Indian markets closed strongly above 5600 level, but still we see that markets are in range and this range is likely to be 5560 and 5685 range. So this will be better to wait for the breakout in either direction as the markets were not strong enough to break out of this range. For range traders the support lies at 5560 level and resistance is at 5685 level. So we are again back in the ... [Continue Reading]
Today’s Trading Analysis on Nifty Futures, Buy above 5610, For Target 5665
Nifty futures is trading positive today, at 11:30 AM today it was up by 72 points. We will be looking for buying opportunities as nifty futures is trading firmly above its strong resistance zone of 5600. Also there was support from the European markets yesterday. So this is very good opportunity for intraday traders to long positions in nifty futures for today's trade. We will recommend to buy ... [Continue Reading]
Trading Analysis on Nifty Futures For 20 July 2011, Buy above 5606 for target 5670
Nifty future is trading in tight range from past 4 sessions, this consolidation should not be ruled out for longer period of time and we should see a breakout in the positive direction. At CMP we will however remain bullish as long as nifty is trading above 5605 level. Technical analysis indicators are showing intermediate bullish momentum from current levels, we are confident that there should be ... [Continue Reading]
Trading Analysis on Nifty Futures For 18 July 2011, buy above 5577, For Target 5628
Nifty futures is trading flat today, at 10:30 AM today. But the closing that we have seen in last week suggest us that there is now up side possible and we are now looking for buying opportunities as long as price action remains above the 5577 level (on 2 days closing basis). So traders should be look for buys only, We are now bullish for intraday trading as nifty futures has managed to close ... [Continue Reading]
Trading Nifty Futures level on 13 July 2011 sell below 5568 for target 5528
Nifty futures yesterday didn’t manage to close above its strong resistance level of 5568. So we saw this selling pressure continuing and taking nifty futures to the lower levels of 5518 for intraday trading view. The mood of market participants is looking bearish especially the FII, as they have been selling continuously in equities. Also looking yesterday’s F&O open interest data we see that ... [Continue Reading]
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