Nifty futures was trading in range for previous 2 sessions after 6 days of straight correction. But nifty still above 5700 mark is a relief for markets. So we can conclude that a consolidation period will continue for few session before a bounce back to 5950 levels. So as long as nifty is trading above 5700 level we see limited downside upto 5700 with upside potential target of 5950 level. So we ... [Continue Reading]

Nifty futures was trading with consolidation moves for last 2 sessions after 6 days of correction. But nifty finally closing above 5800 mark yesterday is a good sign. So we can conclude that a consolidation period will continue for few session before a bounce back to 5950 levels. So as long as nifty is trading above 5744 level we see limited downside with upside potential target of 5950 level. So ... [Continue Reading]

Nifty futures was trading lower for last 6 sessions due to negative news of inflation and fear of interest rate hike in near term by RBI. But yesterday nifty finally taking its support at key level of 5700, finally closing above 5800 mark yesterday. So we can conclude that a consolidation period will continue for few session before a bounce back to 5900 levels. So as long as nifty is trading above ... [Continue Reading]

Nifty futures has been trading lower for last 5 sessions due to negative news of inflation and fear of interest rate hike in near term by RBI. We saw yesterday nifty touching its double bottom of 5744 level which acts as a strong support level. So as long as nifty is trading above 5744 level we see limited downside with upside potential target of 5989 level. So we would we look for buying ... [Continue Reading]