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Chinese GDP data, Why Nifty future will trade lower this week

By Bhaveek Patel Leave a Comment

We are predicting that nifty future is going to trade lower this week, here is the main reason behind our analysis. On Friday, Chinese real GDP data is due to be released, previously this number was 9.2% but as last financial year was full of slowdown and global worries we are expecting this number to be around 8.4% or even 8%. This will be a huge gap for market expectation and hence we will be seeing global selling due to this, from which Indian markets cannot escape, Hence Nifty future will be trading lower this week. Lower GDP numbers are not only limited to stock markets, it will have impact on commodities such as oil, gold, silver and natural gas. We may see huge volatility in currencies major like EURUSD, GBPUSD, AUDUSD, USDJPY, USDCHF and USDCAD.

How You Should Trade:

Indian traders are advised to enter short positions on every intraday pullback, however depending on trader’s risk one can even go long on nifty put options. We are not declaring targets right now as markets may move sideways for some time before Q4 results come in. You can refer to our guide on choosing correct strike price for nifty option.

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Category: Nifty Tags: Chinese GDP/ GDP Data/ Nifty Future

About Bhaveek Patel

Bhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.

Comments

  1. jack says

    bhaveek bhai,i am holding ster in future at 105.25,can you guide me about this stock—whether its trend is up or down.thanks

    Reply
    • Bhaveek Patel says

      Hi Jack, Trend for this stock must be sideways for near term.

      Reply
  2. Varun says

    Sir’ i have taken short in nifty. What stoplos should be set ?

    Reply
  3. varun says

    Sir, i need to know the stop loss for trading nifty future for intraday trading. Also want to know how do you get fundamental news.

    Reply
  4. Dhiraj says

    Without any dates on articles and comments, the value of the content is greatly diminished

    Reply

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