Category Archives: Nifty50

Nifty rallies on back of rupee recovery, nifty technical analysis

By | August 23, 2013 9:08 pm

FIIs sold 24369 contracts of Index Future (Entered fresh shorts in 7061 contracts and booked profit in  17308 Longs) worth 662 cores with net Open Interest decreasing by 10247 contracts. So as per data analysis, FII’s are still entering in fresh shorts  in NF and BNF,The rally we saw today was backed by short covering and fresh… Read More »

Nifty Weekly Analysis for week starting 5-9 Aug.

By | August 4, 2013 2:01 pm

Last week we gave Trend Deciding level as 5898 Nifty  Nifty achieved all 3 target on  on downside :).The stock market remains closed on Friday, 9 August 2013, on account of Ramzan Id.  Nifty Hourly Chart Nifty Hourly charts trading in perfect down trending channel,Break of channel comes above 5761 on closing basis.  Nifty Gaps… Read More »