Nifty futures is trading in tight range, consolidating before any further up move. We see this consolidation to continue for a week, before we see any breakout in either direction. When we speak about Nifty futures, the break above 5555 level will be keenly watched by the market participants. This is something that will bring the up trend confirmation in the markets. On the downside we look for ... [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). Downside risk are emerging as technical indicators are loosing the momentum from current levels. We will advice traders to stay short in today's market, unless nifty futures closes above 5555 ... [Continue Reading]

Nifty futures is facing strong resistance at 5555 and is trading down by more than 150 points today. The major selling came from the global cues in japan, as Nikkie 225 fell by more than 14% today, due to fire in nuclear reactor number 4. We will advice traders to trade short for today as selling pressure can be seen near 5555 level in nifty futures targeting 5400 area today. Markets are in ... [Continue Reading]

Markets failed to close above the comfort zone of 5555. This failure will result in intense selling in the broader markets. However, Nifty close below 5500 level, closing below 5500 in March 2011, continuing its down trend. On last Friday Nifty didn't managed to close above its resistance of 5555 level which can still act as resistance for the up trend in short term. Also on downside if Nifty ... [Continue Reading]