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]
Support and Resistance Levels for Nifty Future Next Week, News to Watch
In technical analysis traders are very keen to find out support and resistance level for nifty future for next week trading, I am sharing some levels that will help you to take nifty future trades next week. Nifty Future support resistance: Support: 5400 / 5320 Resistance: 5600 / 5650 These levels are plotted using Fibonacci retracement tool. Major news that you should watch next week, news can ... [Continue Reading]
Trading Nifty Futures Using Support and Resistance Basic Rules
Before trading Nifty Future let’s get to basic about support resistance, now support is a technical level or key level, from where stock / market starts to bounce, hence we say stock took support. Resistance is also technical level from where stock starts to fall. These were simple definitions of support and resistance; let us discuss some facts about support resistance before we actually apply it ... [Continue Reading]
How to Find Support and Resistance Levels of Nifty Future for Short Term
Nifty future charts are very useful to find out exact areas of support as well as resistance over the daily chart. As charts are representation of historical data, it becomes very useful to see how markets have reacted earlier to those levels and depending on that reaction, history may repeat itself. Now see a level where nifty future previously found support on that daily chart, then check which ... [Continue Reading]
Trade Nifty Future Using Fibonacci Support Resistance Levels with High Accuracy
Fibonacci retracement levels are highly used by professional traders, as these levels acts as support resistance. This tool just needs recent high (Swing High) and recent low (Swing Low) to plot retracement levels over the nifty future charts. Price action reacts to these levels in a very accurate fashion, you will see market finding support or facing resistance around these levels. Professional ... [Continue Reading]