Nifty futures is trading in range of 5600 and 5400 for the long time. We are expecting a positive breakout above the higher level of the range for initial target of 5691 level. For intraday traders we will advice them to trade short for today as the nifty is weakening in the lower time frame charts like 15 minutes. Also on every up move we are expecting some fresh selling in this index. So for ... [Continue Reading]
Forex: EUR/USD Has 1.49 Level Target For Next Week 6 June 2011
EURUSD has already recovered 600 pips from its recent low and more recovery is likely to continue in coming week. EUR/USD was very strong after the breakout above the 1.45 level, after the weakening of USD due to weak NFP data released yesterday. So we are expecting this up move on EUR/USD to continue upto its next resistance of 1.49, which is our initial target level on daily chart. So we will be ... [Continue Reading]
Nifty Futures June Target Level for Next Week 6 June 2011
Indian markets closed the week on some good recovery, but still this was not strong enough to hold nifty above its resistance level of 5569. So we are again back in the consolidation expecting the breakout in the coming sessions. However our strategy for next week will be to enter long only if nifty manages to close above the 5571 mark continuously for 2 trading sessions. The targets for long ... [Continue Reading]
Intraday Stock Trading For 3 June 2011: Sell SUNTV At 290, Target 280
Bearish Stock for intraday trading: Sell SUNTV @ 290 for target 280 and 275 place protective stop loss at 295 At CMP of 290 it is trading positive by more than 6%, but we are expecting yesterdays sell off the stock has entered the strong down trend and is more likely to be bearish today, So it seems to attract more sellers on every up move in this stock. The volume was also very high with The ... [Continue Reading]
Nifty Futures Trading Target Level For 3 June 2011, Buy above 5574
Nifty futures has sown the sign of the reversal in its downtrend we are now expecting the upside form the current levels targeting the 5690 level in near term. However we will advice traders to add long position on every down move. We are going to see more buying from the current levels which will push the markets towards the 5690 level of past. So the current trend is up ward and taking the ... [Continue Reading]
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