Nifty futures opened gap up higher by 30 points at 4844 and quickly found momentum right ftom the start of the session rallying the whole day to make an intraday high of 4950. Nifty closed the day slightly lower at 4823.
Nifty futures found good resistance at 4950 area but did not sell off like yesterdays session and seems like the resistance is holding for the time being.On the upside a closing above the resistance of 4950 twill negate the bearish tone. Any comfortable move above 4950 zone with good volumes and momentum , will take the Nifty all the way upto 5050 strong resistance zone. On the downside , we could see the levels of 4760. Breaking of this support area could take the Nifty towards 4630 and major support at 4550 zone.
Our view on Nifty is neutral . Any rallies towards the 4950 area could be used as the selling opportunities with appropriate stoplosses.
For a Reliable, Trustworthy ,Transparent 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 25 months.It can be viewed at the following links:
www.aaksharstock.com/equitycurve.html
www.aaksharstock.com/roi.html
www.aaksharstock.blogspot.com
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment