Nifty future was trading lower by more than 125 points, major part of selling was due to poor data released from European in afternoon at 1:30pm IST. Also china PMI came lower suggesting confidence in Chinese economy is getting lower due to lower growth target. We saw commodities were trading lower on that account, thus creating strength in USD. In Europe just after the data was released we saw Germany’s DAX index falling more than a percent in few minutes time, this selling also came in nifty future and from intraday high nifty future lost about 150 points. How ever nifty future has somehow managed to hold above 5220 level on charts and breaking below that level we would see it testing 5170 level. For long term investor it is right time to start their investment in small percentage, like I would have invested 20% of my total capital in few mid-cap stocks in different sectors. Banking index was also one of the under-performing sector today, large-cap stock like Jindal Steel, State Bank of India, Infosys, axis bank, BHEL, HDFC Bank, Tata Motors, ITC, LT, BHARTIARTL, ICICI Bank and Reliance Industries these stocks were hit badly today. We must see nifty future consolidation for next few sessions, traders are advised to stay cautious as it is now news driven market, also keen an eye on Q4 results annual result that will be out very soon.
About Bhaveek PatelBhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.
I need details about problems in china and europe. Can i buy bank nifty future what is trend in market now, sir you have any multibagger stock for 2 to 3 years which can give 4 times or 6 times return.
Bhaveek, I have been regular reader of your blog. Looking at your analysis I have decided to learn technical analysis just as you do. I have no knowledge about it, please help me I am from Hyderabad; if possible will call you tomorrow. Can you suggest stocks for intraday trading or intraday nifty future trading.
Thanks,
Md Asif
Sir I know technical analysis, i have done these courses; what I want to learn from you is strategies. Can you take a course on strategies, as i have knowledge about technical analysis. My cell num 985863XXXX.
I am short on nifty future at 5340 1 lot only, will nifty future correct further what is strong support for nifty future on charts. Should I roll over position to next month at time of expiry.
Nice to see you analysis on nifty future, I am very amazed by your strategies. More over I am now interested in learning technical analysis online. I am house wife and part time nifty future trader, most of my trades goes right now with your strategies. I would like to know if you give nifty trading calls via sms.
Regards,
Mitali Kurekar
Hi, I am holding 2 lots of bank nifty future at average of 10325 can you tell target for expiry, will market go up from here? Also I am interested in learning technical analysis from you, can you take class of 15 people if I invite you here. What are your charges? I have already sent you mail for it yesterday.
Thanks & Regards,
Ashwin Patel
Do you take seminars on technical analysis, as i have previously received your sms on it. I want to partner with you for seminars in Mumbai. I will call you on monday, you can note my no. 993053XXXX. BTW What’s your view on nifty future and bank nifty, any strategies for nifty option or stock option?
Waiting for relply.
I am bank nifty future trader, i am seeing your website from few months. Your trading ideas are very helpful to me, I am able to make few thousands every week and wanted to learn technical analysis from you. I have seen many tips provider but all of them are waste, you are giving tips free of cost that also very accurate. I have read your post on bank nifty and nifty 5300 call option, it was superb i made huge money from those 2 tips. Best of luck sir, keep doing good work my wishes with you. 🙂
I bought nifty 5300 put option, what is target in 3 to 5 days. expiry is also near. Can you tell stocks for long term holding. Bank nifty future is bullish or bearish?
sir,i want to learn bank nifty technical analysis for intraday .sir plz guide me for intraday trading.