• 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

Nifty Future has resistance at 5640 level, Short sell Nifty

By Bhaveek Patel Leave a Comment

Nifty future traded higher last week, as it went from 5230 to 5645. But on daily chart level of 5640 is a resistance, and I believe it will hold nifty future sometime here before next up-move is seen. So I am going against the trend this time to play support resistance trade on nifty future, I would be looking to go short on nifty future around 5615 level, for targets as 5555 and then 5525. Stop loss will be placed at 5655.

Nifty daily chart resistance

Be careful while short selling, as Risk-on sentiment has resumed in the market and it seems like it is going to gain strength further. But some pullback must be on the way before fresh high is created. So this is just 1 or 2 days view, keep in mind that short and medium term trend in still up. Article published on 18 Sept 2012.

We are conducting Technical Analysis Seminars in Pune and Mumbai, If you are potential partner then do call us on +91-9970777789. You can like our page on Facebook.

Share6
Tweet
Pin
6 Shares

You Should Read This:

  1. Buy Nifty 5300 Call Option, Nifty Future Found Support at 5200 Level Nifty future was seen trading near 5200 level, on charts this level is very strong support, also bank nifty future was trading at is very strong support of 10000 level. Both of these major indices...
  2. NIfty Future Chart Shows 5400 as Key Resistance Level, Short Sell Nifty Future Nifty future has rallied from 4550 level to current 5370, being an 800 points positive move straightway. But for now key resistance for nifty spot lies at 5400 level. Moreover nifty 5400 call option has...
  3. Nifty Future May Find Resistance at 4800 level January Series, Short Sell Near 4800 Level Nifty future is in Downtrend and so traders should only look for selling opportunities on every bounce. On charts we have seen that Nifty future has some resistance near 4800 level, as 23.6% Fibonacci retracement...
  4. Nifty Future Major Resistance at 5000 level, Short Selling opportunity in Nifty Futures December Series An increase in US Dollar liquidity by group of major Central Banks, has given very good surprise by reducing over night swap rates of USD by 50 bps. This has led all the stock markets...
  5. Nifty Future Charts Hints Correction Towards 4900 Level, Short sell Nifty Future Target 4900 Nifty future daily chart is opening another solid selling opportunity, on nifty future chart we see a declining trend line is acting as resistance for price action. Moreover 200 SMA is around 5190 level hence...

Category: Nifty Tags: Daily Chart/ Nifty Future/ Short Sell/ Strong Resistance

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.

Leave a Reply Cancel reply

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

Previous Post: Euro against US Dollar is in uptrend for medium term, Buy on Decline
Next Post: How To Maintain a Trade Diary, Journey to Trading Career

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