Yesterday due to global selling, our markets was on the way of selling as well. We Have seen Nifty future for the first time on daily chart has broken below the trend line which has been acting as support from the month of June. So I am expecting some selling in the markets, as being a technical reason. Even Indian rupee has depreciated against USD and reached 54 mark again. Situation after flop ... [Continue Reading]
Nifty Next week: Some thing is unusual, Nifty options open interest
About 11 million (1.10 crore) shares were seen in total open interest of nifty 5800 call option. Having such a high open interest is unusual thing and has many surprises in it. What I feel is market might have created a intermediate top for short to medium term. Suggests some selling is on the way for markets, VIX is also around 52 week low. Suggest me that nifty is going to see major selling in ... [Continue Reading]
Support and Resistance Levels for Nifty Future Next Week, News to Watch
In technical analysis traders are very keen to find out support and resistance level for nifty future for next week trading, I am sharing some levels that will help you to take nifty future trades next week. Nifty Future support resistance: Support: 5400 / 5320 Resistance: 5600 / 5650 These levels are plotted using Fibonacci retracement tool. Major news that you should watch next week, news can ... [Continue Reading]
Sell Nifty Future near 4700 Level, Next Week Target 4550 Level
We are not in a bullish market and this is just a pullback in the down trend, hence taking a use of technical indicator such as Slow Stochastic we will time our exact short entry on nifty future. Watching open interest data we have seen current month future contracts adding more than 40 lakh shares in open interest. In today’s trading session nifty was unable to surpass 4700 level, also intraday ... [Continue Reading]
Nifty options trading idea for next week, Buy more call options
Nifty future continued its uptrend even after the financial budget was announced on 16 March 2012, traders will be looking for buying opportunity on nifty future or nifty call options is large quantities. Another trading option can be to write nifty put option and then keep holding it till F&O expiry. For next week medium risk trade can be to short nifty put option or buy nifty out of money call ... [Continue Reading]
