Nifty future is now in consolidation before any possible breakout, we are however bearish as long as nifty is trading below 5500 level. Downside and upside are both unpredictable from here. We will advice traders to stay away from this market, as risk is now going higher. If nifty is able to break above 5527 level for two days continuously then we will see a short covering rally upto 5700 level. ... [Continue Reading]

Nifty futures is continuing its downtrend, as FII are on selling mood. The markets are likely to witness selling pressure and will continue till we see some short covering. As long as nifty futures is trading below 5500 levels we will be bearish and keep short positions on nifty futures with intraday target of 5452 and 5439 level. Also we will trade with strict stop loss of 5500. So we will look ... [Continue Reading]