Today at 10:35 AM Nifty futures is trading higher about 60 points or 1.7%. But we see the price action is still below the major resistance zone suggesting that there is still some downside and we are sure that nifty futures will find the resistance at these (5415) level. So once nifty reach near 5415 level one can go short on nifty futures for the target of 5350 5323 levels also placing the stop ... [Continue Reading]
Nifty Futures Support Resistance Level For 23 June 2011, Sell below 5328, For Target 5255
Nifty futures has given the downside breakout and this is signal for continuation of down trend. We see that markets has broken all the major supports and is now heading towards the last support of 5050 level. Also the intraday resistance is now at 5328 and 5353 levels. So the downtrend must continue till the next support level is reached, we are expecting heavy selling in the coming sessions. As ... [Continue Reading]
Nifty Futures Support Resistance Level For 21 June 2011: Sell below 5330 For Target 5205
Nifty futures has given the downside breakout and this is signal for continuation of down trend. We see that markets has broken all the major supports and is now heading towards the last support of 5050 level. Also the intraday resistance is now at 5330 and 5351 levels. So the downtrend must continue till the next support level is reached, we are expecting heavy selling in the coming sessions. For ... [Continue Reading]
Nifty Futures Support Resistance Level For 20 June 2011, Sell below 5301, For Target 5257
Nifty futures seen deep correction in the early hour of trade, the panic selling came from the major market participants, as there was some talks going on for the Mauritius DTTA, we also saw the huge selling in the stocks like GTL and the GLTINFRA, as it is said that these companies has about 11% of holding from the Mauritian company technology infra. Today's correction has warned us about the ... [Continue Reading]
Nifty Futures Intraday Support Resistance Level For 16 June 2011, Sell below 5405 Target 5338
Nifty futures again didn't manage to close above its strong resistance level of 5569. So we saw this selling pressure continuing and taking nifty futures to the lower levels of 5400. The mood of market participants is looking bearish especially the FII, as they have been selling continuously in equities. For intraday traders we will advice them to enter short positions only below 5405 level for ... [Continue Reading]
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