Nifty future on charts clearly shows an uptrend, however we are not satisfied with volumes. There is always correlation of price action with trading volume, as nifty future price increases volume must also increase accordingly. But this time nifty future is rising and volumes are declining, this is early hint that markets are going to see some downside. Volume often represents confidence, if ... [Continue Reading]
Short Term Trading Nifty Future Using Fibonacci Retracement Level
Fibonacci retracement level is actually combination of ratios of numbers of Fibonacci series. These ratios are used as support resistance in stocks and other financial markets, most of traders look these level for placing their entry orders also it is used to place stop loss for trade. So overall Fibonacci retracement in very important or I say must have tool for trading. Now I will demonstrate on ... [Continue Reading]
How RSI can be used to Find Trend in Nifty Future Medium Term
RSI is a mechanical indicator used in technical analysis; this indicator can be used to find whether stock is overbought or oversold. Along with this RSI has a very special purpose, it can find out medium term trend in stocks or Nifty. How that I will show you, now in RSI we have to important levels 30 level which is oversold region and another 70 level considered as overbought region. Whenever ... [Continue Reading]
Stock with Positive Breakout Today in NSE Nifty Index, Buy them on Dips
After covering the stocks with negative breakout in my previous article I am here with a list of Nifty index stocks which are giving positive breakout. Let’s begin with some defensive names: 1. Hindunilvr: This is FMCG company, stock has give a positive up move after breaking above 360 level, we are positive on this stock, and traders can keep looking for buying opportunity till stock enjoys above ... [Continue Reading]
Nifty Index Stocks Giving Negative Breakout, Stocks to Short Sell Today
Nifty index stocks that has broken below support level, gave a negative breakout. Hire is the list of them: 1. Reliance: Stock has broken support level of 900 level and so it’s a selling opportunity on charts. 2. State bank of India: SBIN has been negative after the results were announced and S&P has downgraded it. On break below 2000 level stock has become extremely negative. 3. BHEL: On ... [Continue Reading]
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