Nifty future was seen trading near 5200 level, on charts this level is very strong support, also bank nifty future was trading at is very strong support of 10000 level. Both of these major indices are suggesting that market will be shooting higher in next few trading session. On weekly charts markets are already in uptrend and fall from 5600 to 5200 is just a correction in bull market now this ... [Continue Reading]
NIfty Future Chart Shows 5400 as Key Resistance Level, Short Sell Nifty Future
Nifty future has rallied from 4550 level to current 5370, being an 800 points positive move straightway. But for now key resistance for nifty spot lies at 5400 level. Moreover nifty 5400 call option has highest open interest hence limiting nifty future current uptrend to 5400 level. Trade setup using this information, will be to go short on nifty future around 5380 level for positional targets as ... [Continue Reading]
Nifty Futures Has Near Term Support at 5160 level, Trade Long in Nifty Futures Near 5170 level
Last two weeks for Nifty futures were good as it peaked at 5400 level, but as we know that markets are still in downtrend so we have seen selling coming at higher levels. Today Nifty futures approached its strong support of 5170 (earlier strong resistance) level. So we are of the view that bounce must be ahead and some small consolidation in today's session must be seen, so traders can take and ... [Continue Reading]
Nifty Futures Faces Strong Resistance at 5170 Level Yesterday, Todays Nifty Futures Target is 5100
Nifty futures was unable to break above the 5170 level yesterday and hence we have seen good amount of selling in nifty futures September series today. Since the 5170 level was a strong resistance level for now. We are expecting nifty futures to target the 5100 level and then 5056 level. Also the global markets has started to weaken yesterday just after the ECB (European Central Bank) has kept its ... [Continue Reading]
Nifty Futures Firmly Trading Below 4966 Level Today, Fresh Short Selling Seen in Nifty Futures, Todays Strategy: Sell on Bounce
Nifty futures was trading in negative zone today, at 11:30 AM today it was down by 49 points. Our today's trading strategy will be to search for short selling opportunities as nifty futures is trading below its strong support of 4966 level now. Yesterday the European markets saw huge sell off, we have seen Germany's DAX index was trading down by more than 5%, also most of the Asian and European ... [Continue Reading]