Here is short term range trading strategy for nifty future, hourly chart suggest levels of support resistance for short term: Strong support can be found at 5640 level, where as strong resistance 5720 level for nifty spot. So, one can buy nifty around 5640 level for target of 5700 and one can short nifty at 5720 for target as 5670 level. Stop loss will be, exit when nifty breaks out of this ... [Continue Reading]
Nifty future has some Resistance at 5365 zone, Traders be Alert
Nifty future has been trading higher for last few days, I am expecting the up move to continue. However daily chart suggest me of some resistance for nifty future around 5365 level. I will wait to see if nifty future breaks above this resistance, once nifty future trades above 5365 level I will take long positions. I suggest traders to open the trade in the direction of the trend, which seems to ... [Continue Reading]
Nifty Futures Faces Strong Resistance at 5170 Level Yesterday, Todays Nifty Futures Target is 5100
Nifty futures was unable to break above the 5170 level yesterday and hence we have seen good amount of selling in nifty futures September series today. Since the 5170 level was a strong resistance level for now. We are expecting nifty futures to target the 5100 level and then 5056 level. Also the global markets has started to weaken yesterday just after the ECB (European Central Bank) has kept its ... [Continue Reading]