NIFTY FUTURES opened today on a flat note @ 5444 in line with its US & Asian markets. It tried twice to break pass the 5450 mark in the process making 5445 as in intraday high and finally collapsed, in the mid session towards the 5385 mark making the same as intraday low. Nifty Futures finally managed to close the session @ 5393.
As mentioned from previous 2 days, Nifty Futures is stuck in an narrow range of 5380 – 5480 , and today it found buying support at the lower end of the range ie at 5385 mark. Nifty Futures has managed to close below the rising trendline from 07.07.2010 and is poised for more down side. Probably we expect to find support @ 5350 mark, and the failure at this level will take Nifty Futures all the way down to 5250 major support zone. On the up side only a comfortable break and close above the 5480 mark will trigger the next bout of fresh buying taking Nifty Futures towards the 5550 – 5600 mark.
Our view on Nifty Futures is Flat . Since Nifty Futures is stuck in a narrow trading range of 5380 – 5480 . Opportunities arising on both sides can be traded with proper stop loss. The major trend is still on upside.
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Wednesday, July 28, 2010
Tuesday, July 27, 2010
NIFTY TRADING SYSTEM
NIFTY FUTURES opened higher today by approx 20 points @ 5435 in line with the 100 points rise in the US markets. Nifty Futures waited for the interest rate news and after that we witnessed a two way movement making an intraday low of 5410 and then to test the 5460 mark , making same as intraday high in the process. Finally Nifty Futures closed the session @ 5433 .
Even with the major trigger of interest rate news, Nifty Futures still could not break the narrow range of approx 100 points between 5380 – 5480 ,made from the last 4 days . On the upside the 5480 mark is acting as a major barrier and market is trying to break that barrier from past 2 days but in vain. Only a close above this level with good volumes and momentum will take Nifty Future towards the 5550 – 5600 target zone. On the down side Nifty Futures has to break the major support 5350 level to negate the up ward momentum and test the next major support @ 5250.
Our view on Nifty Futures is Flat to Bullish. Nifty Futures is giving enough trading opportunity to traders ,since it is stuck in a trading range of 5380 – 5480 . The trend is on upside, and any dips can be bought into with proper stop loss.
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Even with the major trigger of interest rate news, Nifty Futures still could not break the narrow range of approx 100 points between 5380 – 5480 ,made from the last 4 days . On the upside the 5480 mark is acting as a major barrier and market is trying to break that barrier from past 2 days but in vain. Only a close above this level with good volumes and momentum will take Nifty Future towards the 5550 – 5600 target zone. On the down side Nifty Futures has to break the major support 5350 level to negate the up ward momentum and test the next major support @ 5250.
Our view on Nifty Futures is Flat to Bullish. Nifty Futures is giving enough trading opportunity to traders ,since it is stuck in a trading range of 5380 – 5480 . The trend is on upside, and any dips can be bought into with proper stop loss.
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Monday, July 26, 2010
NIFTY TRADING SYSTEM
NIFTY FUTURES opened almost flat @ 5460 as expected due to uneventful Asian markets . It made a decent attempt to pass by the 5480 mark in the early session but could not do so making an intraday high of 5464. Nifty Futures after trading dull for few hours, finally collapsed to an intraday low of 5417 and closed the day at 5418.50 .
Nifty Futures again seems to be consolidating in a narrow range of approx 100 point ie between 5380 – 5480. On the upside Nifty Futures has to break pass the 5480 – 5500zone with good volumes to meet our intermediate target of 5550 – 5600. On the down side any close below the 5350 level will negate the upward momentum and take Nifty Futures to the next major support of 5250.
Our view on Nifty Futures is Flat to Bullish. Nifty Futures is stuck in a band of 5380 – 5480 and any dips towards the support area of 5380 can be used as a buying opportunity with appropriate stop loss
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Nifty Futures again seems to be consolidating in a narrow range of approx 100 point ie between 5380 – 5480. On the upside Nifty Futures has to break pass the 5480 – 5500zone with good volumes to meet our intermediate target of 5550 – 5600. On the down side any close below the 5350 level will negate the upward momentum and take Nifty Futures to the next major support of 5250.
