NIFTY ON A ROLLERCOASTER RIDE..........
NIFTY futures opened today down by 35 points @ 4735. In the early session it attempted to break pass yesterdays high of 4769 , but with the GDP Estimate Forecast , it swiftly moved down. Nifty broke below yesterdays low making an intraday low of 4667. The 200 day moving average acted as an support and shortcovering led the market sharply higher beyond 4800 , making an intraday high of 4807. It finally closed the day at 4767.
Nifty futures had a very volatile session as the bulls and bears fought for the control of the market. Now Nifty has to close above 4850, to negate the bearish sentiment and attract new buying. On the downside a break below 4650 will open room for new selling towards 4530 area.
Our view has now turned from bearish to neutral. All the shorts in the system has been squared off and the new buying will now only emerge above 4850 zone.The selling will once again re-emerge , if Nifty trades below 4720 area.
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