NIFTY Futures opened on a gap down by almost 100 points @ 4851 due to the major slide in US,Europe & Asian markets . It opened on the low point of the day and found good buying support at that level rising through out the day to register an intraday high of 4943 and finally closing the day @ 4927. Nifty Futures witnessed a very volatile session and a big trading range of 100 points.
Nifty futures tested the level of 4850 in the opening and found good support at that level. The major support level on the down side to watch for is 4820 – 4850 zone and a break of this level will take the markets still lower to 4700 mark. On the upside the major resistance comes in @ 5020 mark, were we may witness fresh bout of new selling pressure emerge . Any rallies in the Nifty Futures should be taken as a selling opportunity, with a proper stop loss.
Our view on Nifty Futures is Bearish. The important levels to consider are 4820 – 4850 zone on the down side and 5020 level on the upside. Nifty Futures is showing a downside bias. Only a closing above the 5020 mark with good volumes and momentum ,will be positive for the markets.
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Friday, May 21, 2010
Thursday, May 20, 2010
NIFTY TRADING SYSTEM
NIFTY TAKES A BREATHIER TODAY ……….
NIFTY Futures opened on a flat to slightly positive tone @ 4946 as expectation as not much movement was witnessed in global markets. It traded the session in a range of almost 50 points taking a breathier from yesterdays sharp down move. Nifty futures made an intraday low of 4926 and a high of 4976, finally settling the day on a flat note @ 4948.
Nifty futures spend todays whole session in a narrow range of 50 points taking a breathier. As we witnessed today was a second consecutive close below the 4950 mark, giving negative bias to the markets. It seems Nifty Futures may trade in a range of 4900 – 5020 range for the time being. A break on either side will move the market swiftly in that direction.
Our view on Nifty Futures is Bearish. The important levels to watch for are 4900 and thereafter 4820 on the down side and 5050 on the upside. Nifty futures is looking vulnerable to more losses and we may see a break of the support areas , as selling pressure is emerging on every rise.
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NIFTY Futures opened on a flat to slightly positive tone @ 4946 as expectation as not much movement was witnessed in global markets. It traded the session in a range of almost 50 points taking a breathier from yesterdays sharp down move. Nifty futures made an intraday low of 4926 and a high of 4976, finally settling the day on a flat note @ 4948.
Nifty futures spend todays whole session in a narrow range of 50 points taking a breathier. As we witnessed today was a second consecutive close below the 4950 mark, giving negative bias to the markets. It seems Nifty Futures may trade in a range of 4900 – 5020 range for the time being. A break on either side will move the market swiftly in that direction.
Our view on Nifty Futures is Bearish. The important levels to watch for are 4900 and thereafter 4820 on the down side and 5050 on the upside. Nifty futures is looking vulnerable to more losses and we may see a break of the support areas , as selling pressure is emerging on every rise.
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Wednesday, May 19, 2010
NIFTY TRADING SYSTEM
NIFTY TUMBLES BELOW 4950 ……….
NIFTY Futures opened on a weak note with a huge gap down of 60 points @ 5006 due to the negative sentiment from the US and Asian markets. It held the first half of the session making an intraday high of 5020, but quickly crashed from that level ,once the European markets opened, making an intraday low of 4901 and finally closing the day @ 4925 . The fall was triggered due to the weak global cues and jitters in European markets.
Nifty futures has broken and closed below the important level of 4950 ,opening the door for more weakness in coming sessions. Nifty Futures may find a minor support @ 4900 level , but the next major support comes in @ 4800 – 4820 zone. On the upside we may find minor resistance @ 4980 area and thereafter the major selling pressure may arise @ 5050 – 5050 zone.
Our view on Nifty Futures is Bearish. Nifty Futures has finally broken down the important 4950 area , making it vulnerable to test the next major support @ 4820 level. On the upside the major resistance now lies in @ 5020 , were we may witness a fresh bout of selling pressure.
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NIFTY Futures opened on a weak note with a huge gap down of 60 points @ 5006 due to the negative sentiment from the US and Asian markets. It held the first half of the session making an intraday high of 5020, but quickly crashed from that level ,once the European markets opened, making an intraday low of 4901 and finally closing the day @ 4925 . The fall was triggered due to the weak global cues and jitters in European markets.
Nifty futures has broken and closed below the important level of 4950 ,opening the door for more weakness in coming sessions. Nifty Futures may find a minor support @ 4900 level , but the next major support comes in @ 4800 – 4820 zone. On the upside we may find minor resistance @ 4980 area and thereafter the major selling pressure may arise @ 5050 – 5050 zone.
