On daily charts we have seen that nifty future has formed a double top pattern (A kind of short term reversal pattern), we are of view that nifty future is more likely to see a reversal in trend. If you go through recent fundamental changes, there are also signalling the change in short term trend, like inflation has gone below 7% now, IIP data has come above 6% and is much in line to estimates by ... [Continue Reading]
Nifty future strategy for Trading consolidation and breakouts
When we say consolidation we mean market trading in a range, range is known as support resistance in this case. When nifty future is in consolidation period, most of the traders plot support level at bottom of price and resistance to top of price action. Now trading idea is to short sell nifty future when it reaches resistance line, buy nifty future when support level is being tested. This is ... [Continue Reading]
Things to check when trading NSE Nifty Future contract
Here is my list to check before open / entering into the trade on nifty future contract, if trader follows this list believe me there is lot you can improve on you trading side. Here it is: 1. Check the medium term trend on weekly charts. 2. Find the trading opportunity in the direction of medium term trend. 3. Watch for global markets like DAX, Dow Jones and Shanghai Composite. 4. Have a look at ... [Continue Reading]
How FII’s are losing more than Domestic investors, Nifty future made new low today
Panic selling is coming from FII as they are losing more than domestic investors, if this continues we will see more downside from current levels. Most of the FII track their asset in terms of USD and strength is USD across globe is creating extreme pressure in our economy, FII are now liquidating their positions and buying USD to take the advantage of strong USD. If you compare nifty future with ... [Continue Reading]
Trading in the direction of the trend using Nifty future
Traders I will teach you a trading strategy, in which I will explain how you can make large amount of money with higher accuracy. This strategy will follow principle of “Trading in the direction of trading”, whenever we place a trade we should know which direction market will move so that we trade on right side of the trend and make money. If you have ever noticed you will many traders don’t know ... [Continue Reading]
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