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 5330 and 5351 levels. So the downtrend must continue till the next support level is reached, we are expecting heavy selling in the coming sessions. For ... [Continue Reading]

Nifty futures seen deep correction in the early hour of trade, the panic selling came from the major market participants, as there was some talks going on for the Mauritius DTTA, we also saw the huge selling in the stocks like GTL and the GLTINFRA, as it is said that these companies has about 11% of holding from the Mauritian company technology infra. Today's correction has warned us about the ... [Continue Reading]

Nifty future trading range from past 30 sessions was 5300 - 5700 range, in this range the nifty was heavily consolidating and we see further consolidation before any up move. At CMP we will however remain bearish as long as nifty is trading below 5565 level. Technical indicators are showing lack of strong momentum from current levels, we are confident that the recovery will take more time. We will ... [Continue Reading]

Nifty futures is trading in range of 5600 and 5400 for the long time. We are expecting a positive breakout above the higher level of the range for initial target of 5691 level. For intraday traders we will advice them to trade short for today as the nifty is weakening in the lower time frame charts like 15 minutes. Also on every up move we are expecting some fresh selling in this index. So for ... [Continue Reading]