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Nifty future will move higher due to better Inflation numbers, Buy on Dips

By Bhaveek Patel Leave a Comment

Inflation has direct impact on the many sectors, like banking, Automobiles, Real estate, etc. This time WPI inflation has cooled down a bit, but poor monsoon in many parts of country still remains concern (negative) for our economy. I am positive on markets now as inflation came down, also I see banking sector to outperform nifty future in coming weeks. I also see IT sector has rallied much, from IT space I am bullish on TCS and on Infosys, trading strategy still remains buy on dips. On Nifty future charts I see creation of higher tops and higher bottoms, narrating me of clear uptrend. As I am trend trader I will be looking for only buying opportunities on every dips that’s my trading style.

Global markets are also looking both American and German markets were trending higher as seen on charts, so if global markets are having high liquidity then even our market will follow them and move higher.

Trading level for Nifty future: Buy Nifty future above 5365 level, for target 5415 and then 5505 level, stop loss will be very small for this trade and must be placed below 5335 level.  I will use technical indicator such as slow stochastic indicator for taking entries into the trade. If you are interested in partnering with us for seminars on technical analysis, call +91-9970777789.

For last few weeks I was unable to come up with daily articles, as I am enjoying 20 days holidays at Gujarat and Rajasthan. 😀 I have returned today, be ready to read articles daily from now. Article published on 16 August 2012.

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Category: Nifty Tags: Buy on Dips/ Inflation Number/ 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.

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