After the long consolidation in the markets we are now looking for fresh rally towards the 5700 levels as the markets are now now heading upward. However we are still expecting some minor selling from current levels, also this selling will be very good opportunity for short term buying in the frontline stocks. Once the Nifty breaks above the 5571 level and closes above it for continuously 2 ... [Continue Reading]
Nifty Futures Support Resistance Level For 25 May 2011, Sell below 5365, For Target 5333
Selling from all sides has pulled the markets from 5900 levels to the current 5350 levels. However we are still expecting this trend to continue targeting 5150 levels soon. We will be looking for only selling opportunities as long as nifty is trading below 5558 level. Today Nifty futures is trading lower by 36 points, but still we will be trading short in this market scenario as the technical ... [Continue Reading]
Nifty Futures Support Resistance Level For 23 May 2011, Sell below 5413, For Target 5272
Nifty futures continuing its downtrend falling from 5900 to 5414 levels last Friday. We are looking for selling opportunities only on every up move from here. Also markets are likely to stay highly volatility due to F&O expiry this week. However we will advice traders to build short position on every up move. We are going to see more selling from the current levels which will pull the markets ... [Continue Reading]
Nifty Futures Trading Target Level For 19 May 2011, Sell below 5416
Nifty futures continuing its downtrend falling from 5900 to 5414 levels yesterday. We are looking for selling opportunities only on every up move from here. Also markets are likely to heavily consolidate, due to high volatility in commodity prices recently. However we will advice traders to build short position on every up move. We are going to see more selling from the current levels which will ... [Continue Reading]
Nifty Futures Support Resistance Level For 17 May 2011, Sell below 5515, For Target 5442
Nifty futures has changed the near term trading outlook from bullish to bearish after falling to 5444 levels on 5 May 2011. Since then we are looking for selling opportunities only on every up move. Also markets are likely to heavily consolidate, due to high volatility in commodity prices. However we will advice traders to build short position on every up move. We are going to see more selling ... [Continue Reading]
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