Nifty future last week bounced from very good support level, but this bounce was a technical bounce and fundamentals had not changed at all. I am still of the view that nifty will be add some selling pressure around 4960 levels as level being strong resistance here. In the below chart the retracement of November 2010 high to low of December 2012, 23.6% level falls at 4967. Also retracement from ... [Continue Reading]
Nifty Futures follows its last week trend, Trading down by about 130 points, We advice trade short in Nifty Future
Nifty futures continues its last week trend, today its again down by about 130 points this is more than 2% fall, Even the Asian markets are trading lower today. The closing that we have seen in last week advices us that it is now possible nifty futures to touch 4850 level in coming months. For intraday trading we will be looking for selling nifty on every short covering coming in the markets as ... [Continue Reading]