As we saw Nifty trading in tight range throughout the week, we are now seeing that this consolidation cannot be ruled out to more extend. So a positive breakout is expected targeting 6070 levels followed by short covering and fresh long positions. When we talk about nifty futures we are more likely to bounce back to 6070 levels. Technically nifty is having strong resistance at 6070 level. ... [Continue Reading]

Nifty futures has been following the global cues from strong asian markets. We see a resistance level do exist near 6043 level, so our initial strategy for today is to wait for breakout in nifty futures above 6047 level for intraday targets of 6082 and 6096. Nifty is trading firmly above 6000 level we are going to see bulls active, but strong resistance at 6043 level may keep markets in short ... [Continue Reading]

Nifty futures has been following the global cues from strong Asian markets. We see a resistance level do exist near 6043 level, so our initial strategy for today is to sell nifty futures near 6040 level for intraday targets of 6015 and 5996. Nifty is trading firmly above 6000 level we are going to see bulls active, but strong resistance at 6043 level must pull the markets back to 6015. The trend ... [Continue Reading]

Nifty future has finally found support at 5750 level, forming double bottom. We have now changed our view from bearish to consolidation in short term. We will now look for selling opportunity near 5950 levels for short term target of 5895, at lower levels we are going to find support at 5896 level, which is strong support now. Once we break this support we will witness more short selling upto its ... [Continue Reading]

Nifty future has finally found support at 5750 level, forming double bottom. We have now changed our view from bearish to consolidation in short term. We will now look for buying opportunity near 5850 levels for short term target of 5995, at higher levels we are going to face resistance at 5996 level, which is strong resistance. Once we cross this resistance we will witness short covering rally ... [Continue Reading]