Nifty futures is trading higher about 13 points, at 10:50 AM today. But the price action is suggesting some profit booking is likely in this market scenario as price action is below the 50% retracement, which is acting as the strong resistance level and we see that it will be difficult for the market to break above that level in near term. So we will be looking for selling near the 5679 level for ... [Continue Reading]

Today at 10:50 AM Nifty futures is trading higher about 15 points. But we see the price action is suggesting some profit booking as we have approached the 50% retracement, which is currently the resistance level and we see that it will be difficult for the market to break above that level in near term. So we will be looking for selling near the 5685 level for target of 5595 and 5575 levels, it is ... [Continue Reading]

Nifty futures has given the downside breakout and this is signal for continuation of down trend. We see that markets has broken all the major supports and is now heading towards the last support of 5050 level. Also the intraday resistance is now at 5328 and 5353 levels. So the downtrend must continue till the next support level is reached, we are expecting heavy selling in the coming sessions. As ... [Continue Reading]

Nifty futures has given the downside breakout and this is signal for continuation of down trend. We see that markets has broken all the major supports and is now heading towards the last support of 5050 level. Also the intraday resistance is now at 5330 and 5351 levels. So the downtrend must continue till the next support level is reached, we are expecting heavy selling in the coming sessions. For ... [Continue Reading]

Nifty futures seen deep correction in the early hour of trade, the panic selling came from the major market participants, as there was some talks going on for the Mauritius DTTA, we also saw the huge selling in the stocks like GTL and the GLTINFRA, as it is said that these companies has about 11% of holding from the Mauritian company technology infra. Today's correction has warned us about the ... [Continue Reading]