Nifty future is trading in 5700 - 5950 range for last 22 sessions, suggesting the consolidation, as consolidation cannot be ruled out for a longer period of time, we see the breakout in either side of the current range. Also keeping interest rate in decision by RBI today in mind, we will however advice traders to stay cautious. At CMP we will however remain bullish as long as nifty is trading ... [Continue Reading]

Nifty future is trading in 5700 - 5950 range for last 20 sessions, suggesting the consolidation, as consolidation cannot be ruled out for a longer period, we see the breakout in either side of the current range. At CMP we will however remain bearish as long as nifty is trading below 5795 level (on closing basis). Technical indicators are showing negative momentum from current levels. We will ... [Continue Reading]

Nifty future is trading weak today, ie trading down about 22 points. At current level nifty is still trading below its strong resistance level of 5888, we will however remain bearish as long as nifty is trading below 5888 level (on closing basis). Technical indicators are showing mixed momentum from current levels. We will advice traders to remain short in nifty in today's market, unless nifty ... [Continue Reading]

Nifty futures has faced strong resistance at 5900 level and is trading below this crucial level today. The major selling came from the FII and retail investors. We will advice traders to trade short for today as major selling can be seen near 5807 level in nifty futures targeting 5753 area today. Markets are in consolidation mood and is likely to witness some mixed movement in todays session. I ... [Continue Reading]