close above 5100 levels on Nifty so it may any time brakeput on the upside all it needs is just a good day in world market and we are poised to go higher.Nifty is still trading in the narrow range of 5130 and 5220. till this 90 points range on the nifty is not broken on the either side, one shouldn’t  trade in these kind of range bound market as risk reward ratio is not favorable.

Market strategy is to trade with negative bias as outlook for short term looks timid. For today’s trade try to avoid intraday trade and look for closing levels and make fresh position based on that, if Nifty close above 5220 then take a long position and if close below 5150 then create a short position and avoid taking position within the range.

Nifty trader who short the nifty at 5200, recommended yesterday can look  for target of 5140 — 5110 and keep a stop-loss at 5220.

Following the US markets Asia is trading mixed with range of anywhere between 0.5% to -0.5%. Hang Seng is down , Nikkei is showing miner gains and Shanghai is in the green with gains of about 0.5%..

Indian Market will Trade with positive bias, 5190 and 5220 will provide immediate resistance on Nifty. trade below 5150 will indicate bearishness and major support level 51100 might be tested if Nifty turnarounds.

As this is the expiry week, volatility may increase.

Market strategy is to trade with negative bias as outlook for short term looks timid. For today’s trade try to avoid intraday trade and look for closing levels and make fresh position based on that, if Nifty close above 5220 then take a long position and if close below 5150 then create a short position and avoid taking position within the range.

Compulsive Nifty trader can short the nifty at 5200 for target of 5110 and keep a stop-loss at 5220.

After few days of red on the screen, Yesterday Sensex posted a 550 points gain, a 3-month high. Nifty was also up 160 points to close at 5144. An unprecedented short covering helped market to post 3.5% gains. Asian markets are showing modest gain with Nikkei up 1%,  Hang Seng and Shanghai are also trading up a percent each. Indian Markets are expected to follow with a gap up opening above the levels of 5150 and will face important resistance at 5190 levels. if closing above 5200 comes then we can expect 5350 levels within this calender year. A close for nifty above 5190 will recharge the bulls and markets will gain momentum on the upside.

Market Strategy: The shorts position on the Nifty was stopped out at 5050, For conservative traders it is advised to go long on any close above 5200 and adventures traders can go short at 5190 today by keeping a stop-loss at 5220 and target of 5110.

Asian markets are tepid today, japan’s Nikkei is closed today and other markets like Hang Seng, Shanghai composite are also not showing any conviction.

By looking at Singapore Nifty , Indian markets are also expected to open flat to negative, 5040 is the levels which will provide resistance, support for nifty will be at 4930 to 4910. Nifty is expected to trade within this 100 point range and form a base for the next move.

Dollar has strengthen again and this could prove negative for our market as  support from FII’s will not be there. Markets direction is a bit uncertain so one should trade cautious. looking at the F&O data the 4900 support is important for Nifty as below which there  can be 250 points slide which will take it to 4650.

Market Strategy remains the same keep the nifty shorts open for an initial target of 4910 and keep a stop-loss at 5050 on the closing basis, any bounce on the upside should be utilized by creating fresh shorts on the nifty.