• 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 near term support at 5630 level, Buy on Dips

By Bhaveek Patel 6 Comments

Nifty future corrected from 5825 level and have been correcting for last 3 days. But still chart suggests, the trend is bullish and so we will still be on the long side of trade. Recent development has lead the risk-on rally in the global market, I believe this will be strengthening further as this is only a temporary pullback in an uptrend, which should be treated as an opportunity to buy into nifty future. I am more highly bullish on capital goods sector and other stocks like, ZEEL, MCDOWELL-N, etc.

Trading idea on Nifty Future: Buy nifty future only around 5630 level for a positional target as 5830, stop loss will be 5590 level. Risk reward ratio is greater than 1:2 here so, risk is less as compared to reward. Article published on 10-10-12.

You can also learn technical analysis just message us “JOIN TA” to +91-9970777789.

Share
Tweet
Pin
0 Shares

You Should Read This:

  1. Nifty future trade for Monday, Buy Nifty on dips Last Friday we saw major data released in India, it was GDP data. This data release was below market expectation and as a result we saw panic selling in their markets on last Friday. Last...
  2. Nifty Futures Has Near Term Support at 5160 level, Trade Long in Nifty Futures Near 5170 level Last two weeks for Nifty futures were good as it peaked at 5400 level, but as we know that markets are still in downtrend so we have seen selling coming at higher levels. Today Nifty...
  3. Nifty Futures Support Resistance Level For 28 January 2011 Nifty futures yesterday closed below 5628 level i.e below its strong support level. The selling pressure will continue till we see some short covering rally. As long as nifty futures is trading below 5628 levels...
  4. NSE Defty is Trading near Support, Bounce in Nifty Future Likely NSE Defty index (Dollar weighted index for NSE Nifty, so here nifty is moving lower as well as INR (Indian Rupee) is moving lower hence the portfolios of foreign investors (FII) are suffering much loss...
  5. Nifty future has trend line support at 5500, Buy Nifty future Nifty future has today seen a bounce while trading at a major support region. Today, we have seen front-line majors bouncing after the recent sell off, this may be an indication of coming relief rally...

Category: Nifty Tags: Buy on Dips/ Nifty Future/ Nifty Support

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. krish says

    i dont see any more upside near this month in the charts. macd is nosediving in daily basis

    Reply
    • Bhaveek Patel says

      In my view, nifty is in uptrend and so any pullback must be utilized as buying opportunity. This is reason, why I wont take any short sell trades on Nifty.

      Reply
      • krish says

        you are right sir!.

        Reply
  2. trader says

    Can I still buy nifty future.. I am also bullish on banks.

    Reply

Leave a Reply Cancel reply

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

Previous Post: NSE IEOD database Updated, Data from January 2012 in Amibroker Format
Next Post: Trend line A perfect analysis tool: Drawing Trendline Correctly

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 2025
  • 7 Ways to Boost Your Revenue
  • NYSE Penny Stocks List for 2025
  • 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 2025 Should you buy?
  • BSE Penny Stocks List 2025

Popular Categories

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

About Us | Contact Us | Privacy Policy | Disclaimer


Copyright © 2009 - 2025 OurNifty.com Trading ideas published here cannot be reproduced without permission from the author.
OurNifty is Powered by Wordpress and hosted on Digital Ocean