Nifty futures had tested its previous bottom of 4720 level but this time the markets were unable to break below that level and just after touching 4725 level we have seen a bounce back towards 4900 level. Even global markets were looking supportive last week, as there were lots of positive surprises coming from European Central Bank (ECB) and US Unemployment data that was released last Friday. ECB ... [Continue Reading]
Nifty Futures Has Strong Resistance at 5200 level, Next Week Trading Advice is Short Sell Nifty Futures at 5200 level
Nifty futures has consolidated through this week we have seen the range for this week in nifty future was 4900 to 5166. We would initiate short positions in nifty futures at 5200 levels for downside trading targets as 5000 and then 4949 levels. Nifty has earlier faced strong resistance at 5200 zone so this can be very good opportunity to go short in nifty futures. We are confident that nifty ... [Continue Reading]
Nifty Futures Faces Strong Resistance at 5170 Level Yesterday, Todays Nifty Futures Target is 5100
Nifty futures was unable to break above the 5170 level yesterday and hence we have seen good amount of selling in nifty futures September series today. Since the 5170 level was a strong resistance level for now. We are expecting nifty futures to target the 5100 level and then 5056 level. Also the global markets has started to weaken yesterday just after the ECB (European Central Bank) has kept its ... [Continue Reading]
Nifty Futures Firmly Trading Below 4966 Level Today, Fresh Short Selling Seen in Nifty Futures, Todays Strategy: Sell on Bounce
Nifty futures was trading in negative zone today, at 11:30 AM today it was down by 49 points. Our today's trading strategy will be to search for short selling opportunities as nifty futures is trading below its strong support of 4966 level now. Yesterday the European markets saw huge sell off, we have seen Germany's DAX index was trading down by more than 5%, also most of the Asian and European ... [Continue Reading]
Unwinding Short Positions and Fresh Long Build up seen, Nifty Futures Traded Above the 4960 Level, Target for Next Week Must be now 5166 Level for September Series, Trend Still Remains Down
It was the pullback rally that we have seen last week, Nifty Futures has recovered from 4718 level to close near 5040 level, so this is about 300 points short covering rally. Nifty futures open interest data suggests us that last week short unwinding was seen and also there was long build up seen in open interest. So this pull back rally may continue till we see 5160 level of past. This level is ... [Continue Reading]
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