Our view on Nifty Futures is Bearish. Nifty Futures has finally broken down the important 4950 area , making it vulnerable to test the next major support @ 4820 level. On the upside the major resistance now lies in @ 5020 , were we may witness a fresh bout of selling pressure.
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Tuesday, May 18, 2010
NIFTY TRADING SYSTEM
NIFTY Futures opened on a flat note @ 5055 , due to the flat trading in US and Asian markets. It tried to move lower in the early part of the session ,but found buying support making an intraday low of 5018 in the process. Nifty futures rallied in the second half of the session to make an intraday high of 5108 and met the selling pressure at that level, finally closed the day @ 5065.
Nifty futures seems to be trading in a range of 4950 – 5120, and has managed to hold the 4950 mark on the down side. On the upside it is trying to break pass the 5120 mark , but is meeting with selling pressure , due to global cues. The levels to watch for is 5000 and thereafter the important 4950 mark on the down side and 5120 - 5150 mark on the upside. A break on either side will give good momentum to Nifty Futures , to move in that direction.
Our view on Nifty Futures is Neutral to Bearish. Nifty Futures is stuck in a band of 4950 – 5120 range, giving ample volatility to the markets.
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Nifty futures seems to be trading in a range of 4950 – 5120, and has managed to hold the 4950 mark on the down side. On the upside it is trying to break pass the 5120 mark , but is meeting with selling pressure , due to global cues. The levels to watch for is 5000 and thereafter the important 4950 mark on the down side and 5120 - 5150 mark on the upside. A break on either side will give good momentum to Nifty Futures , to move in that direction.
Our view on Nifty Futures is Neutral to Bearish. Nifty Futures is stuck in a band of 4950 – 5120 range, giving ample volatility to the markets.
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Monday, May 17, 2010
NIFTY TRADING SYSTEM
NIFTY FUTURES ON A VOLATILE PATH…………………..
NIFTY Futures opened today on a big gap down by approx 52 point @ 5018 in line with the weakness in US and Asian markets. It quickly went lower to test the 4950 mark making an intraday of 4962 in the process and found good support at that level. Nifty Futures made a sharp recovery towards the second half of the session making an intraday high of 5075 and finally closing the day @ 5055.
Nifty futures has managed to hold itself above the 4950 mark making it slightly positive for the time being. The next levels to watch for are 5150 and thereafter 5220 on the upside and 4950 on the downside. Any close on the down side below the 4950 mark with good volumes will take the markets to lower levels. On the upside a close above the 5220 mark will lend some positive movement to the markets.
Our view on Nifty Futures is Neutral to Bearish. Nifty Futures has managed to hold the important support of 4950 for the now. It is likely that Nifty Futures may trade in a band of 4950 and 5150 for time being.
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NIFTY Futures opened today on a big gap down by approx 52 point @ 5018 in line with the weakness in US and Asian markets. It quickly went lower to test the 4950 mark making an intraday of 4962 in the process and found good support at that level. Nifty Futures made a sharp recovery towards the second half of the session making an intraday high of 5075 and finally closing the day @ 5055.
Nifty futures has managed to hold itself above the 4950 mark making it slightly positive for the time being. The next levels to watch for are 5150 and thereafter 5220 on the upside and 4950 on the downside. Any close on the down side below the 4950 mark with good volumes will take the markets to lower levels. On the upside a close above the 5220 mark will lend some positive movement to the markets.
Our view on Nifty Futures is Neutral to Bearish. Nifty Futures has managed to hold the important support of 4950 for the now. It is likely that Nifty Futures may trade in a band of 4950 and 5150 for time being.
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Friday, May 14, 2010
NIFTY TRADING SYSTEM
NIFTY FUTURES TUMBLES ON LATE SELLING………….
NIFTY Futures opened today on a flat to negative tone @ 5163. It made an early attempt to break higher pass the resistance of 5220 , but could not do so and made an intraday high of 5202. Nifty Futures witnessed a last hour sell off after the weakness in European markets ,and tumbled towards the intraday low of 5158 and finally closing the session @ 5070.
Nifty futures has managed to close below the all important level of 5080 with good momentum, making it vulnerable to more losses in the coming sessions. Nifty Futures has to break pass the 5220 area and thereafter the 5280 zone with good volumes to witness any fresh bout of buying . On the down side the important level of 5080 has been broken and the next level to watch for is 4950 zone. Future
Our view on Nifty Futures is Bearish. It has closed below the important level of 5080 showing more down side bias. The next level to watch for is 4950 on the down side and 5220 on the upside.
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NIFTY Futures opened today on a flat to negative tone @ 5163. It made an early attempt to break higher pass the resistance of 5220 , but could not do so and made an intraday high of 5202. Nifty Futures witnessed a last hour sell off after the weakness in European markets ,and tumbled towards the intraday low of 5158 and finally closing the session @ 5070.
Nifty futures has managed to close below the all important level of 5080 with good momentum, making it vulnerable to more losses in the coming sessions. Nifty Futures has to break pass the 5220 area and thereafter the 5280 zone with good volumes to witness any fresh bout of buying . On the down side the important level of 5080 has been broken and the next level to watch for is 4950 zone. Future
Our view on Nifty Futures is Bearish. It has closed below the important level of 5080 showing more down side bias. The next level to watch for is 4950 on the down side and 5220 on the upside.
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Thursday, May 13, 2010
NIFTY TRADING SYSTEM
NIFTY Futures opened today with a minor gap up of 25 points @ 5185. It made an early attempt to break above 5220, but failed. It made an intraday high of 5217.65 in the process.Towards the mid session, Nifty futures sold off to make an intraday low of 5165. It closed the day almost flat with thin volumes @ 5183.
Nifty futures seems to lack momentum to regain higher levels.There is enough selling on every attempt to rally. The important level to watch for Nifty futures is a close above 5280 - 5300 area. This will regenerate fresh excitement in Bulls taking it much higher towards 5550 zone. On the downside,there is minor support area of 5125 to be watched.Only a close below 5080, will gain fresh downside momentum for Nifty Futures.
Our view on Nifty Futures is Neutral. Nifty Futures is once again seem to be struck in a range of 5280 on the upside and 5080 on the downside. The breaking on either side will trigger fresh momentum.
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Nifty futures seems to lack momentum to regain higher levels.There is enough selling on every attempt to rally. The important level to watch for Nifty futures is a close above 5280 - 5300 area. This will regenerate fresh excitement in Bulls taking it much higher towards 5550 zone. On the downside,there is minor support area of 5125 to be watched.Only a close below 5080, will gain fresh downside momentum for Nifty Futures.
Our view on Nifty Futures is Neutral. Nifty Futures is once again seem to be struck in a range of 5280 on the upside and 5080 on the downside. The breaking on either side will trigger fresh momentum.
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Wednesday, May 12, 2010
NIFTY TRADING SYSTEM
NIFTY FUTURES CONSOLIDATING BETWEEN 5100 – 5200 ……..
Nifty futures opened on a flattish note @ 5131 and tried to move higher pass the 5180 area ,but could not do so in the process making 5167 as an intraday high. Nifty futures could not hold to the higher levels and sold off to make an intraday low of 5088 and finally closing the session @ 5149.
NIFTY Future after making a tremendous comeback yesterday , consolidated in the range of 5080 - 5180 trying both the ends to break on either sides. The important level to watch for is 5185 - 5210 on the upside and 5080 area on the down side. Only a close above the 5300 zone with good volumes will give markets the much needed momentum to move higher .On the downside the 4950 zone will be very critical for Nifty Futures.
Our view on Nifty Futures has turned Neutral . It is attempting to break the narrow consolidation zone of 5080 – 5180 to make a decent move on the either side. Watch out for 5210 on the upside and 5080 on the downside.
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Nifty futures opened on a flattish note @ 5131 and tried to move higher pass the 5180 area ,but could not do so in the process making 5167 as an intraday high. Nifty futures could not hold to the higher levels and sold off to make an intraday low of 5088 and finally closing the session @ 5149.
NIFTY Future after making a tremendous comeback yesterday , consolidated in the range of 5080 - 5180 trying both the ends to break on either sides. The important level to watch for is 5185 - 5210 on the upside and 5080 area on the down side. Only a close above the 5300 zone with good volumes will give markets the much needed momentum to move higher .On the downside the 4950 zone will be very critical for Nifty Futures.
Our view on Nifty Futures has turned Neutral . It is attempting to break the narrow consolidation zone of 5080 – 5180 to make a decent move on the either side. Watch out for 5210 on the upside and 5080 on the downside.
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Monday, May 10, 2010
NIFTY TRADING SYSTEM
NIFTY FUTURES CLOSES ABOVE 5200...........
Nifty futures opened today with a huge gap up of 52 points @ 5080. This was the low point of the day and Nifty futures quickly rose above 5150 level aswell. And towards the closed , Nifty Futures gathered renewed strenght to close near the highs above 5200.
NIFTY Future made a tremendous comeback after recent days selloff due to greece situation.The Nifty had gone into a serious over sold zone which has been corrected today. Nifty is still
Nifty futures opened today with a huge gap up of 52 points @ 5080. This was the low point of the day and Nifty futures quickly rose above 5150 level aswell. And towards the closed , Nifty Futures gathered renewed strenght to close near the highs above 5200.
NIFTY Future made a tremendous comeback after recent days selloff due to greece situation.The Nifty had gone into a serious over sold zone which has been corrected today. Nifty is still
Friday, May 7, 2010
NIFTY TRADING SYSTEM
NIFTY Futures once again opened down with a gap of 78 point @ 5014. It made an intraday low of 4976 and an intraday high of 5043. Nifty futures finally closed the day on a cautious note at 5032.
With the European crisis still not settled, expect Volatility to continue in our markets. But even though the trend is down, most individual scrips are heavily over sold on charts.Expect some kind of relief rally if the Greece relief package details is as per the expectation.Nifty has support near the 4950 mark for now.A break below this will take nifty futures all the way down to 4800.
Our View on NIfty Futures is Bearish. But we do not recommend selling Nifty Futures at current levels. Please wait for a relief rally to short into.Nifty futures can rally upto 5150 mark before facing minor resistance. Only a close above 5250 will change the short term direction of Nifty Futures.
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With the European crisis still not settled, expect Volatility to continue in our markets. But even though the trend is down, most individual scrips are heavily over sold on charts.Expect some kind of relief rally if the Greece relief package details is as per the expectation.Nifty has support near the 4950 mark for now.A break below this will take nifty futures all the way down to 4800.
Our View on NIfty Futures is Bearish. But we do not recommend selling Nifty Futures at current levels. Please wait for a relief rally to short into.Nifty futures can rally upto 5150 mark before facing minor resistance. Only a close above 5250 will change the short term direction of Nifty Futures.
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Thursday, May 6, 2010
NIFTY TRADING SYSTEM - AAKSHARSTOCK.COM
GOOD TWO WAY MOVEMENT IN NIFTY FUTURES…………
NIFTY Futures opened today with a minor gap down of approx 20 points @ 5112. But , it lost some ground right in the early session and broke below yesterday support of 5050 and made an intraday low of 5025.Very quickly Nifty Futures reversed the losses to make a fresh intraday high of 5114.50. It finally closed the day @ 5094.
Nifty Futures is going through some very volatile times and bouncing with every news coming out of Europe and US.Nifty is facing some stiff resistance above the 5150 mark and only a close above 5250 will bring positive momentum back to the markets. On the downside, still 4950 is very strong and crucial support for nifty futures.
Our view on Nifty Futrures is still Bearish. No important resistant level has been breached on the upside, so very rally should be used to sell in Nifty Futures with an immediate target of 4950.
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NIFTY Futures opened today with a minor gap down of approx 20 points @ 5112. But , it lost some ground right in the early session and broke below yesterday support of 5050 and made an intraday low of 5025.Very quickly Nifty Futures reversed the losses to make a fresh intraday high of 5114.50. It finally closed the day @ 5094.
Nifty Futures is going through some very volatile times and bouncing with every news coming out of Europe and US.Nifty is facing some stiff resistance above the 5150 mark and only a close above 5250 will bring positive momentum back to the markets. On the downside, still 4950 is very strong and crucial support for nifty futures.
Our view on Nifty Futrures is still Bearish. No important resistant level has been breached on the upside, so very rally should be used to sell in Nifty Futures with an immediate target of 4950.
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Wednesday, May 5, 2010
NIFTY TRADING SYSTEM
LATE RECOVERY IN NIFTY FUTURES.........
NIFTY Futures Opened today down by 60 points @ 5071.With the Global cues very negative at the open it touched an intraday low of 5053.But very quickly it found some support near the lows and in the lale session it manage to climb above the 5100 mark, closing at almost the high point of the day @ 5131.
The Nifty Future has managed to recover its losses on the back of some recovery by the European markets in the late session.On the upside , there is a trading zone between 5160 - 5180 which may act as minor resistance.The major resistance is all the way upto 5250 mark. And on the downside, the 5050 area will now act as a minor support and the next major support will come in at 4950 zone.
