Nifty futures opened today with a minor Gap up of 25 points @ 5000.It tried to break yesterdays Low, but failed.The Intraday low of Nifty was @ 4972,and then made a fresh attempted to break above 5050, but failed again.Finally in the last hour, it gave up all the gains, closing below 5000 level @ 4986.
Todays nifty failure is technically very bad for the market.This is the 4th attempt for nifty to break pass 5050 but failed.Now only hope is tommorrows Infy results, If it comes anything less of expectation, we could see a hugh sell off. And a close below 4900 will trigger a wave of Profit taking in the large and midcap stocks.
Our View on Nifty Futures is Neutral.On a close above 5085 level will see a huge blow out move to 5300 level. And a close below 4900 Area will see sharp selling pressure in Nifty futures. It is stuck in a 200 points of narrow range.
For a Precise Entry, Stoploss And Target, Visit Our Website www.aaksharstock.com and Register for a Free Trial.
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