• Trading Account
  • Downloads
  • Nifty Options OI
    • Nifty Max Pain Chart
    • Nifty Option Change in OI Chart
    • Nifty Put Call Ratio
    • Nifty Option Total Change in OI
    • Nifty Trend Finder
  • BankNifty Option OI
  • About Us
  • Learn Technical Analysis
    • Advance Option Trading Course

OurNifty.com

A Indian Stock Market Blog

  • Forex
  • Gold
  • Intraday Stocks
  • Midcap Stocks
  • Multibagger
  • Nifty
  • Nifty Option
  • NSE
  • Amibroker

How NEWS can impact near term nifty future price action

By Bhaveek Patel 2 Comments

NEWS do impact market as it decides the present and future fundamentals of companies and stocks. This week on Monday we have seen the event of RBI’s credit policy (Central bank of India), this event decides the interest rates and have high impact on markets. Out come of RBI’s policy was it kept the interest rates unchanged, but market was expecting a rate cut this time. Hence we have seen heavy selling in markets, both Sensex and Nifty dropped about 3% from its high. See the chart of nifty future below:

Nifty future chart after RBI credit policy

While any news is being released, wait for it to be released and don’t take the trade before such news unless we know the risk of trade. If you still want to speculate then use a strict stop loss which will invalidate your trading idea, if news goes against you. News has always impacted the market after it is released, important news decide the medium term trend, while traders use technical analysis for taking positions in short term in direction of that trend.

Stochastic crossover in nifty future chart

As of now if you see daily charts then you will come to know nifty bounced from 4770 to about 5190 level. This was about 400 points bounce, this cannot be just speculative trade that moved nifty 400 points in few weeks. Some positions may be speculative, but not all. So the uptrend that began here is going to continue here. I would love to take long positions in nifty future on every pullback, first target will be 5200 and on break above that level I see more up side towards 5300 level. Stop loss must be below 5000 level on charts (based on closing only). Technical indicators (Stochastic indicator in this case) has given a crossover on hourly chart today, executed my long position.

You can also learn to analyze the nifty future or any stocks like I do, join me on technical analysis course or call +91-9970777789 for demo.

Share
Tweet
Pin
0 Shares

You Should Read This:

  1. Short term Stock Trading: Buy LUPIN Near 456 for Target 518, Technical Analysis Applied Trendline Supports Price Action Lupin Ltd. short term outlook for trading as we have seen this stock is in strong uptrend irrespective of market movement so we believe that LUPIN will strengthen further once it closes above 488 level....
  2. Right Time to Buy HDIL December Series Future, Price Action Testing Support of 62.65 Level Today we have another trade setup for a stock that was in downtrend, its HDIL. We have seen this stock making the series of lower tops and lower bottom, Today what we have seen is...
  3. How can Currencies Impact Nifty Futures Movements in Short Term Our local currency is Indian Rupee INR, Indian government spend large amount of foreign exchange in importing crude oil from oil exporting countries like Iran. If the cost of USD is high then crude import...
  4. How European Debt Crisis Impact Nifty Future and Other Markets European markets are closely linked to other market of world; debt crisis is now spreading to other countries of Europe. First it was Portuguese, Italy, Greece and Spain (PIGS) then crisis started to deepen, causing...
  5. Major news event that affect nifty future the most Most important news release that move nifty future significantly are related to fundamentals, these fundamental news events when becomes public nifty trades with very high volatility. These news events are: 1. GDP data: GDP data...

Category: Nifty Tags: RBI Credit Policy/ Trading NEWS/ Trading 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. Trading Market Online says

    News makes troubles for technical traders and technical analysis makes trouble for fundamental traders. Trades should consider using both approaches or at least close the trades before risk events like news releases.

    Reply
    • Bhaveek Patel says

      You have got it right, technical and fundamental analysis both should be used. Fundamentals gives long term / medium term view, where as technical analysis helps to get us entries based upon technical levels.

      Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Previous Post: How to control Emotions, when making regular profit in Nifty Future trading
Next Post: Stochastic Gave Buy Crossover in ACC weekly chart, Buy ACC

Advance Options Trading Course

options trading course

Lowest Brokerage Trading A/c

Lowest brokerage trading account opening in India

Learn Technical Analysis

technical analysis course

Recent Articles

  • ASX Penny Stocks List for 2023
  • 7 Ways to Boost Your Revenue
  • NYSE Penny Stocks List for 2023
  • Short On Cash? Here’s How You Can Manage Your Priority Spends
  • FREE Webinar on Option Chain Analysis
  • LSE Penny stocks list for trading in 2023 Should you buy?
  • BSE Penny Stocks List 2023

Popular Categories

Amibroker Finance Forex Gold Intraday Stocks IPO Midcap Stocks Multibagger NEWS Nifty Nifty Option NSE Short Term Stocks Technical Analysis

About Us | Contact Us | Privacy Policy | Disclaimer


Copyright © 2009 - 2023 OurNifty.com Trading ideas published here cannot be reproduced without permission from the author.
OurNifty is Powered by Wordpress and hosted on Digital Ocean