Nifty future is now in consolidation before any breakout, we are however bearish as long as nifty is trading below 5744 level. Downside risk is now limited and is upto 5615 level. If nifty is able to sustain above 5744 level for 2 days then we will see a short covering rally towards 5850 level. For intraday trading we recommend to look for buying opportunity near 5615 level for intraday targets of ... [Continue Reading]

Nifty futures saw a negative breakdown of 5700 level last Friday, heading towards 5631 level. We now have negative outlook in nifty, we see we can correct towards 5515 level or even 5466 level. The major negative news in markets are growing inflation, surging crude oil prices, this will create pressure in interest rates in near term. So we will look for the selling opportunity near 5666 level for ... [Continue Reading]

Nifty futures saw a negative breakdown of 5700 level, heading towards 5631 level. We now have negative outlook in nifty, we see we can correct towards 5515 level or even 5466 level. The major negative news in markets are growing inflation, surging crude oil prices, this will create pressure in interest rates in near term. So we will look for the selling opportunity near 5678 level for near term ... [Continue Reading]

Nifty futures was trading in range for previous 2 sessions after 6 days of straight correction. But nifty still above 5700 mark is a relief for markets. So we can conclude that a consolidation period will continue for few session before a bounce back to 5950 levels. So as long as nifty is trading above 5700 level we see limited downside upto 5700 with upside potential target of 5950 level. So we ... [Continue Reading]

Nifty futures was trading with consolidation moves for last 2 sessions after 6 days of correction. But nifty finally closing above 5800 mark yesterday is a good sign. So we can conclude that a consolidation period will continue for few session before a bounce back to 5950 levels. So as long as nifty is trading above 5744 level we see limited downside with upside potential target of 5950 level. So ... [Continue Reading]