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]
Correction in Nifty Future, Is it Reversal or just Pullback
Nifty future was in a very firm uptrend and from last few trading sessions we have seen selling in nifty future. We see this correction is just a pullback and not reversal, as there was no change in fundamentals. If you take a close look on the nifty future charts there Fibonacci retracement zones are proving to be stronger support and some consolidation. Trend reversal happens when fundamental ... [Continue Reading]
ABAN Stock for Intraday Trading Gain Today: Buy ABAN Near 388 for Target 399, Analysis Advices Pullback in ABAN
ABAN on last Friday has given a very good closing above 381 level, so we bullish in this stock for short term view and we would suggest intraday traders to buy this stock near 388 for intraday targets as 394 and then 399 levels, as the pull back was confirmed with the help of open interest data of ABAN September futures contract. We have seen the short positions being covered and fresh long build ... [Continue Reading]