On the expiry of February series some fresh short buildup seen in Nifty futures and is still targeting the 5200 area in near term. Markets are in bearish mood and will witness fresh selling pressure in coming days, before any up-move, however a strong resistance now do exists at 5348 level which is still acting as potential down side risk, as FII and EM funds are busy in continuing outflow in ... [Continue Reading]

After some short covering Nifty futures is still resuming its downtrend targeting towards 5400 levels on Monday. Markets are still mixed to bearish and will see consolidation before any upmove, however a strong resistance do exists at 5500 level which is still acting as potential downtrend, as FII are continuing their selling mood in this market. The markets are likely to witness more selling ... [Continue Reading]

After some short covering Nifty futures extended towards 5490 levels on Wednesday. Markets are still mixed to bearish and will see consolidation before any upmove, however a strong resistance do exists at 5500 level which is still acting as potential downtrend, as FII are continuing their selling mood in this market. The markets are likely to witness more selling pressure as long as nifty is ... [Continue Reading]

Today Nifty futures will see some short covering rally, however a stiff resistance do exists at 5353 level which is still acting as potential downtrend, as FII are continuing being sellers in this market. The markets are likely to witness more selling pressure as long as nifty is trading below 5353 level. I will be looking for selling opportunities as as long as nifty futures is trading below 5353 ... [Continue Reading]