Our view on Nifty Futures is Flat to Bullish. Nifty Futures is stuck in a band of 5380 – 5480 and any dips towards the support area of 5380 can be used as a buying opportunity with appropriate stop loss
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Friday, July 23, 2010
NIFTY TRADING SYSTEM
NIFTY FUTURES opened today on higher by approx 30 points @ 5475 in line with the positive closing from US markets. It was almost the intraday high point of the day and continuously melted down from there as the session progressed , making an intraday low of 5428 in the process . Nifty Futures closed the session @ 5444.
Nifty Futures touched the resistance of 5480 in the early session and corrected from there towards the 5420 level. On the upside Nifty Futures seems to find the selling pressure emerging at 5480 level and a break of this level will take the market to a next crucial zone of 5550 – 5600. On the down side the level of 5350 seems to be acting as a s major support zone . Expect the Nifty Futures to trade in a range of 5350 – 5480 area for now
Our view on Nifty Futures is Bullish. Any dips towards the 5420 area should be used as a buying opportunity with proper stop loss for a target of 100 points from this level.
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Nifty Futures touched the resistance of 5480 in the early session and corrected from there towards the 5420 level. On the upside Nifty Futures seems to find the selling pressure emerging at 5480 level and a break of this level will take the market to a next crucial zone of 5550 – 5600. On the down side the level of 5350 seems to be acting as a s major support zone . Expect the Nifty Futures to trade in a range of 5350 – 5480 area for now
Our view on Nifty Futures is Bullish. Any dips towards the 5420 area should be used as a buying opportunity with proper stop loss for a target of 100 points from this level.
For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity.com and Register for a Free Trial
Thursday, July 22, 2010
NIFTY TRADING SYSTEM - AAKSHARSTOCK.COM
NIFTY FUTURES IN A VOLATILE TRADING MOOD……………….
NIFTY FUTURES opened today on a flat note @ 5388 in line with the US & Asian markets. It traded the first half of the session in a dull mode with a range of only 20 points, making an intraday low of 5375. Nifty Futures witnessed a sudden bout of buying pressure emerging in the later half of the session making an intraday high of 5459 , surpassing the previous high of 5354 made on 14.07.2010. It finally closed the day @ 5448 .
Nifty Futures has broken the narrow range of 5350 – 5420 of previous few trading sessions and have finally managed to close above the minor resistance of 5420. On the upside the next resistance now comes in at 5480 and thereafter at the crucial 5550 – 5600 zone . On the down side a break of the major support @ 5350 mark with good volumes and momentum will take Nifty Future all the way down to the next crucial level of 5250.
Our view on Nifty Futures is Bullish. Corrections in Nifty Futures toward 5380 area can be used as a buying opportunity with proper stop loss.
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NIFTY FUTURES opened today on a flat note @ 5388 in line with the US & Asian markets. It traded the first half of the session in a dull mode with a range of only 20 points, making an intraday low of 5375. Nifty Futures witnessed a sudden bout of buying pressure emerging in the later half of the session making an intraday high of 5459 , surpassing the previous high of 5354 made on 14.07.2010. It finally closed the day @ 5448 .
Nifty Futures has broken the narrow range of 5350 – 5420 of previous few trading sessions and have finally managed to close above the minor resistance of 5420. On the upside the next resistance now comes in at 5480 and thereafter at the crucial 5550 – 5600 zone . On the down side a break of the major support @ 5350 mark with good volumes and momentum will take Nifty Future all the way down to the next crucial level of 5250.
Our view on Nifty Futures is Bullish. Corrections in Nifty Futures toward 5380 area can be used as a buying opportunity with proper stop loss.
