Nifty futures is trading lower about 64 points, at 11:02 AM today. But the price action is suggesting some fresh selling just after the IIP number for MAY 2011 we saw very weak number from MAY IIP data. Soon the selling followed just after the release of IIP numbers. Also Nifty has broken the strong support of 5569 level and we are sure that selling is likely to follow and will be pulling the ... [Continue Reading]
Nifty Futures Support Resistance Level For 4 July 2011, sell below 5679, For Target 5606
Nifty futures is trading higher about 13 points, at 10:50 AM today. But the price action is suggesting some profit booking is likely in this market scenario as price action is below the 50% retracement, which is acting as the strong resistance level and we see that it will be difficult for the market to break above that level in near term. So we will be looking for selling near the 5679 level for ... [Continue Reading]
Nifty Futures Support Resistance Level For 1 July 2011, sell below 5685 for target 5595
Today at 10:50 AM Nifty futures is trading higher about 15 points. But we see the price action is suggesting some profit booking as we have approached the 50% retracement, which is currently the resistance level and we see that it will be difficult for the market to break above that level in near term. So we will be looking for selling near the 5685 level for target of 5595 and 5575 levels, it is ... [Continue Reading]
Nifty Futures Trading Intraday Tips For 24 June 2011, Sell below 5415 Target 5353
Today at 10:35 AM Nifty futures is trading higher about 60 points or 1.7%. But we see the price action is still below the major resistance zone suggesting that there is still some downside and we are sure that nifty futures will find the resistance at these (5415) level. So once nifty reach near 5415 level one can go short on nifty futures for the target of 5350 5323 levels also placing the stop ... [Continue Reading]
Nifty Futures Support Resistance Level For 23 June 2011, Sell below 5328, For Target 5255
Nifty futures has given the downside breakout and this is signal for continuation of down trend. We see that markets has broken all the major supports and is now heading towards the last support of 5050 level. Also the intraday resistance is now at 5328 and 5353 levels. So the downtrend must continue till the next support level is reached, we are expecting heavy selling in the coming sessions. As ... [Continue Reading]
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