A bounce in Bank Nifty Future is likely as we have seen large cap banking stock moving above their important resistance level. In stock like State bank of India, ICICI Bank, Axis Bank, PNB, Bank of Baroda, HDFC Bank are looking ready for an up move of about 5 to 8% hence There will at least 500 points rally on bank nifty index, traders can buy bank nifty future around 9500 level for target of ... [Continue Reading]
Short Sell Nifty Future, More Downside Likely From Global Markets
Today we have seen Italian bond yields has gone up sharply and this was the reason for most of the global markets turmoil, this down move or huge selling will bring Indian markets in its radar. Most of the negative news flows are from Europe, lower PMI, high Inflation, Greece to default, Unemployment a concern, Lower GDP, Unsuccessful bond auctions. These are all negative factors affecting our ... [Continue Reading]
Buy Nifty Futures Current Month Series, Target 4950 Level in Short Term
Nifty future after closing above 4800 level, has changed traders sentiment to bullish and we believe this sentiment will bring back broad based buying in nifty future. So technical analysis traders will wait for pull back to enter the market, therefore any pull in nifty future will attract huge buying interest. Even we will be looking to add long positions near 4820 level as this level is very ... [Continue Reading]
Trading Nifty Futures Using Support and Resistance Basic Rules
Before trading Nifty Future let’s get to basic about support resistance, now support is a technical level or key level, from where stock / market starts to bounce, hence we say stock took support. Resistance is also technical level from where stock starts to fall. These were simple definitions of support and resistance; let us discuss some facts about support resistance before we actually apply it ... [Continue Reading]
Nifty Future Complete Technical Analysis for Current Month Series F&O Expiry
Nifty has given a positive breakout by closing above the crucial level of 4900, we have also confirmed front line stocks like Reliance, State Bank, Icici Bank, Infosys, Dlf, Hindalco, Sesa Goa, Tata Steel, Tata Motors, Hero Moto Corp and many other. Nifty future closing above major resistance is very important for upside in the coming weeks, now nifty future may target 5200 level in this month ... [Continue Reading]
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