Nifty future has rallied from 4550 level to current 5370, being an 800 points positive move straightway. But for now key resistance for nifty spot lies at 5400 level. Moreover nifty 5400 call option has highest open interest hence limiting nifty future current uptrend to 5400 level. Trade setup using this information, will be to go short on nifty future around 5380 level for positional targets as ... [Continue Reading]
RELIANCE Stock for Short Term Trading: Short Sell Reliance Ind November Futures at 885 for Target 863
Reliance industries for short term trading: Reliance industries didn't perform well in last 1.5 years as it was struck in range, a negative breakout on the stock below 888 was confirmed on 17 June 2011 since then the stock has entered bearish zone and every pullback was considered as selling opportunity. We have discovered a trade setup on weekly chart that stock was facing some resistance near ... [Continue Reading]