Looking at the charts, we see nifty is making series of lower tops and lower bottom, hence downtrend is still valid. Being a trend chasing trader we will be looking every pullback as selling opportunity on nifty future. Every pullback will give us new short sell entry on Nifty future; this entry can be timed with the help of indicators like RSI, MACD, CCI or Slow Stochastic. In our case we will be ... [Continue Reading]
JP Associates is in Strong Down Trend, More Selling Expected Below 74 Levels
Jaiprakash Associates Ltd. a leader in construction sector, also it is one of the oldest company in this sector that is listed on NSE. Its shares began trading on 7 November 1994 on NSE. Also JPASSOCIAT has given very good dividends and bonus shares too, the stock performance of this company has been very impressive. But the current scenario is very different and the stock seems to be in ... [Continue Reading]
Indian Rupee Depreciating, Hinting Short Selling in Nifty Futures Ahead
INR (Indian Rupee) has been depreciating from last 2 quarters, from 46 to 54 level IT sector was enjoying this gain, but Oil and Gas companies were suffering and were unable to pass the extra cost to consumers. This move was a negative for growth of economy as well as certain sectors and companies, we saw industrial production (IIP) hitting its lowest level since 2008. Many sectors saw ... [Continue Reading]
Nifty Index Stocks Giving Negative Breakout, Stocks to Short Sell Today
Nifty index stocks that has broken below support level, gave a negative breakout. Hire is the list of them: 1. Reliance: Stock has broken support level of 900 level and so it’s a selling opportunity on charts. 2. State bank of India: SBIN has been negative after the results were announced and S&P has downgraded it. On break below 2000 level stock has become extremely negative. 3. BHEL: On ... [Continue Reading]
Reasons to be short on Nifty futures in this month F&O series
Nifty future began new Bull Run (uptrend) after bouncing from 4420 level, on charts we have see it creating series of higher tops and higher bottoms. But the street was expecting much better from the financial budget 2012, where finance minister disappointed the experts’ estimate. Soon then nifty future started sell off and from the recent created high of 5530 level, nifty future was trading at ... [Continue Reading]