Nifty future faces resistance at 6333, Sell on Bounce

by Bhaveek Patel

Nifty future on daily chart was seen testing the all time high level of 6333 many times, but every time it was rejected from that area. This gives us an idea that, market participants are not seeing fresh all time high any time soon. So we have seen, selling at those higher levels in nifty as well as in bank nifty futures. Banking and real estate stocks were the major dragsters in this sell off. […]

Nifty future: Trading the last day of Month, Week and Year

by Bhaveek Patel

As the year 2013 has ended, there were traders on the floor who were making their last smart move on the last trading session of the year. Those people are called “Professional traders“. So if you didn’t knew the importance of the that last trading session, you have missed one of the finest trading opportunity. But still its not so late to prepare yourself for a great trading idea in 2014. Why is last day, […]

How to read India VIX and Trade volatility in Nifty

by Bhaveek Patel

In India, markets have seen significant increase in the volatility index. We have VIX in NSE, which have recently been inching towards 20. Let us see in detail how VIX is used in trading nifty future. Few traders are using VIX to see the correct direction of Nifty future and also find the correct and most probable reversal point. VIX also defines the risk for the nifty positional traders and also option writers. What is […]

Bank Nifty closed at a crucial decision area, Trading analysis

by Bhaveek Patel

Bank nifty future on last Friday has closed at a important decision level which will give a trading idea for next week. Last Fridays closing was a very important as we have seen a very negative candle closing around the days low. Also Bank Nifty future has underperformed Nifty future as we were expecting. The crucial area on daily chart for bank nifty is 12000, from where we will see some bounce or even a […]

Positional Trade: Buy HDFC Bank, Stock trading at support

by Bhaveek Patel

HDFC bank has traded at the support area of the 680. We have seen on the charts that stock is in a strong uptrend and hence our focus is to look for trades on the buy side. Hence, if the stock rallies towards the support we will be looking to buy into the stock. Banking sector has been under-performing nifty future, but on the charts we came to know that the selling was due to […]

Technical Analysis: Buy Titan with target 313, Stock at support

by Bhaveek Patel

Daily chart of titan is showing a fresh trading opportunity for short term. As the trend in titan is up, so we are only looking to buy this stock on every declines. Stock has a support area around 275 level and this can be used as an opportunity to enter the stock for the short term gain. We will be adding a fresh long position in titan around 278 for positional targets as 300 and […]