Nifty futures continuing its downtrend falling from 5900 to 5414 levels yesterday. We are looking for selling opportunities only on every up move from here. Also markets are likely to heavily consolidate, due to high volatility in commodity prices recently. However we will advice traders to build short position on every up move. We are going to see more selling from the current levels which will ... [Continue Reading]

Nifty futures has changed the near term trading outlook from bullish to bearish after falling to 5444 levels on 5 May 2011. Since then we are looking for selling opportunities only on every up move. Also markets are likely to heavily consolidate, due to high volatility in commodity prices. However we will advice traders to build short position on every up move. We are going to see more selling ... [Continue Reading]

Huge selling pulled the nifty to 5400 levels in last week, we saw nifty making series of lower high and lower lows suggesting a strong downtrend. Nifty has moved from 5900 to 5400 in a very short period of time. Today Nifty futures is trading lower by 30 points, but still we will be trading short in this market scenario as the technical indicators like RSI is loosing the momentum and strongly ... [Continue Reading]

Nifty futures has been trading lower for last 9 sessions and today we have seen some profit booking in the form of short covering, due to lower crude oil prices. However we will advice traders to build short position on every up move. We are going to see more selling from the current levels which will pull the markets towards the 5200 level of past. So the current trend is down ward and taking the ... [Continue Reading]

Nifty futures has faced strong resistance at 5569 level yesterday and is trading below this crucial level even today. The major selling came from the FII as they were net sellers of Rs.1000cr yesterday. We will advice traders to trade short for today as major selling can be seen near 5569 level in nifty futures targeting 5509 area today. Markets are in downtrend and is likely to witness more ... [Continue Reading]