Yesterday I told you Selling pressure will Create 6146 to 6152
Taking small losses is much better than taking big losses. Letting your profits run is much better than cutting them off prematurely.
Last Close:6104.05
What is for Today? “Technically looks like our downside target of 6000 is within reach” the market unfolded weak as expected and saw the low at 6074 and has closed in the red…technically the market is still looking weak and I would doubt the up move if it happens…”
The support for Nifty is at 6000-6050 and the resistance up to 6150-6200
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The daily charts of both gold and silver are beginning to show some bullish signs. On Sunday night, silver plunged about two dollar an ounce, but there wasn’t much volume, which is bullish huh. And on Monday, silver move like “Skyrocket” because action is not taken to reduce government debt. Oh yes, Monday’s trading volume was truly massive and there is now a “key reversal” day visible on the silver chart. See below MCX Silver chart.
You can see on above chart, silver is looking bullish for one-two weeks. If silver cross and close above 45,504 level then it will kiss 50000 level in few trading session. Let’s talk about this week, silver is looking strong and will kiss step by step 43751-44337-44997-45504. Where should I take position on silver? Sorry, I will say to subscribers with stoploss.
See above the gold chart and it is beginning to display a bullish hook. As I mentioned on above chart, just follow the trend. More information about Gold for subscribers.
For smart traders beck is enough: since late 2012 the S&P 500 has been on a nonstop rise, while gold has gone the other way…
See below MCX Crude oil chart and get the future!
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Yesterday, I told your Sell on raise (High of NF 6189) and Short Sell Targets given as 6111 to 6094 (Exact achieved Targets with low of 6106) : SEE “Our Targets for Nifty future 6111 and 6094 for short seller” Click herefor more details of yesterday prediction.
Sell Nifty Future 6230 and Profit Booked at 6111 = 119 Points
What is for Today?
Technically one can short at higher levels considering 6169 as hurdle keeping strict stop loss of 6206. On the lower side major unwinding will happen below 6090, break below will take it down to 6038 or even 6006 are very much possible!
Fresh buying will possible only, 6200 above…
As per exact predicted, NF trend is down. Fresh positions may be avoided. If you are ready to take Risk, then Short SELL NF 6162 to 6173, Exit from short 6187 above… Targets 6111 and if below 6111, then, NF will take 6082-6068.
Yes, I want to inform you that Selling pressure will create 6146 to 6152…if not happen…then NF can fire 6078 to 6085.
Long Term prediction on Nifty Future:
Don’t be suprise if NF will 6565 to 6637 coming days…
Short selling will born only around 6300 for short term only
Just Click Herefor complete Research on Positional Nifty Future.
* Nifty future can open positively Gap of 19-27 points up.
* It is very important to see what is happening from the foreign institutional investors (FIIs) front.
* Nifty closed down 42.80 points at 6114.10 while Nifty futures closed at 6116.90, premium of 2.80 points. FIIs bought in Cash, net buy 679.44 Crore while DIIs sold in Cash, net sell 866.70 Crore. FIIs bought in Index future, Index Option but sold in Stock futures, net buy 530.38 Crore.
* FIIs bought 66591 contracts of Index futures and sold 54082 contracts of Index futures which come to net buy of 12509 contracts worth 384 Crores with net open interest increasing by 27881 contracts.
* Considering all above facts it seems that FIIs once again went short in Index futures… They were buyer in CNX IT.
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Initial Public Offer (IPO) is when an private company can be registered on the stock market with its securities in the prime market.
A primary market is one that issues new securities on an exchange. The primary markets are where investors can get first crack at a new security issuance. The issuing company offers its even handedness to investors or groups and receives cash proceeds from the sales, which is then used to stock processes or expand the business. It is the largest cause of funds with long or unlimited development for the company.
The purpose of an IPO may be related to the activities of the company or create new projects or other object that would be identified by the Company in its offer document, or just to get its existing equity shares listed by reducing the stake of existing equity of investors through their offers. This Initial Public Offering can be made by the static price system and book building . Sometimes ,it can be made through the combination of both. In that case, the issuer chooses to issue securities through the book building route, then as per SEBI guidelines.
Best uses of IPOs are sponsoring the growth of business or service volume or advertising activities that have immediate effect on earnings; also, providing a company with increasing sales, as a layer of working capital to fund growing inventory or accounts receivable. IPO funds can be used to finance research and progress, but stock prices incline to decline during long periods of product development, which in turn produces a new set of challenges for organizers or senior management.
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