For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity.com and Register for a Free Trial
Wednesday, July 21, 2010
NIFTY TRADING SYSTEM
NIFTY FUTURES OPENED Today on a flat tone @ 5382 after the late recovery in US markets. It was stuck in a very narrow range of only 33 points ,making an intraday high of 5412 and intraday low of 5379 . Nifty Futures closed the day on a dull note @ 5399.
Nifty Futures is stuck in a very narrow range of 5350 – 5420 from last 7 days and is looking for a trigger to break out of this trading range. On the upside we have a minor resistance @ 5420 and there after the major resistance comes in between 5450 – 5480 zone and any movement pass through this price with good volumes will take Nifty Futures all the way towards our intermediate target level of 5600. On the down side a break and closing below the 5350 mark will take Nifty Futures towards a major support @ 5250 , which is acting as a major buying zone for now.
Our view on Nifty Futures is Flat to Bullish. Any dips in Nifty Futures toward 5350 area could be used as a buying opportunity with appropriate stop loss.
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Nifty Futures is stuck in a very narrow range of 5350 – 5420 from last 7 days and is looking for a trigger to break out of this trading range. On the upside we have a minor resistance @ 5420 and there after the major resistance comes in between 5450 – 5480 zone and any movement pass through this price with good volumes will take Nifty Futures all the way towards our intermediate target level of 5600. On the down side a break and closing below the 5350 mark will take Nifty Futures towards a major support @ 5250 , which is acting as a major buying zone for now.
Our view on Nifty Futures is Flat to Bullish. Any dips in Nifty Futures toward 5350 area could be used as a buying opportunity with appropriate stop loss.
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Friday, July 16, 2010
NIFTY TRADING SYSTEM
NIFTY FUTURES OPENED Today on a muted tone @ 5380.It made an intraday day low of 5371and very steadily gained ground to close the day above 5400 @ 5401.The intraday high for Nifty Futures was @ 5405.
Nifty Futures is consolidating its recent gains for an upmove towards higher levels.The most near term target for Nifty Futures comes in at 5500 level.There seems to be building a head and shoulder pattern on the intraday charts.The neckline of which comes in at 5350 - 5360 area.A close below this area, will swiftily take Nifty Futures down towards the 5230 support area.
Our view on Nifty Futures is Bullish for now.Only a close below 5350 will end the near term bullish sentiment and take Nifty Futures towards 5225.On the upside, we maintain our immediate target of 5500 zone.
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Nifty Futures is consolidating its recent gains for an upmove towards higher levels.The most near term target for Nifty Futures comes in at 5500 level.There seems to be building a head and shoulder pattern on the intraday charts.The neckline of which comes in at 5350 - 5360 area.A close below this area, will swiftily take Nifty Futures down towards the 5230 support area.
Our view on Nifty Futures is Bullish for now.Only a close below 5350 will end the near term bullish sentiment and take Nifty Futures towards 5225.On the upside, we maintain our immediate target of 5500 zone.
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Wednesday, July 14, 2010
NIFTY TRADING SYSTEM
NIFTY FUTURES OPENED TODAY on a slight positive tone @ 5427.It very quickly made a new intraday high @ 5453 and sold off almost the whole day.The selling gained momentum in the last hour and Nifty Futures broke below the 5400 mark and closed at almost the low point of the day @ 5283.
Nifty futures is going through a bout of Profit taking.Expect Nifty to consolidate in a narrow range of 100 points from the high's.There is minor support for nifty futures at 5320 area.And only a close below 5200 level will end this near term upmove.On the upside, Expect some resistance near today's high of 5450 zone , and thereafter @ 5500 mark.
Our view on Nifty Futurse is Positive.Today's selloff should be used to re enter Nifty Futures at lower levels with appropiate Stoploss.Our immediate target of 5500 level is still intact.
