Nifty futures is continuing its downtrend, as FII are on selling mood. The markets are likely to witness selling pressure and will continue till we see some short covering. As long as nifty futures is trading below 5500 levels we will be bearish and keep short positions on nifty futures with intraday target of 5452 and 5439 level. Also we will trade with strict stop loss of 5500. So we will look ... [Continue Reading]

Nifty futures is continuing its downtrend i.e trading below its strong support level. The selling pressure will continue till we see some short covering rally. As long as nifty futures is trading below 5515 levels we will be short on nifty futures with intraday target of 5442 and 5419 level. Also we will trade with strict stop loss of 5521. So we will look for the selling opportunity as long as ... [Continue Reading]

Nifty futures yesterday closed below 5628 level i.e below its strong support level. The selling pressure will continue till we see some short covering rally. As long as nifty futures is trading below 5628 levels we will be short on nifty futures with intraday target of 5572 and 5545 level. Also we will trade with strict stop loss of 5630. So we will look for the selling opportunity as long as ... [Continue Reading]

Nifty futures saw a positive start but soon after the RBI policy it is trading at days low near 5749 level, As long as nifty is trading above 5744 levels we will be long on nifty futures with intraday target of 5788 and 5800 level. Also we will trade with stop loss of 5739. So we will look for the buying opportunity as long as nifty holds the 5744 level level for near term target of 5788 and 5800 ... [Continue Reading]

As we saw Nifty trading in tight range throughout the week, we can even call it consolidation, we are now seeing that this consolidation cannot be ruled out to more extend. So a short covering rally is expected targeting 5850 levels. When we talk about nifty futures we are more likely to bounce back to 5850 levels. Technically nifty is having strong resistance at 5744 level. Support at 5615 and ... [Continue Reading]