What a day for Nifty Traders??
Nifty futures opened on a strong note @ 5030, but very quickly gave up all the gains and fell to 4918.
It managed beautifully to recover from the Lows and made an attempt towards 5050 and finally closed near the highs @ 5039.
Nifty Futures found good support near our mentioned Area of 4900. This is turning out to be Rock Solid Support just like 4350. Now as mentioned earlier, only a close below 4900 will end any upside monentum.On the upside as mentioned yesterday, a close above 5050 level will trigger fresh move towards 5250.
Our view on nifty futures is cautiously Bullish. A move above 5055 will trigger new wave of buying leading the markets to new high. And on the downside a break below 4900 will cripple the upside momentum.So it seems the new range for nifty is 4900 - 5050.
Its a shame that our markets keeps stopping every 50 points on the upside.
For a reliable, trustworthy ,and accurate trading calls visit www.aaksharstock.com and register for a free trial.Our trading system is positional based system trading approx 7 - 8 times per month only, giving consistent profit per month.
We have maintained trade by trade performances along with Equity Curve and ROI(Return on Investment) for last 20 months.It can be viewed at the following links:
www.aaksharstock.com/equitycurve.html
www.aaksharstock.com/roi.html
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment