Nifty Daily Chart Nifty Daily chart is forming a rising wedge formation,which has broken on downside. Rising Wedge are bearish formation and we need to see follow up down move below 6100 for pattern to shown its true color. Nifty Gaps For Nifty traders who follow gap trading there are 5 trade gaps in… Read More »
FIIs sold 30336 contracts of Index Future (sold 16185 long contract and 14151 shorts were entered ) worth 933 cores with net Open Interest decreasing by 1726 contracts.Fall has been not swift but slow and steady decline in Intraday, suggesting traders are still bullish in market and using dips to Buy, but all intraday rallies are getting… Read More »
FIIs sold 24006 contracts of Index Future (sold 11849 long contract and 12157 shorts were entered ) worth 764 cores with net Open Interest decreasing by 393 contracts.So FII’s have slowly started entering shorts in Index Futures. Nifty as per History corrected the day after Mahurat trading,and is now approaching the crucial demand zone of 6230-35, Holding… Read More »
FIIs bought 6001 contracts of Index Future (bought 16994 long contract and 10993 shorts were entered ) worth 194 cores with net Open Interest increasing by 27987 contracts.So with rise shorts were also added by FII’s. Nifty made a fresh 52 week high today at 6270 and Sensex closed above 21000, has reached near to the highly… Read More »
Last Week we gave the Weekly Trend Deciding level as 6207 Sensex Nifty for whole 5 days failed to close above 6207 and did 1 target on downside is quiet range bound week of recent times . Nifty has formed 4 DOJI candlestick pattern in last 5 session suggesting an confusion in market participants and… Read More »
FIIs sold 8509 contracts of Index Future (bought 768 long contract and 9277 shorts were entered ) worth 255 cores with net Open Interest increasing by 10045 contracts.So FII’s have slowly started entering shorts in Index Futures on more aggressive basis and one day before the crucial RBI event. Nifty after forming a gravestone DOJI formation yesterday… Read More »
FIIs sold 2302 contracts of Index Future (bought 5817 long contract and 8119 shorts were entered ) worth 68 cores with net Open Interest increasing by 13936contracts.So FII’s have slowly started entering shorts in Index Futures.IN our yesterday Option analysis FII have taken long in PE and today even though we saw a 52 Week High on… Read More »
Sensex is 300 points from its all time high and Nifty trading at 3 year high, Lets analyze how to trade Nifty in coming week. Nifty Daily Chart Nifty Daily chart is forming a rising wedge formation, Pattern gets invalidated on close above 6207. Any close above 6229 will take nifty to next supply zone… Read More »
Last week we gave Trend Deciding level as 5946 Nifty Nifty achieved 2 weekly target on upside and 1 weekly target on downside so traders were able to capture both upside and downside move :). IIP data was a big shocker August #IIP growth at 0.6% vs 2.6% in July and No Deal on US Debt… Read More »
Last week we gave Trend Deciding level as 5785 Nifty Nifty achieved 2 weekly target on upside and 1 weekly target on downside so traders were able to capture both upside and downside move :). September 2013 corporate earnings will start with Infosys reports Q2 results on Friday, 11 October 2013. IIP data will also… Read More »