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Nifty Futures Technical Analysis and Fibonacci Retracement for Next Week 8 August 2011, Target 4800 level, S&P Downgrades US Economy

By Bhaveek Patel Leave a Comment

It was last Friday which shocked the markets, as we have seen Non farming payroll (NFP) data being released. Also we saw S&P (Standard and poor's) has downgraded the US economy from AAA rating to AA+. Last week, Nifty futures has closed just above the 5200 after touching the 5116 level. According to technical levels we see that 5200 was very important level for markets as it was easily broken ... [Continue Reading]

Indian Markets down, How to trade Nifty futures today, Why is nifty futures down today

By Bhaveek Patel Leave a Comment

Nifty futures has corrected from the 5400 level and last 2 days has been very negative for the markets. Even today we have seen the nifty futures trading down by 135 points, at this point of time nifty has also tested the support of 5184 level which is today's lowest trading point. We have already predicted this fall in the previous week analysis that markets must undergo some deep correction. All ... [Continue Reading]

GBPUSD: Bank of England Interest Rate Decision and Techniacal Analysis for 4 August 2011: Buy or Sell GBPUSD

By Bhaveek Patel Leave a Comment

Bank of England is going to announce its decision on interest rates this afternoon, We believe that Bank of England will keep the interest rates unchanged at 0.50%, as growth slowdown was seen in last few months and we are sure that the BoE will be pressured to keep the rates unchanged. Also the inflation there is not a big reason to worry about in UK region. So we will be placing our bets that ... [Continue Reading]

Intraday Stock Trading For Today: Short Sell HDIL Near 135 for Target 130, Technical Analysis

By Bhaveek Patel Leave a Comment

Why HDIL is trading down : Today's intraday trading stock recommendation is on HDIL, as the stock has broken below its support level of 135 so we are seeing huge selling in the stock. So near term trend for this stock will be bearish and we are trading in the direction of the trend, so we will look for selling opportunities as long as the stock is below 136 level. For intraday trading traders can ... [Continue Reading]

4 Stocks will be Added on NSE F&O Trading on 5 August 2011, Expect Stocks to Trade Higher

By Bhaveek Patel Leave a Comment

Nse F&O will include the following stocks in its august series: Coal India, Delta Corporation, Dhanlaxmi Bank and Gujarat Fluorochemicals. This addition will be done on 5 August 2011, We expect stocks to trade higher as there has been always buying in the stocks that are being included in NSE F&O series. We are closely looking at the coal India stock and advice traders to enter long in ... [Continue Reading]

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