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]
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]
DLF is in Down Trend Since Recession of 2008, Trading Strategy is to Short Sell on Every Bounce
DLF Ltd. is the largest real estate developer in India. But since the sub-prime loan crisis in the western countries DLF has moved to its lowest level in November 2009. DLF stock on NSE is still trading with bearish bias and we see that it is taking the resistance at the 100 EMA, Since the price action is close to that resistance level we are expecting the selling coming in the DLF stock. We ... [Continue Reading]
Strong Fundamentals Bullish Outlook for Grasim Industries, Strategy: Buy on Dips
Grasim Industries Ltd. is well diversified company into different high growth sectors. When we study charts of the stock performance we see that there is lot of possible downside in this stock form current levels. Technically speaking there is a sell call generated in this stock at current levels of 2220 for targets of 1800 and then 1745. It is also advised to place the stop loss above the 2300 ... [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]
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