How nifty bottomed out in Feb, trade idea using India VIX

India VIX corelation with Nifty

There is a strong inverse co relation between nifty future and the India vix index (volatility index). We have seen that, when the nifty has stated to fall the vix was rising, as most nifty option writers were of a view that there are chances that nifty reverse its move soon, so the volatility was increasing and not decreasing. Volatility has always remained high before the major economic ... [Continue Reading]

Buy Nifty future, Slow Stochastic gave Crossover on Daily chart

Nifty future stochastic crossover

Nifty future has opened with gap on Friday's trading session, I have been bullish on Nifty and bank nifty from last 2 - 3 months, yet this is another confirmation for us to be on long side only. As looking into the chart of NSE's Nifty I found a crossover on slow stochastic indicator and this crossover is for bull traders to take long positions. Trading strategy one must follow is to buy into ... [Continue Reading]

Next Strong Resistance for Nifty futures at 4960 level, Short Selling Opportunity

Nifty Futures Change in Open Interest

Nifty future last week bounced from very good support level, but this bounce was a technical bounce and fundamentals had not changed at all. I am still of the view that nifty will be add some selling pressure around 4960 levels as level being strong resistance here. In the below chart the retracement of November 2010 high to low of December 2012, 23.6% level falls at 4967. Also retracement from ... [Continue Reading]

Buy Nifty future for intraday, Positive Divergence on 1 Hour chart

Nifty future today was trading positive with about 20 points gain compared to previous close. On Hourly chart, I saw positive divergence being formed and in am waiting for bounce in next few candles. As soon as Euro Zone GDP data was released this trade became valid from global market front, euro zone has posted GDP growth at 0%, at least better than contraction (negative growth). So my intraday ... [Continue Reading]

Nifty future trading at 200 days Simple moving Average, S&P Downgrades India to Negative

Nifty Future 200 SMA Chart

Standard and Poor's (S&P) has today downgraded India's outlook to negative. As there were many factors responsible for slowdown in foreign investment and also GDP growth which has direct impact on the trade deficit (current account deficit). Now current rating for India is BBB- and has also been warned that India still has 1 out of 3 chance of a downgrade, if situation further become ... [Continue Reading]

Trading Nifty Options (Call Put) with Levels of Nifty Future Chart

Nifty future involves more risk as compared to nifty option (call put), most of the traders as attracted towards nifty options. If you apply technical analysis on nifty options then it won’t work, support and resistance may go wrong. So instead of performing analysis on nifty option trader must look at nifty future, then depending on the analysis and risk traders can choose to go with nifty call ... [Continue Reading]