Yesterday Nifty futures didn't manage to close above 5555 level (strong support) hence we may see some profit booking. open interest data shows that some short covering and fresh long build up seen in nifty futures march series. We will advice traders to trade long for today as buying support can be seen near 5555 level in nifty futures targeting 5585 area today. Markets are in mixed mood and may ... [Continue Reading]

Nifty future is now consolidating after touching 5555 level on Tuesday, we are however bullish as long as nifty is trading above 5005 level. Downside and upside risk are same from current levels. We will advice traders to stay long in this market, as risk appetite is now inching higher. If nifty is able to break above 5555 level and close above it for two days continuously then we will see a huge ... [Continue Reading]

Yesterday Nifty futures seen much large swings in intraday basis, open interest data shows that some short covering and fresh long build up seen in nifty futures march series. We will advice traders to go long for today as buying support can be seen near 5435 level in nifty futures targeting 5500 area today. Markets are in consolidation phase and may witness some fresh buying in today's session. ... [Continue Reading]

On the expiry of February series some fresh short buildup seen in Nifty futures and is still targeting the 5200 area in near term. Markets are in bearish mood and will witness fresh selling pressure in coming days, before any up-move, however a strong resistance now do exists at 5348 level which is still acting as potential down side risk, as FII and EM funds are busy in continuing outflow in ... [Continue Reading]

After some short covering Nifty futures is still resuming its downtrend targeting towards 5400 levels on Monday. Markets are still mixed to bearish and will see consolidation before any upmove, however a strong resistance do exists at 5500 level which is still acting as potential downtrend, as FII are continuing their selling mood in this market. The markets are likely to witness more selling ... [Continue Reading]