Nifty futures saw a positive start but soon after the RBI policy it is trading at days low near 5749 level, As long as nifty is trading above 5744 levels we will be long on nifty futures with intraday target of 5788 and 5800 level. Also we will trade with stop loss of 5739. So we will look for the buying opportunity as long as nifty holds the 5744 level level for near term target of 5788 and 5800 ... [Continue Reading]

As we saw Nifty trading in tight range throughout the week, we can even call it consolidation, we are now seeing that this consolidation cannot be ruled out to more extend. So a short covering rally is expected targeting 5850 levels. When we talk about nifty futures we are more likely to bounce back to 5850 levels. Technically nifty is having strong resistance at 5744 level. Support at 5615 and ... [Continue Reading]

Nifty future is now in consolidation before any breakout, we are however bearish as long as nifty is trading below 5744 level. Downside risk is now limited and is upto 5615 level. If nifty is able to sustain above 5744 level for 2 days then we will see a short covering rally towards 5850 level. For intraday trading we recommend to look for buying opportunity near 5615 level for intraday targets of ... [Continue Reading]

Nifty futures saw a negative breakdown of 5700 level last Friday, heading towards 5631 level. We now have negative outlook in nifty, we see we can correct towards 5515 level or even 5466 level. The major negative news in markets are growing inflation, surging crude oil prices, this will create pressure in interest rates in near term. So we will look for the selling opportunity near 5666 level for ... [Continue Reading]

Nifty futures saw a negative breakdown of 5700 level, heading towards 5631 level. We now have negative outlook in nifty, we see we can correct towards 5515 level or even 5466 level. The major negative news in markets are growing inflation, surging crude oil prices, this will create pressure in interest rates in near term. So we will look for the selling opportunity near 5678 level for near term ... [Continue Reading]