Yesterday due to global selling, our markets was on the way of selling as well. We Have seen Nifty future for the first time on daily chart has broken below the trend line which has been acting as support from the month of June. So I am expecting some selling in the markets, as being a technical reason. Even Indian rupee has depreciated against USD and reached 54 mark again. Situation after flop ... [Continue Reading]
What is Nifty Future and How to trade it with Trend tool
Beginners who see markets on TV often ask me what is nifty future and how it is traded, what are the benefits of it, how to find out the trend. Here are the answers to some of your queries. What is Nifty future? Before I focus on Nifty future what actually the Nifty index is, So Nifty index is a container of 50 chosen stock (based on NSE's criteria). In other words, 50 large cap stocks make ... [Continue Reading]
Nifty future range trading strategy: Trade Support and resistance
Here is short term range trading strategy for nifty future, hourly chart suggest levels of support resistance for short term: Strong support can be found at 5640 level, where as strong resistance 5720 level for nifty spot. So, one can buy nifty around 5640 level for target of 5700 and one can short nifty at 5720 for target as 5670 level. Stop loss will be, exit when nifty breaks out of this ... [Continue Reading]
Nifty future near term support at 5630 level, Buy on Dips
Nifty future corrected from 5825 level and have been correcting for last 3 days. But still chart suggests, the trend is bullish and so we will still be on the long side of trade. Recent development has lead the risk-on rally in the global market, I believe this will be strengthening further as this is only a temporary pullback in an uptrend, which should be treated as an opportunity to buy into ... [Continue Reading]
Nifty Future has resistance at 5640 level, Short sell Nifty
Nifty future traded higher last week, as it went from 5230 to 5645. But on daily chart level of 5640 is a resistance, and I believe it will hold nifty future sometime here before next up-move is seen. So I am going against the trend this time to play support resistance trade on nifty future, I would be looking to go short on nifty future around 5615 level, for targets as 5555 and then 5525. Stop ... [Continue Reading]
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