After strong buying yesterday, we have changed our sentiment from consolidation to bullish for near term. Today Nifty futures is trading in tight range, but still given a positive breakout targeting the 5600 level. We see this type of movement to continue for a week, before we see any resistance there. When we speak about Nifty futures, the break above 5555 level has already brought strong buying ... [Continue Reading]

Even though Nifty future is trading higher today, but it is still below its extreme resistance level of 5555, we will however remain bearish as long as nifty is trading below 5555 level (on closing basis). Risks are emerging as technical indicators are gaining the upward momentum from current levels. We will advice traders to stay short in today's market, unless nifty futures closes above 5555 ... [Continue Reading]

After strong selling on last Friday, we have changed our sentiment from consolidation to bearish. Today Nifty futures is trading in tight range, before any further up move. We see this type of movement to continue for a week, before we see any breakout in either direction. When we speak about Nifty futures, the break below 5400 level will be treated strictly with strong selling by the market ... [Continue Reading]

Markets failed to close above the comfort zone of 5555. This failure has already resulted in intense selling in the broader markets, Also the interest rate hike and the Japanese earthquake crisis fueled index to close lower, which brought Nifty below 5400 level last Friday. However, closing below 5400 in March 2011, continuing its down trend. Also on downside Nifty has potential to approach 5200 ... [Continue Reading]