After strong selling on last Friday, we have changed our sentiment from consolidation to bearish. Today Nifty futures is trading in tight range, before any further up move. We see this type of movement to continue for a week, before we see any breakout in either direction. When we speak about Nifty futures, the break below 5400 level will be treated strictly with strong selling by the market ... [Continue Reading]

Markets failed to close above the comfort zone of 5555. This failure has already resulted in intense selling in the broader markets, Also the interest rate hike and the Japanese earthquake crisis fueled index to close lower, which brought Nifty below 5400 level last Friday. However, closing below 5400 in March 2011, continuing its down trend. Also on downside Nifty has potential to approach 5200 ... [Continue Reading]

Nifty futures is trading in tight range, consolidating before any further up move. We see this consolidation to continue for a week, before we see any breakout in either direction. When we speak about Nifty futures, the break above 5555 level will be keenly watched by the market participants. This is something that will bring the up trend confirmation in the markets. On the downside we look for ... [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). Downside risk are emerging as technical indicators are loosing the momentum from current levels. We will advice traders to stay short in today's market, unless nifty futures closes above 5555 ... [Continue Reading]

Nifty futures is facing strong resistance at 5555 and is trading down by more than 150 points today. The major selling came from the global cues in japan, as Nikkie 225 fell by more than 14% today, due to fire in nuclear reactor number 4. We will advice traders to trade short for today as selling pressure can be seen near 5555 level in nifty futures targeting 5400 area today. Markets are in ... [Continue Reading]