After some short covering Nifty futures extended towards 5490 levels on Wednesday. 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 pressure as long as nifty is ... [Continue Reading]

Today Nifty futures will see some short covering rally, however a stiff resistance do exists at 5353 level which is still acting as potential downtrend, as FII are continuing being sellers in this market. The markets are likely to witness more selling pressure as long as nifty is trading below 5353 level. I will be looking for selling opportunities as as long as nifty futures is trading below 5353 ... [Continue Reading]

Nifty futures is continuing its downtrend, as FII are still net sellers in the markets. The markets are likely to witness more selling pressure as long as nifty is trading below 5252 level. I will be looking for selling opportunities as as long as nifty futures is trading below 5252 level on intraday basis. Keeping bearish outlook for today, so short nifty below 5252 for intraday target of 5202 ... [Continue Reading]

Nifty futures is continuing its downtrend, as FII are still net sellers. The markets are likely to witness selling pressure as long as nifty is trading below 5353 level. I will be looking for selling opportunities as as long as nifty futures trades below 5353 level. Keeping bearish outlook for today short nifty below 5353 for intraday target of 5300 and 5274 level placing stop loss at 5360. ... [Continue Reading]

Nifty future is now in consolidation before any possible breakout, we are however bearish as long as nifty is trading below 5500 level. Downside and upside are both unpredictable from here. We will advice traders to stay away from this market, as risk is now going higher. If nifty is able to break above 5527 level for two days continuously then we will see a short covering rally upto 5700 level. ... [Continue Reading]