Our view on Nifty Futures is Bearish. Only a close above the 5250 level with heavy Volume will negate the downside momentum and take Nifty Futures towards 5400 zone again.Any rally should be used to enter the market on the sell side with appropiate stoplosses.
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NIFTY Futures Opened today down by 60 points @ 5071.With the Global cues very negative at the open it touched an intraday low of 5053.But very quickly it found some support near the lows and in the lale session it manage to climb above the 5100 mark, closing at almost the high point of the day @ 5131.
The Nifty Future has managed to recover its losses on the back of some recovery by the European markets in the late session.On the upside , there is a trading zone between 5160 - 5180 which may act as minor resistance.The major resistance is all the way upto 5250 mark. And on the downside, the 5050 area will now act as a minor support and the next major support will come in at 4950 zone.
Our view on Nifty Futures is Bearish. Only a close above the 5250 level with heavy Volume will negate the downside momentum and take Nifty Futures towards 5400 zone again.Any rally should be used to enter the market on the sell side with appropiate stoplosses.
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
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Tuesday, May 4, 2010
NIFTY TRADING SYSTEM
SELL OFF IN NIFTY FUTURES ……..
Nifty Futures opened on a flat note @ 5225 , despite positive trigger from US market. It made an early attempt to climb higher towards 5250 in the process made an intraday high of 5238 . Nifty futures failed to hold the 5200 mark and sold off heavily in the late session closing the day down by approx 94 points @ 5131..
Nifty Futures has finally broken below the lower end of the triangle , making the market vulnerable to further losses. Todays close is very important as crucial level of 5200 has been broken. On the down side, the next major support comes in at the 5100 and if the momentum continues we could see levels below the 5000 mark. On the upside the minor resistance now stands at 5250 zone. Only a close above 5320 area would negate the bearish momentum and take Nifty Futures to higher levels.
Our View on Nifty Futures is Bearish. The important triangle pattern formed on intraday charts has broken on the down side. The immediate target of the triangle pattern suggest , lower levels below the psychological 5000 mark towards the 4950 area
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:
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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
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Nifty Futures opened on a flat note @ 5225 , despite positive trigger from US market. It made an early attempt to climb higher towards 5250 in the process made an intraday high of 5238 . Nifty futures failed to hold the 5200 mark and sold off heavily in the late session closing the day down by approx 94 points @ 5131..
Nifty Futures has finally broken below the lower end of the triangle , making the market vulnerable to further losses. Todays close is very important as crucial level of 5200 has been broken. On the down side, the next major support comes in at the 5100 and if the momentum continues we could see levels below the 5000 mark. On the upside the minor resistance now stands at 5250 zone. Only a close above 5320 area would negate the bearish momentum and take Nifty Futures to higher levels.
Our View on Nifty Futures is Bearish. The important triangle pattern formed on intraday charts has broken on the down side. The immediate target of the triangle pattern suggest , lower levels below the psychological 5000 mark towards the 4950 area
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
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Monday, May 3, 2010
NIFTY TRADING SYSTEM
Nifty Futures opened lower by approx 25 points @ 5235 as expected due to the weakness in US and ASIAN markets . It tried to move higher in the early session to pass by the 5250 mark but could not do so making an intraday high of 5245 in the process , and finally moved lower to make an intraday low of 5202 , closing the day @ 5225.
Nifty Futures is still stuck in a narrow range of 5200 – 5350 ignoring any positive or negative cues from the global or domestic markets. A close below the 5200 mark and there after the 5150 level with good volumes will take Nifty Futures to lower levels. On the up side the important level to watch for is @ 5300, and any closing above this will take Nifty Futures to higher levels.
Our View on Nifty Futures is Neutral. The important triangle pattern formed on intraday charts is still valid , and are waiting for the Nifty Futures to break the triangle on either side with good momentum and volume. The upside resistance is @ 5325 and the downside support of the triangle is around 5210 area.
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:
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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
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Nifty Futures is still stuck in a narrow range of 5200 – 5350 ignoring any positive or negative cues from the global or domestic markets. A close below the 5200 mark and there after the 5150 level with good volumes will take Nifty Futures to lower levels. On the up side the important level to watch for is @ 5300, and any closing above this will take Nifty Futures to higher levels.
Our View on Nifty Futures is Neutral. The important triangle pattern formed on intraday charts is still valid , and are waiting for the Nifty Futures to break the triangle on either side with good momentum and volume. The upside resistance is @ 5325 and the downside support of the triangle is around 5210 area.
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.
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