Nifty future has corrected by 1.25% today, I am seeing buying at lower levels on intraday charts of nifty future. I think Nifty is forming some base for intraday bounce around 4855 zone, so I suggest traders to go long on nifty future around 4855 zone for intraday gain of 25 points and stop loss of 15 points. Indian Rupee is also looking stable on charts, this would help nifty future to move ... [Continue Reading]
Nifty Future a buying opportunity for Intraday Trading
Nifty future intraday chart shows nifty future is more likely to bounce for intraday trading, so I would suggest traders to look at 4945 level for long entries with 20 points gain in this trade hence targets will be 4965 level. Stop loss also 20 points i.e at 4925 zone. Here Risk-Reward-Ratio is 1:1 and I wont be taking this trade today, as I will be busy with some other work. On 15 min charts ... [Continue Reading]
How to Analyse Nifty Future Charts in Live Markets
Intraday trading is not always suitable to make profit, but if you know basics of support resistance and Fibonacci retracement you can make daily profit from intraday trading. Now you will need an intraday chart that you can see on your online trading platform, just open intraday chart and you are done. Now I will teach you some basic rules of support resistance: 1. When support breaks it becomes ... [Continue Reading]