Nifty future is still trading below its crucial level of 5500, we are however bearish as long as nifty is trading below 5500 level. Downside risk are emerging as technical indicators are loosing the momentum from current levels. We will advice traders to stay short in this market, unless nifty futures closes above 5500 level. If nifty is able to break above 5555 level and close above it for two ... [Continue Reading]

Nifty futures is facing strong resistance at 5555. Open interest data shows that some fresh short build up seen in nifty futures march series. We will advice traders to trade short for today as selling pressure can be seen near 5555 level in nifty futures targeting 5500 zone, before any up move. Markets are in mixed mood and may witness some fresh selling in today's session or some short covering. ... [Continue Reading]

Nifty future is now consolidating after touching 5600 level on Wednesday, we are however bearish as long as nifty is trading below 5555 level. Downside and upside risk are equal at current levels. We will advice traders to stay short in this market, unless nifty futures closes above 5600 level. If nifty is able to break above 5555 level and close above it for two days continuously then we will see ... [Continue Reading]

The month of March 2011 is good for the markets as we saw Nifty bouncing back from the lower levels of 5350. closing for the first time above 5350 in March 2011, discontinuing its down trend. On last Friday Nifty didn't managed to close above its resistance of 5555 level which can still act as resistance for the up trend in short term. If Nifty futures trades above 5555 for 2 sessions continuously ... [Continue Reading]

Yesterday Nifty futures didn't manage to close above 5555 level (strong support) hence we may see some profit booking. open interest data shows that some short covering and fresh long build up seen in nifty futures march series. We will advice traders to trade long for today as buying support can be seen near 5555 level in nifty futures targeting 5585 area today. Markets are in mixed mood and may ... [Continue Reading]