Nifty futures is trading near its strong resistance level of 5180, we are expecting some major selling in this area, this selling should pull nifty futures down to 5070 level and then 5000 level. So traders should take this resistance level as selling zone, and fresh short positions should be initiated right near 5170 level in nifty futures. This positions can also be taken by going long on Nifty ... [Continue Reading]
Nifty Futures Has to Consolidate in Next Week Starting 16 August 2011, Risk Traders can Buy Nifty 5100 Put Option
Nifty Futures has been continuously weakening, on charts we have seen the series of lower high and lower lows. So we are in a very clear down trend, also we know that traders should trade in the direction of the trend. Last week we have seen the markets correcting significantly, as global markets followed the down trend. We are looking for selling opportunities as long as nifty futures is trading ... [Continue Reading]
Nifty Futures Down Trade Nifty 5100 Put Option for August series, Buy Nifty 5100 Put with Target 127
Nifty futures is in downtrend and is more likely to be bearish and so we will be looking for only selling opportunities as long as nifty futures is trading below the 5200 level on 2 days closing basis. So taking the advantage of this down trend we recommend traders to go short in nifty futures near 5170 level or one can accumulate the Nifty 5100 put options and hold it for near term target as 127 ... [Continue Reading]