Trading in very volatile market environment may not be suitable for all traders, as risk of hitting stop loss in maximum here. Anyways I am going to teach you how to trade in such scenario. You will need to have intraday chart of nifty future and then just apply RSI indicator with default setting as 14 periods there. Look at (Study) the market movement, simple observations will let you know ... [Continue Reading]
Nifty Future Price vs Trading Volume, Downside Still Open
Nifty future on charts clearly shows an uptrend, however we are not satisfied with volumes. There is always correlation of price action with trading volume, as nifty future price increases volume must also increase accordingly. But this time nifty future is rising and volumes are declining, this is early hint that markets are going to see some downside. Volume often represents confidence, if ... [Continue Reading]
Short Term Trading Nifty Future Using Fibonacci Retracement Level
Fibonacci retracement level is actually combination of ratios of numbers of Fibonacci series. These ratios are used as support resistance in stocks and other financial markets, most of traders look these level for placing their entry orders also it is used to place stop loss for trade. So overall Fibonacci retracement in very important or I say must have tool for trading. Now I will demonstrate on ... [Continue Reading]
How RSI can be used to Find Trend in Nifty Future Medium Term
RSI is a mechanical indicator used in technical analysis; this indicator can be used to find whether stock is overbought or oversold. Along with this RSI has a very special purpose, it can find out medium term trend in stocks or Nifty. How that I will show you, now in RSI we have to important levels 30 level which is oversold region and another 70 level considered as overbought region. Whenever ... [Continue Reading]
Industrial Output Slows Down, How to Trade Nifty Future for Intraday
IIP data has been released today; we have been surprised by the data that was announced. We have seen contraction in industrial production for previous month. Market’s reaction was also in form of huge selling in stock like L&T, BHEL, SBIN, ICICI Bank, Reliance, Tata Steel, Tata Motors and many others, hence pulling nifty future to make new 52 week low. If we look at nifty future then there we ... [Continue Reading]
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