Nifty futures had tested its previous bottom of 4720 level but this time the markets were unable to break below that level and just after touching 4725 level we have seen a bounce back towards 4900 level. Even global markets were looking supportive last week, as there were lots of positive surprises coming from European Central Bank (ECB) and US Unemployment data that was released last Friday. ECB ... [Continue Reading]
Nifty Futures Has Strong Resistance at 5200 level, Next Week Trading Advice is Short Sell Nifty Futures at 5200 level
Nifty futures has consolidated through this week we have seen the range for this week in nifty future was 4900 to 5166. We would initiate short positions in nifty futures at 5200 levels for downside trading targets as 5000 and then 4949 levels. Nifty has earlier faced strong resistance at 5200 zone so this can be very good opportunity to go short in nifty futures. We are confident that nifty ... [Continue Reading]
Unwinding Short Positions and Fresh Long Build up seen, Nifty Futures Traded Above the 4960 Level, Target for Next Week Must be now 5166 Level for September Series, Trend Still Remains Down
It was the pullback rally that we have seen last week, Nifty Futures has recovered from 4718 level to close near 5040 level, so this is about 300 points short covering rally. Nifty futures open interest data suggests us that last week short unwinding was seen and also there was long build up seen in open interest. So this pull back rally may continue till we see 5160 level of past. This level is ... [Continue Reading]
Nifty Futures Closed Below Strong Support of 4800 level, What is Next Week Strategy for September Series, Downside Risk has Increased Trade Nifty Options
Nifty futures making the series of lower lows and lower highs suggesting us the down trend for next week, we have seen a very weak closing below 4800 in Friday. So our strategy for next week will be keep adding short positions in nifty futures till it trades below 4960 level on closing basis for targets as 4650 and 4580 levels in next week. On Monday we may see some bounce as US markets were up by ... [Continue Reading]
Nifty Futures August Series Trading Target Level for Next Week 1 August 2011, Bearish Momentum Expected
Last week we have seen a very weak closing in Nifty futures, as a close below 5500 level for 2 days continuously. So we have now markets which has limited upside and huge downside, hence we are looking for selling opportunities as long as the nifty futures august series is trading below 5555 level. We recommend to trade short in Nifty futures below 5555 level for weekly target of 5410 and then ... [Continue Reading]