Nifty futures opened on a quiet note near yesterdays close @ 4940,But very quickly gained ground near 4980 Area.The IIP data came out above expectation giving a helping hand to the market.The momentum built up above 5000 in last two hours, closing at the high point of the day @ 5055.The nifty futures made a high of 5075.
Nifty futures closed above 5050 is positive .Now the only minor hurddle on the way is to take out the high @ 5089.Nifty going above this level will add fuel to the fire ,taking it to 5250 - 5300 Area.The downside seems to find heavy support @ 4900 Area.
Our view on Nifty futures is Positive.The upside Target for nifty is now 5150 and then at 5250.On the downside only a close below 4900 will negate the whole uptrend taking it to 4780 Area.
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