Nifty future on daily chart was seen testing the all time high level of 6333 many times, but every time it was rejected from that area. This gives us an idea that, market participants are not seeing fresh all time high any time soon. So we have seen, selling at those higher levels in nifty as well as in bank nifty futures. Banking and real estate stocks were the major dragsters in this sell off. ... [Continue Reading]
DLF is in Down Trend Since Recession of 2008, Trading Strategy is to Short Sell on Every Bounce
DLF Ltd. is the largest real estate developer in India. But since the sub-prime loan crisis in the western countries DLF has moved to its lowest level in November 2009. DLF stock on NSE is still trading with bearish bias and we see that it is taking the resistance at the 100 EMA, Since the price action is close to that resistance level we are expecting the selling coming in the DLF stock. We ... [Continue Reading]
IT Stock in News: HCL Technologies Has Been Underperformer in Bear Market
HCL Technologies Ltd. is one of the leading software solutions provider, with the enterprise value of more than $5.5 billion. The company has always posted decent result since its listing in 6 January 2000 on NSE. The chart study of HCLTECH suggest that there is immediate support at the 455 level and we are expecting a bounce from that support zone, the 200SMA is acting as support for this stock ... [Continue Reading]
Nifty Future is in downtrend, How to Short Sell on Every Bounce
Looking at the charts, we see nifty is making series of lower tops and lower bottom, hence downtrend is still valid. Being a trend chasing trader we will be looking every pullback as selling opportunity on nifty future. Every pullback will give us new short sell entry on Nifty future; this entry can be timed with the help of indicators like RSI, MACD, CCI or Slow Stochastic. In our case we will be ... [Continue Reading]
Nifty Options Strategy for Falling Markets down Trend
When markets are in down trend, you can still make large amount of money by trading nifty options. Here is an example for you, when markets are in downtrend you should always wait for pullback to enter short position, buy in this case we will buy nifty put option. Nifty put options gain when market goes down, so if you buy nifty put option when market is in downtrend you will be able to gain from ... [Continue Reading]