LATE SELLING PRESSURE TAKES NIFTY BELOW 5300...................
NIFTY Futures Opened today on a Positive Note along with the US Clues @ 5372 up by almost 42 points. Nifty made an intraday high @ 5377 at the open and sold off almost the whole day.The aggressive selling came after the Inflation news and managed to breach the 5300 level . In the process made and intraday low of 5268, and closed the day @ 5275.
Nifty Futures despite several attempts to break pass the 5380 - 5400 area but failed and closed below 5300 mark is bearish sign for the short term traders. The near term support is now resting at 5240 mark and a break of which will take nifty to 5180 level. On the Upside, as mentioned earlier , a breach of 5380 is required to negate the bearish sentiment.
Our View on Nifty Futures is Neutral To Bearish. Closing below the 5290 mark is bearish and if the momentum continues we could see a test of 5180 mark. Only a close above 5380 will attract fresh buying in Nifty Futures. Stay Alert for a Possible downside Breakdown.
We are Proud to annouce a new product for Professional and Novice Intraday Traders. This is in a form of Trading Newsletter comprising of 42 Volatile Scrips including Nifty and Bank Nifty.The same of the same can be viewed at the following link:
http://www.aaksharstock.com/intraday-newsletter.html#stock-market-tips
There is also good news for Commodity Traders. We have Added three new Commodity Trading Systems. They are Gold Trading System, Silver Trading system, Crude Trading System. All the Trade by Trade Results along with the Performance of Commodity Systems can be view from our website: www.aaksharstock.com
For a Reliable, Trustworthy ,Transparent and Accurate Trading Systems,visit 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 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