Nifty futures saw a negative breakdown of 5700 level, heading towards 5631 level. We now have negative outlook in nifty, we see we can correct towards 5515 level or even 5466 level. The major negative news in markets are growing inflation, surging crude oil prices, this will create pressure in interest rates in near term. So we will look for the selling opportunity near 5678 level for near term ... [Continue Reading]

Nifty futures was trading in range for previous 2 sessions after 6 days of straight correction. But nifty still above 5700 mark is a relief for markets. So we can conclude that a consolidation period will continue for few session before a bounce back to 5950 levels. So as long as nifty is trading above 5700 level we see limited downside upto 5700 with upside potential target of 5950 level. So we ... [Continue Reading]