After continuous buying, we saw nifty making series of higher high and higher lows all suggesting a strong uptrend. We have rallied from 5555 to 5900 in a very short period of time. Today Nifty futures is trading higher by 60 points, but still we will be trading cautiously as the technical indicators like RSI is loosing the momentum. This may be a chance to book profit for the long positions, also ... [Continue Reading]

After strong buying yesterday, we are expecting this rally to continue till 5760 level. Today Nifty futures is trading higher by 40 points, but still we will be trading cautiously as the 5756 level may act as strong resistance for today's trading (200 DMA on 4 Hour chart). We see some profit booking near this level. When we speak about Nifty futures, the break below 5756 level will bring some ... [Continue Reading]

Markets ended this week on sharp recovery in broader markets as Nifty and Sensex both managed to close above their psychological mark. When we talk about nifty futures, it managed to close above its crucial resistance of 5555, hence we saw 150 points bounce in nifty. So strong closing above 5555 level has now opened the way for 5700 area in near term. Also the range for nifty has shifted, its now ... [Continue Reading]

After strong buying yesterday, we have changed our sentiment from consolidation to bullish for near term. Today Nifty futures is trading in tight range, but still given a positive breakout targeting the 5600 level. We see this type of movement to continue for a week, before we see any resistance there. When we speak about Nifty futures, the break above 5555 level has already brought strong buying ... [Continue Reading]

Even though Nifty future is trading higher today, but it is still below its extreme resistance level of 5555, we will however remain bearish as long as nifty is trading below 5555 level (on closing basis). Risks are emerging as technical indicators are gaining the upward momentum from current levels. We will advice traders to stay short in today's market, unless nifty futures closes above 5555 ... [Continue Reading]