We are posting intraday trading call on nifty future, we advice traders to go short on nifty future near 5350 level for intraday trading target as 5320, placing stop loss orders just above 5360 level. Yesterday US FOMC meeting showed that no further easing was needed for US economy to propel growth, which increased demand for USD looking at sentiment index we see retail traders sentiment has ... [Continue Reading]
Nifty Future down 136 points Today, Huge Selling in Afternoon Session
Nifty future was trading lower by more than 125 points, major part of selling was due to poor data released from European in afternoon at 1:30pm IST. Also china PMI came lower suggesting confidence in Chinese economy is getting lower due to lower growth target. We saw commodities were trading lower on that account, thus creating strength in USD. In Europe just after the data was released we saw ... [Continue Reading]
Nifty Future may Attract Short Selling, Buy Nifty 4900 Put Options
Nifty future has its upside capped at 500 Level for this January series expiry, but even near 4900 level attracting selling pressure in Nifty future and heavy weight stocks like Reliance, Infosys, TCS, Wipro, etc. Taking the advantage of this selling pressure we would advise traders to Buy Nifty 4900 put options near 104 level for positional targets as 150 and then 185 levels, Also exit this ... [Continue Reading]
DLF Stock for Intraday Trading Today: Sell DLF Near 186 for Target 181, Technical Analysis Suggest Short DLF
DLF stock has given nice closing last Friday and we believe that stock must see some pullback and selling must continue to pull the DLF stock towards the 180 levels today. So we will advice intraday traders to enter the short positions in DLF near 186 level for intraday target of 182 and then 180 level. Also we see a strong support is at 180 level and some bounce is expected from there. So our ... [Continue Reading]