If you look at previous range then it was 5200 and 5400, on breaking above 5400 our immediate upside target will be 5600 level. Long positions were added on breaking and successfully closing above 5400 resistance. We were optimistic this time as momentum continued and increased liquidity is returning into equity markets, moreover technical traders are also bullish as nifty future has managed to ... [Continue Reading]
Nifty Future will Change its Trend only if it closes Above 5400 level
Nifty future have rallied from 4550 to 5350 level this 800 point bounce is still of doubt for us, on charts nifty future will change its trend only on closing above 5400 for at least 2 days. Then only we will look for buying opportunities, as this down trend will change into uptrend on breaking and closing above 5400 level. We have also seen a trend line on weekly chart acting as resistance, so ... [Continue Reading]
Technical Analysis on Nifty Future for April F&O Series
Nifty future seems to have closed above 5400 an important level, all the bear traders have almost vanished from markets and fresh long positions are added on Nifty future April series. Traders are looking for buying opportunities ahead of interim budget announcement; current sentiment in market still remains Risk-On type. Defensive stocks are now underperforming most of high beta sectors like ... [Continue Reading]
Medium Term Important Level in Nifty Future to Patiently Watch
Nifty future at 5400 level is a wait and watch kind of game, as it is important level for medium term. Markets may pause for few days before giving exact move, so in this scenario traders must patiently wait and watch. However I would suggest traders to be stock specific at this point, they may buy some of defensive counters like ITC, Sunpharma, Hindunilvr. Traders having positions in F&O ... [Continue Reading]
Nifty Future has Downside Target of 5200 in Medium Term Trading
A new uptrend already has started in nifty future and now strategy for nifty future traders is to look for buying signals on slow stochastic indicator. Markets have extended their early gains and now traders are waiting for a correction to re-enter market. This correction is being predicted by traders across country, now only we can wait and watch nifty future for now, or just buy some small ... [Continue Reading]
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