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Nifty futures is going through a bout of Profit taking.Expect Nifty to consolidate in a narrow range of 100 points from the high's.There is minor support for nifty futures at 5320 area.And only a close below 5200 level will end this near term upmove.On the upside, Expect some resistance near today's high of 5450 zone , and thereafter @ 5500 mark.
Our view on Nifty Futurse is Positive.Today's selloff should be used to re enter Nifty Futures at lower levels with appropiate Stoploss.Our immediate target of 5500 level is still intact.
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Tuesday, July 13, 2010
NIFTY TRADING SYSTEM
NIFTY FUTURES OPENED Today on a Flat note @ 5375 in line with the US & Asian markets. It spend the whole day consolidating in a narrow range of only 25 points, and the sudden bout of buying in the late session , lead Nifty Futures to an Intraday high of 5422 . It finally closed the day near the session high at 5419.
Slow and Steadily, Nifty Futures is grinding higher toward our immediate Target of 5500 mark. On the upside, with a continuous positive momentum , we could easily achieve the levels of 5600 – 5650 . On the downside , the near term support now comes in at 5320 mark. Only a close below the 5200 level will end the short term positive momentum and will take the Nifty Futures back towards the 5000 mark.
Our View on Nifty Futures is Bullish . Any dip towards the 5350 mark should be used as a buying opportunity for our immediate Target of 5500 level.
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Slow and Steadily, Nifty Futures is grinding higher toward our immediate Target of 5500 mark. On the upside, with a continuous positive momentum , we could easily achieve the levels of 5600 – 5650 . On the downside , the near term support now comes in at 5320 mark. Only a close below the 5200 level will end the short term positive momentum and will take the Nifty Futures back towards the 5000 mark.
Our View on Nifty Futures is Bullish . Any dip towards the 5350 mark should be used as a buying opportunity for our immediate Target of 5500 level.
For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity.com and Register for a Free Trial
Friday, July 9, 2010
NIFTY TRADING SYSTEM
NIFTY FUTURES OPENED Today on a very Bullish momentum at 5330 up by 25 points and market kept grinding higher slow and steadily.It made an intraday low of 5325.50 and an intrady high of the day was 5367.50.Nifty futures managed to hold above the 5350 mark through out the day and finally closed the at 5353.
Finally, Nifty Futures has managed to break out of the 2 weeks consolidation and managed to close above the triangle pattern.The weekly close on the charts is also very encouraging.Now, a close above today's high ie 5375 will add fuel to the fire and take Nifty Futures towards our intermediate target of 5550.On the downside, the support is at 5300 and only a close below 5200 will change the Positive near term trend of Nifty Futures.
Our View on Nifty Futures is Bullish for now.But heavy Buying will only emerge once Nifty Futures is able to take out the 5380 - 5400 zone.We could easily see the levels of 5550 if there is strong momentum with good Volumes.
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Finally, Nifty Futures has managed to break out of the 2 weeks consolidation and managed to close above the triangle pattern.The weekly close on the charts is also very encouraging.Now, a close above today's high ie 5375 will add fuel to the fire and take Nifty Futures towards our intermediate target of 5550.On the downside, the support is at 5300 and only a close below 5200 will change the Positive near term trend of Nifty Futures.
Our View on Nifty Futures is Bullish for now.But heavy Buying will only emerge once Nifty Futures is able to take out the 5380 - 5400 zone.We could easily see the levels of 5550 if there is strong momentum with good Volumes.
For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity.com and Register for a Free Trial
Wednesday, July 7, 2010
NIFTY TRADING SYSTEM
NIFTY FUTURES OPENED TODAY With a minor gap down of 10 points at 5288, this was the high point of the day and market kept drifting lower the whole day.It made a small attempt to pull back in the mid session but sold off towards the end.Nifty futures made an intraday low of 5235.50 and closed the day @ 5247.
This has been one of the most non event Two weeks as far as Nifty Futures is Concerned.A major break of the consolidation is needed for Nifty Futures to regain momentum on either side.The Lower support is at 5200 - 5220 area whereas the resistance is at 5320 - 5350 zone.The Higher time charts suggest an upside break out whereas vice versa intraday charts suggest a downside break down.
We are neutral for Nifty Futures, as a break out of the trading range is required for a confirmed trade on either side with proper stoploss.The medium term downside target measures to 4950 and the Upside target suggets all the way upto 5650 mark.
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This has been one of the most non event Two weeks as far as Nifty Futures is Concerned.A major break of the consolidation is needed for Nifty Futures to regain momentum on either side.The Lower support is at 5200 - 5220 area whereas the resistance is at 5320 - 5350 zone.The Higher time charts suggest an upside break out whereas vice versa intraday charts suggest a downside break down.
We are neutral for Nifty Futures, as a break out of the trading range is required for a confirmed trade on either side with proper stoploss.The medium term downside target measures to 4950 and the Upside target suggets all the way upto 5650 mark.
For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity.com and Register for a Free Trial
Tuesday, July 6, 2010
NIFTY TRADING SYSTEM - AAKSHARSTOCK.COM
Nifty Futures opened today on a flat note @ 5235 near yesterday’s closing price. It was almost the low point of the day and Nifty Futures continued its upward journey throughout the day. In the process, it even managed to get pass the 5300 mark, making an intraday high of 5314. It finally closed the day at the 5300 level.
Despite today’s good momentum , Nifty Futures is still struck in a Triangle pattern on intraday charts. It is almost 2 weeks ,since it is trading in a narrow range of almost 100 points. On the upside, the triangle pattern resistance comes in at 5320 and only a close above this level with good volumes will give a medium term target of 5600. Being cautious, watch out for a close below 5200 mark, as this will be bearish for Nifty futures and vulnerable to more losses towards the 5050 level.
Our view on Nifty Futures is Neutral . As it is stuck in a narrow of almost 100 points, it’s advisable to wait for a decisive break on either side of the triangle pattern , for a good 200 point move.
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Despite today’s good momentum , Nifty Futures is still struck in a Triangle pattern on intraday charts. It is almost 2 weeks ,since it is trading in a narrow range of almost 100 points. On the upside, the triangle pattern resistance comes in at 5320 and only a close above this level with good volumes will give a medium term target of 5600. Being cautious, watch out for a close below 5200 mark, as this will be bearish for Nifty futures and vulnerable to more losses towards the 5050 level.
Our view on Nifty Futures is Neutral . As it is stuck in a narrow of almost 100 points, it’s advisable to wait for a decisive break on either side of the triangle pattern , for a good 200 point move.
For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity.com and Register for a Free Trial
Monday, July 5, 2010
NIFTY TRADING SYSTEM
LACKLUSTRE TRADE IN NIFTY FUTURES DUE TO BHARAT BANDH………..
Nifty Futures , despite a rate hike on Friday , opened today on a flat note @ 5240. It spend the whole session in a very narrow range of 30 points , making an intraday high of 5265 and an intraday low of 5235. Nifty Futures closed the day almost unchanged @ 5246.
Nifty Futures is struck in a Triangle pattern on intraday charts, unless it breaks on the either side of it, we are in for some more consolidation in Nifty Futures.The downside support comes in at 5220 and a close below this level is required for Nifty Futures to test lower levels.And on the upside, close above 5320 area is required for the upside target of 5450 - 5500.
Our view on Nifty Futures is Negative .As there is so much emphasis on Out performance by our Markets, We are in for some serious melt down if IMPORTANT levels give way as there is lot of catching up to do.So be cautious, Bulls will only be back above 5350 level.
For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity.com and Register for a Free Trial
Nifty Futures , despite a rate hike on Friday , opened today on a flat note @ 5240. It spend the whole session in a very narrow range of 30 points , making an intraday high of 5265 and an intraday low of 5235. Nifty Futures closed the day almost unchanged @ 5246.
Nifty Futures is struck in a Triangle pattern on intraday charts, unless it breaks on the either side of it, we are in for some more consolidation in Nifty Futures.The downside support comes in at 5220 and a close below this level is required for Nifty Futures to test lower levels.And on the upside, close above 5320 area is required for the upside target of 5450 - 5500.
Our view on Nifty Futures is Negative .As there is so much emphasis on Out performance by our Markets, We are in for some serious melt down if IMPORTANT levels give way as there is lot of catching up to do.So be cautious, Bulls will only be back above 5350 level.
For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity.com and Register for a Free Trial
Friday, July 2, 2010
NIFTY TRADING SYSTEM
NIFTY FUTURES IN A CONSOLIDATION MODE........................
NIFTY FUTURES OPENED Today very flat near yesterday's close at 5254.It spent the whole day in a very narrow range of only 44 points.Nifty futures made an intraday high of 5284 and an intrady low of 5240.It met with some selling pressure towards the end thus closing the day @ 5243.
As mentioned yesterday, Nifty Futures is struck in a Triangle pattern on intraday charts, unless it breaks on the either side of it, we are in for some more consolidation in Nifty Futures.The downside support comes in at 5220 and a close below this level is required for Nifty Futures to test lower levels.And on the upside, close above 5320 area is required for the upside target of 5450 - 5500.
Our view on Nifty Futures is Negative .As there is so much emphasis on Out performance by our Markets, We are in for some serious melt down if IMPORTANT levels give way as there is lot of catching up to do.So be cautious, Bulls will only be back above 5350 level.
For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity.com and Register for a Free Trial.
NIFTY FUTURES OPENED Today very flat near yesterday's close at 5254.It spent the whole day in a very narrow range of only 44 points.Nifty futures made an intraday high of 5284 and an intrady low of 5240.It met with some selling pressure towards the end thus closing the day @ 5243.
As mentioned yesterday, Nifty Futures is struck in a Triangle pattern on intraday charts, unless it breaks on the either side of it, we are in for some more consolidation in Nifty Futures.The downside support comes in at 5220 and a close below this level is required for Nifty Futures to test lower levels.And on the upside, close above 5320 area is required for the upside target of 5450 - 5500.
Our view on Nifty Futures is Negative .As there is so much emphasis on Out performance by our Markets, We are in for some serious melt down if IMPORTANT levels give way as there is lot of catching up to do.So be cautious, Bulls will only be back above 5350 level.
For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity.com and Register for a Free Trial.
Thursday, July 1, 2010
NIFTY TRADING SYSTEM
NIFTY FUTURES OPENED Today on a negative tone in lines with Dow jones @ 5270, down by almost 50 points.It made an early intraday high at 5275 and melted down towards the support zone of 5200.Nifty Futures made a low of 5231, but managed to gain ground and closed the day @ 5259.
Nifty Futures has made a triangle formation on the intraday charts.A close below 5220is required to break below the triangle pattern giving us a target of 5100. And if the momentum continues, we could slide all the way down towards 4950 area.On the upside , we could test resistance at 5320 zone now.But only a close above 5350, will lead to a major recovery.
Our view on Nifty Futures is Negative. Any rise of Nifty futures should be used as an opportunity to short the Market with a stoploss of 5350.
For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity.com and Register for a Free Trial.
Nifty Futures has made a triangle formation on the intraday charts.A close below 5220is required to break below the triangle pattern giving us a target of 5100. And if the momentum continues, we could slide all the way down towards 4950 area.On the upside , we could test resistance at 5320 zone now.But only a close above 5350, will lead to a major recovery.
Our view on Nifty Futures is Negative. Any rise of Nifty futures should be used as an opportunity to short the Market with a stoploss of 5350.
For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity.com and Register for a Free Trial.
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