Nifty future is in a bull market, as today is F&O expiry of June series. We are of the view that traders being long on Nifty future in the June series should rollover their position to July series. For long positions in Nifty I am expecting short term target of 5230 and then 5290 level. For Medium term (July series) I am seeing 5360 and then 5400 on daily chart of Nifty future. However I see ... [Continue Reading]
Celebrating OurNifty.com’s third Anniversary Today
Dear traders, Its a happiest moment for us, to announce that today we have completed 3 successful years of our online operations on 27 June 2012. It was only possible because of your ever growing participation and feedback, last 1 year journey was fantastic as in this period we have successfully trained more than 175 people in India and across the globe under our technical analysis course. We have ... [Continue Reading]
Nifty future bullish for Medium term, Correction is a Gift
Watching the weekly chart of nifty future I came up with a conclusion that nifty future is in up trend for medium term. Every pullback or correction that we see must be solid trading opportunity for going long (Buying) on nifty future. Traders can take the help of indicators like slow stochastic to enter the trades, i.e time their long entries on nifty future. Here is daily chart of ... [Continue Reading]
When should you use long straddle strategy for Nifty Options Trade
Let me tell you friends, taking long straddle on nifty option means buying both call option and a put option for nifty. These two options i.e call and put option are bought at the same time, same strike price and expiry. You will make profit in long straddle if Nifty future moves a long way from the strike price, either above or below. So a trader take nifty long straddle position if he thinks ... [Continue Reading]
Trade Setup on Piramal Health, Short sell PIRHEALTH Future
Trading idea based upon Fibonacci extension level, stock is Piramal Healthcare (PIRHEALTH). On daily chart we have seen the extension level acting as resistance. Also a sell crossover was seen on stochastic indicator around 80 zone, stock was already overbought. As on chart 138.2% Fibonacci extension level, 528 must act as resistance in short term. If you look at futures open interest data for ... [Continue Reading]
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