Nifty future is one of the most traded contracts on the National stock exchange (NSE), many traders follows day trading method in their trading strategy. Markets are mostly unpredictable as per their nature, but using technical analysis a trader can maximize his chances of market prediction. These are simply based upon what they say combination of technical analysis and the fundamental analysis. ... [Continue Reading]
Find the Trend of Nifty Future Using Daily Chart Technical Analysis
Trend is very useful friend of trader, if spotted correctly. In my trading experience trading in the direction of daily trend can make you profitable trader over a period of time. On daily chart you can easily find trend just by simple observation; you will need EOD chart for nifty future. Once you have chart handy, we need to apply a 200 SMA (simple moving average) on it. Carefully look price ... [Continue Reading]
Short Sell Ultratec Cement ULTRACEMCO Future at 1510 level target 1310
Ultratec cement (ultracemco) is trading near 138.2% Fibonacci extension level, this level is widely used for profit booking and many professional traders are ready to book profits now. A correction can be easily ruled-out which will pull this stock towards 1380 level and much lower then after. We would advice traders to short sell ultracemco future near 1510 for positional targets as 1380 and then ... [Continue Reading]
Fibonacci Support on Infosys chart, Buy INFY future around 2845
Infosys on charts has support around 2810 level as this level is Fibonacci retracement level and we see some support on chart around 2815 level on INFY spot and 2845 level on infy future. We would suggest traders to participate in this supportive stock by buying INFY future around 2830 to 2845 zone for positional trading target of 2930 in 6 to 8 trading sessions. Placing trading stop loss order ... [Continue Reading]
Reliance May Find Support at 700 Level, Buying Opportunity in Reliance Futures January Series
Today's trade setup is purely technical analysis on Reliance Industries. Looking at Reliance daily chart we see stock has previously taken support near 700 level, However this support may not give immediate rebound, but consolidate first and then rebound. Chart suggest we are already in consolidation near 700 level, if we switch to weekly chart we see current price action is just taking support at ... [Continue Reading]
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