Nifty future has finally found support at 5750 level, forming double bottom. We have now changed our view from bearish to consolidation in short term. We will now look for buying opportunity near 5850 levels for short term target of 5995, at higher levels we are going to face resistance at 5996 level, which is strong resistance. Once we cross this resistance we will witness short covering rally ... [Continue Reading]

Nifty future has finally found support at 5750 level, forming double bottom. We have now changed our view from bearish to consolidation in short term. We will now look for buying opportunity near 5850 levels for short term target of 5995, at higher levels we are going to face resistance at 5996 level, which is strong resistance. Once we cross this resistance we will witness short covering rally ... [Continue Reading]

Nifty futures has been weakening but we see a support level do exist near 5827 level, so our initial strategy for today is to sell nifty futures near 5966 level for intraday targets of 5817 and 5801. Nifty is trading below 5868 level we are going to see bears active and markets will move to its next support of 5817. The trend will be negative today following the European markets. Nifty Future ... [Continue Reading]

Today Nifty future has witness support at 5750 level, hence a sharp recovery was seen, but this does not change our outlook as we are still bearish and will look for selling opportunities. So on can sell nifty futures near 5840 level for intraday targets of 5820 and 5805. Nifty Future trading range will be wide, as shown in the support resistance levels. Nifty: Resistance: 5865 / 5888 Support: ... [Continue Reading]