Is Nifty Future Trend Closer To The Start Up Move?

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Last Close:5705Investing Quote… “The Tape Reader’s profits should develop naturally. He should buy or sell because it is the thing to do – not because he wants to make a profit or fears to make a loss.” ~ Richard D. Wyckoff

 Nifty closed down 49.95 points at 5677.90 while Nifty futures closed at 5705.55, a premium of 27.65 points. FIIs bought in Cash, net buy 283.79 Crore while DIIs sold in Cash, net sell 340.60 Crore. FIIs bought in Index Option, Stock future but sold in Index future, net buy 771.35 Crore.

I think it’s now time to start to looking for a possible top, a top that might surprise many bulls.

Ideally a small deep is seen on Monday then a  rally and if close in green in next 1-2 days will take rally up to 5860-5900.

The negatives are:

Closing below 5700 will problematic for Nifty Future.

What For Today

Nifty is trading  now at its crucial support . Technically in chart , Today Nifty Future  feel strong support at 5719-5694 .

and if sustain above 5760 then rally will up to 5782  and above  5782  it is  possibility for the up move up to 5830.

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Great Opportunity on Nifty future…!

30th July 2013  – SOLD Nifty Future 5905 and Booked Profit 5719-32 on 31st July 2013

https://moneymunch.com/stress-in-the-nifty-future-sellingbuying/

I told you Yesterday(31th, July 2013) to Buy Nifty future 5715 for targets 5823 (high 5847) :

https://moneymunch.com/nifty-future-for-you-book-profit-on-short-call/

We are on long(Buy) position on ADANIENT (Cash NSE) at 168 Today Morning (01 Aug, 2013):

https://moneymunch.com/adanient-some-good-indicator-just-grab-it/

Investing Quote

“At long as a stock is acting right, and the market is right, do not be in a hurry to take profits.” ~ Jesse Livermore Trading Rule “The four most dangerous words in investing are ‘This time it’s different’.” ~John Templeton

In my previous update, we wrote, short sell nifty future 5905 for targets 5705 (Achieved).  In last 6 days of fall we seen some supporting activity near 5700 zones on the chart in last two days activity but price did not sustain above 5850.

Here is two Scenario:

1. Side way  possibility 5688 to 5967

2. Falling from 5867 to downside 5673 to 5644 and more

nifty-chart

Just, look on chart and try to use levels

Yes, we are long in market… for targets 5828 to 5858 (Again)

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Yes, one more thing, I want to clear with you “in the coming days, probability to seen great opportunity for selling 5850 or 5950 for targets 5600 and 5500”

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Nifty Future Update : Will Bull hold hard?

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(last close 5781.05)

How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case. – Robert G. Allen

 Nifty closed down 13.05 points at 5742 while Nifty futures closed at 5781.05, a premium of 39.05 points. FIIs bought in Cash, net buy 142.87 Crore while DIIs sold in Cash, net sell 128.02 Crore. FIIs sold in Index future, Stock future but bought in Index Option, net sell 304.41 Crore!

yesterday we told that NF will break to the level of 5735 and yes…

we saw that level and made low 5675 quite close to our level 5669. 

we said to book profit to our subscriber. Click here

What for Today…?

Today, Nifty Future  get support at 5698

and revers is seen of nifty.

yesterday, we asked when will nifty stop favoring bear and

we got the answer soon so bull have to

hold hard seem to go 5820-5842.

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Nifty Future Update : When the Nifty Future Stop favoring bare?

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(last close 5797.55)

The older I get, the more I see a straight path where I want to go. If you’re going to hunt elephants, don’t get off the trail for a rabbit. – T. Boone Pickens

 Nifty closed down 76.60 points at 5755.05 while Nifty futures closed at 5797.55, a premium of 42.50 points. FIIs bought in Cash, net buy 256.45 Crore while DIIs sold in Cash, net sell 415 Crore. FIIs sold in Index future, Stock future but bought in Index Option, net sell 14.83 Crore.

What for Today?

Nifty Future still seems to weak and bears are in  party mood. Continue downtrend consequently on the 6th Day which shows there is no Sign of positive change in Today’s market, So the level of possibility is 5735-5669.

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Stress in the Nifty Future! Selling/Buying?

 nifty-analysis

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1) 200 Days moving average is ahead at 5856

2) Economics news and Reserve Bank of India monetary Policy on 30th’ July 2013.

3) Nifty future closed at Support area(5870).

4) Weakness below 5830 and Strength above 5950.

5) Technically, Sell signal and a violation at 5905 to 5917 this is a good sell signal usually But for now the presence of 200 MA should make the bear cautious of a bounce.

6) Keep Profit booking 50-70 Points in any side of trade

7) You will be seen very soon bounce back in nifty future 70-90 points up from low(Expected bounce  from 5838 to 5918-37)

More Detail for subscribers only. If necessary, I’ll update live

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Today’s Winning Stroke -” Follow Levels and then Money will follow you”

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Sell NF 5906 to 5943 and Go for targets 5857 – 5842 & suppose to trade below 5840…then hold short position for targets 5789 below

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