Nifty future involves more risk as compared to nifty option (call put), most of the traders as attracted towards nifty options. If you apply technical analysis on nifty options then it won’t work, support and resistance may go wrong. So instead of performing analysis on nifty option trader must look at nifty future, then depending on the analysis and risk traders can choose to go with nifty call ... [Continue Reading]
Nifty future has formed double top pattern last week, Expect reversal
On daily charts we have seen that nifty future has formed a double top pattern (A kind of short term reversal pattern), we are of view that nifty future is more likely to see a reversal in trend. If you go through recent fundamental changes, there are also signalling the change in short term trend, like inflation has gone below 7% now, IIP data has come above 6% and is much in line to estimates by ... [Continue Reading]