Today nifty future has been weakening but we see a support level do exist near 5827 level, so our initial strategy for today is to sell nifty futures near 5990 level for intraday targets of 5827 and 5778. Nifty is trading below 5933 level we are going to see bears active and nifty must move to its next support of 5827. The trend will be negative today following the European markets. Nifty Future ... [Continue Reading]
Nifty Futures Support Resistance Level For 8-December 2010
Today nifty future has been weakening but we see a support level do exist near 5930 level, so our initial strategy for today is to buy nifty futures near 5935 level for intraday targets of 5972 and 5986. If nifty dont sustain above 5925 level then we are going to see bears active and markets will move to its next support of 5828. The trend will be mixed today following the european markets. Nifty ... [Continue Reading]
Nifty Futures Support Resistance Level For 6-December 2010
Last week the markets were uncertain, but today we saw a good breakout of 6054 levels of 18 November. Due to this breakout we have become very bullish on markets. So we will recommend you to see buying opportunity at every dip. If Nifty trades above 6055 level for more than 30 minutes we will be long at around 6060 level for intraday target of 6078 and 6096. The trend will be bullish (positive). ... [Continue Reading]
Buy Nifty 6000 Put Option Near 97 for December Series
After 4 days of gaining streak, we see profit booking is likely may be today, So Buy Nifty 6000 put near 97 for targets 119 and 138. Keep stoploss: near 81 level or exit this put option if Nifty futures trade above 6042 level. ... [Continue Reading]
Nifty Futures Support Resistance Level For 3-December 2010
Markets may witness profit booking after 4 day upside. We expect profit booking in nifty near 6027 levels today, however we are expecting volatile session today. Today's strategy should be to Sell Nifty Futures below 6027 level for intraday target of 6000 and 5988. The trend will be mixed to negative. Today's trading range is shown in the support resistance levels below. Nifty: Resistance: 6036 ... [Continue Reading]
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