There is a strong inverse co-relation between nifty future and the India vix index (volatility index). We have seen that when the nifty has started to fall the vix was rising. As nifty option writers were of a view that there are chances that nifty reverse its move soon. That is why the volatility was increasing and not decreasing. Volatility has always remained high before the major economic ... [Continue Reading]
Nifty future range trading strategy: Trade Support and resistance
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 near term support at 5630 level, Buy on Dips
Nifty future corrected from 5825 level and have been correcting for last 3 days. But still chart suggests, the trend is bullish and so we will still be on the long side of trade. Recent development has lead the risk-on rally in the global market, I believe this will be strengthening further as this is only a temporary pullback in an uptrend, which should be treated as an opportunity to buy into ... [Continue Reading]
Buy Nifty July Future on Pullback, Target 5300 level
Yesterday we have asked our readers to rollover the long positions of nifty future to July series. However we were not sure when the bounce will come, but today we have seen gap-up opening. Those who missed to enter long in nifty, need to wait here for a pullback towards 5200 - 5220 zone to re-enter long positions. Short term positional targets will be 5290 and 5360. Stop loss must be below 5190 ... [Continue Reading]
Intraday Trading Pick: Short Sell Tatasteel, Nifty Future near support
Today's intraday trading pick is on tata steel stock, which is already trading weak, down by about 2.4%. I would suggest intraday traders to short sell tatasteel around 396 for targets as 390 and then 387, while placing targets for this trade around 398 zone. Global demand for steel has seen a bit of slowdown as euro-zone crisis has emerged again and spoiling the risk rally again this year. Today ... [Continue Reading]
