Nifty futures seen deep correction in the early hour of trade, the panic selling came from the major market participants, as there was some talks going on for the Mauritius DTTA, we also saw the huge selling in the stocks like GTL and the GLTINFRA, as it is said that these companies has about 11% of holding from the Mauritian company technology infra. Today's correction has warned us about the ... [Continue Reading]

Nifty future trading range from past 30 sessions was 5300 - 5700 range, in this range the nifty was heavily consolidating and we see further consolidation before any up move. At CMP we will however remain bearish as long as nifty is trading below 5565 level. Technical indicators are showing lack of strong momentum from current levels, we are confident that the recovery will take more time. We will ... [Continue Reading]

Nifty futures is trading in range of 5600 and 5400 for the long time. We are expecting a positive breakout above the higher level of the range for initial target of 5691 level. For intraday traders we will advice them to trade short for today as the nifty is weakening in the lower time frame charts like 15 minutes. Also on every up move we are expecting some fresh selling in this index. So for ... [Continue Reading]

Indian markets closed the week on some good recovery, but still this was not strong enough to hold nifty above its resistance level of 5569. So we are again back in the consolidation expecting the breakout in the coming sessions. However our strategy for next week will be to enter long only if nifty manages to close above the 5571 mark continuously for 2 trading sessions. The targets for long ... [Continue Reading]