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]
Short term range for Nifty future, Trend in near term
Nifty future has been trading in range of 200 points from starting of F&O series. In this article I will demonstrate how can a trader find out this range using a very simple method. You will need to find out nifty put which has maximum open interest here is the link. OK whats next, next thing is to get the nifty call option having maximum open interest its link is here. At this point of time ... [Continue Reading]
Nifty Future Breaks the Range, Long Positions Entered on Nifty
If you look at previous range then it was 5200 and 5400, on breaking above 5400 our immediate upside target will be 5600 level. Long positions were added on breaking and successfully closing above 5400 resistance. We were optimistic this time as momentum continued and increased liquidity is returning into equity markets, moreover technical traders are also bullish as nifty future has managed to ... [Continue Reading]
Consolidation Expected in Nifty Futures Next week, Range Trading Strategy for October Series, Markets are still in Downtrend
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]
