NIFTY IN A CONSOLIDATION PHASE ……………….
Nifty Futures opened flat to higher by approx 10 points @ 5264 . It swiftly moved higher towards 5290 making the same as an intraday high , but found resistance at this mark and could not pass by the 5300 level. Nifty futures traded the whole session in a narrow range of 25 points and finally slipped towards the intraday low of 5252 and closing the lackluster session @ 5260.
Nifty futures is trading at an important level of 5250 waiting for fresh cues to move the markets. The immediate important level to watch for are 5200 and thereafter at 5150 on the down side. The levels to watch for on upside are at 5300 and thereafter @ 5350 . Nifty futures seems to be stuck in a narrow range of 5200 – 5350 zone from last couple of sessions.
Our View on Nifty Futures is Neutral. There is an important triangle pattern formed on intraday charts . The upside resistance comes at 5325 and the downside support of the triangle is around 5210 area. A close on either side of the triangle will move the Nifty futures by 200 points.
We are Proud to announce 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.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment