Nifty future had moved from its low of 4500 to high of 5600, this move was 1100 points up move in just 1 month. Stocks from infrastructure sector have doubled in this period, on charts we are seeing nifty future is likely to see some profit booking after decent rally. Momentum indicators are suggesting some slow down in current upward momentum, this slow down will result in consolidation and may ... [Continue Reading]
Shall I Buy Nifty 4800 Call Options, Nifty Trading Higher Today
Nifty future is trading higher by about 100 points and we believe this up move will continue till nifty reaches a resistance level, So it would be better if we trade nifty options. Hence buy nifty 4800 call options for short term near 49 level for target price of 90 and then 130 levels, Looking at charts we see nifty future has more room for up move. Stop loss for this trade should be just under ... [Continue Reading]
Sell Nifty Future near 4700 Level, Next Week Target 4550 Level
We are not in a bullish market and this is just a pullback in the down trend, hence taking a use of technical indicator such as Slow Stochastic we will time our exact short entry on nifty future. Watching open interest data we have seen current month future contracts adding more than 40 lakh shares in open interest. In today’s trading session nifty was unable to surpass 4700 level, also intraday ... [Continue Reading]
Steel Sector May See More Downside: Demands Low, Jindal Steel Hit by Mines closed in Bellary
Jindal Steel & Power Ltd. is the flag ship company of O.P Jindal group. This company was listed on NSE on 29 December 1999, looking at the stock chart we see that the price action was showing the bullishness on the stock and we are sure that the long term trend is likely to continue. At the CMP (current market price) we see that the stock is trading in the range and there should be a breakout ... [Continue Reading]
Cigarette Manufacturer Giant: ITC is Low Beta Stock, Safe Investment in Stock Market
ITC Ltd. is India's largest cigarette manufacturer. It is one of the oldest listed company on NSE as it was listed on 23 August 1995. The stock has moved significantly in these years with lots of splits and bonus shares issued, it has made ITC one of the most valuable company in the FMCG sector. If we look at the charts of ITC stock then we see that it has made a recent all time high on 2 June ... [Continue Reading]
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