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 is in downtrend, How to Short Sell on Every Bounce
Looking at the charts, we see nifty is making series of lower tops and lower bottom, hence downtrend is still valid. Being a trend chasing trader we will be looking every pullback as selling opportunity on nifty future. Every pullback will give us new short sell entry on Nifty future; this entry can be timed with the help of indicators like RSI, MACD, CCI or Slow Stochastic. In our case we will be ... [Continue Reading]
Private Sector Banking Stocks Looks Attractive: ICICI Bank may Outperform State Bank of India
ICICI Bank Ltd is India's largest private sector bank, operating a huge networks of its branches and ATMs across the country and abroad. Looking at the daily stock chart, we see price action is suggesting consolidation and we are waiting for a confirmed breakout. So our initial strategy would be to enter the buy trade on the positive breakout, we will place our buy entry orders above 1090 level ... [Continue Reading]
Buy or Sell Adani Enterprises, Markets are Weaker in short term, Nifty to Weaken Further
Adani Enterprises is a key company of India's leading business group, Adani Group. This company is very well diversified in the Indian market. When we look for stock performance we see very bright future of investors in this company, also the company has proved from time to time about its performance. The technical study on this stock suggest investors to look for buying opportunities in this ... [Continue Reading]
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