Nifty futures has been trading almost flat for last 1 week due to lack of liquidity in the markets. We see a resistance level do exist near 6091 level, so our initial strategy for today is to wait for breakout in nifty futures above 6094 level for intraday targets of 6132 and 6153. Nifty is trading flat with limited downside holding 6045 strong support, but strong F&O expiry today may keep ... [Continue Reading]

Nifty future is trading higher today after long period of consolidation. We have now changed our view from consolidation to bullish in short term. We will now look for buying opportunity near 6050 levels for short term target of 6095, at higher levels we are going to find resistance at 6070 level, which is strong resistance now. Once we break this resistance we will witness more buying upto its ... [Continue Reading]

Nifty futures has been trading almost flat for last 1 week due to lack of liquidity in the markets. We see a resistance level do exist near 6041 level, so our initial strategy for today is to wait for breakout in nifty futures above 6046 level for intraday targets of 6072 and 6093. Nifty is trading flat with limited downside holding 5989 strong support, but strong resistance at 6043 level may keep ... [Continue Reading]

As we saw Nifty trading in tight range throughout the week, we are now seeing that this consolidation cannot be ruled out to more extend. So a positive breakout is expected targeting 6070 levels followed by short covering and fresh long positions. When we talk about nifty futures we are more likely to bounce back to 6070 levels. Technically nifty is having strong resistance at 6070 level. ... [Continue Reading]