Nifty Future Daily View Above 5924 we see rally up to 5937-5943

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Nifty Future

(Updated at 08.10 AM)

Above 5924 we see rally up to 5937-5943.

If trades above 5943 with vol then see even

higher levles at 5968-5981.

5943-5968-5990 are today’s Targets & hurdle for intraday.

Strong hurdle at 5980-6010 zone.

Be cautious in long at this zone.

Support at 5898-5892 for intraday.

Crucial support at 5892-5886 zone.

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The Strongest Market Signal

The two approaches to market timing—predictive and confirming—almost always give conflicting signals when analyzing movements of the same time domain. That is okay because they are used for different purposes and have different goals. If contrary opinion says that the market has reached bottom over the intermediate term, the other approach—trending indicators for the intermediate term—almost always indicates that the trend is still down. This is normal. Why? Because it is normal that investors become very bearish (furnishing us with buy signals using contrary opinion)as prices are plummeting and at their low. The large price drop makes the trend indicators point down, but the predictive indicators are showing that the end of the decline has been reached, and higher prices are ahead. However, there are times when the two approaches do not give conflicting signals, and these are very important to note. When predictive indicators such as contrary opinion strongly indicate higher prices, and the confirming indicators have already confirmed the start of a slight uptrend, that is the strongest buy signal there is. There is nothing more reliable or important than when this unusual situation happens. Why is this so? It is expected that, as prices move up, more and more investors will become bullish. When, however, the bearish sentiment stays high or even moves higher than prices also move higher, that is not expected, and so it is the sign of a very strong stock market. At these moments, what is happening is that no one believes the upward price movement is real or that it will last. This skepticism is the fuel needed to keep the movement going, usually for some time. The same holds true when both categories of indicators are confirming that prices are declining. If contrary opinion is extremely bullish and stock prices have already started down, so much so that trend-following indicators are confirming the downtrend, there is no more reliable or important sell indicator.

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End of Day Commentary and Overview on Nifty

Today in morning post on Nifty Fut written that

if trades above 5892 & sustains then see rally up to 5908-5929.

Nifty future made high at 5934.90.

Now hurdle is at 5924-5938. Decisive crossover may take it to 5955-5965.

IOB Q4 net tanks 89% on higher provisions, shares drop 7%

state-owned Indian Overseas Bank (IOB). The fourth quarter net profit (January-March) year-on-year tanked nearly two-fold to Rs 59 crore.

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Nifty Future for 1-3 Days of Trading Session

Ready for Short Selling by Intraday and Short Term Traders,…

 gold charms

Now, Question is what the market turning points?

Just watch careful 5918 and 5928 and 5937!

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Tradeable opportunity seen In Cipla

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