Nifty futures making the series of lower lows and lower highs suggesting us the down trend for next week, we have seen a very weak closing below 4800 in Friday. So our strategy for next week will be keep adding short positions in nifty futures till it trades below 4960 level on closing basis for targets as 4650 and 4580 levels in next week. On Monday we may see some bounce as US markets were up by ... [Continue Reading]
Nifty Futures has Strong Support at 4800 zone, Short covering Expected today, F&O Expiry of August Series this week
Short covering rally started in nifty futures yesterday and we are sure that this will continue till expiry of August F&O series we are sure that nifty futures will rally till 4996 levels in this week and also we expect sharp short covering in the front line stocks. Today nifty futures is trading above its strong support level of 4844 and we see that nifty is more likely to touch the higher ... [Continue Reading]
Nifty Futures Must Find Support near 4800 level and Consolidation is more Likely from These Levels, Sharp up move not Expected
Nifty futures was unable to break below the 4800 level, hence found strong support there and we are expecting some sharp pull back starting with short covering and profit booking, this rally must be irrespective of the global markets. The support level which nifty has touched last Friday indices has bounced off those level in intraday trading. Market participants mainly the FII are net sellers in ... [Continue Reading]
Trading Nifty Futures level on 13 July 2011 sell below 5568 for target 5528
Nifty futures yesterday didn’t manage to close above its strong resistance level of 5568. So we saw this selling pressure continuing and taking nifty futures to the lower levels of 5518 for intraday trading view. The mood of market participants is looking bearish especially the FII, as they have been selling continuously in equities. Also looking yesterday’s F&O open interest data we see that ... [Continue Reading]
Trading IIP Data Nifty Futures for 12 July 2011: sell below 5570 for Target 5508
Nifty futures is trading lower about 64 points, at 11:02 AM today. But the price action is suggesting some fresh selling just after the IIP number for MAY 2011 we saw very weak number from MAY IIP data. Soon the selling followed just after the release of IIP numbers. Also Nifty has broken the strong support of 5569 level and we are sure that selling is likely to follow and will be pulling the ... [Continue Reading]
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