Free Stock market / Nifty intraday tips, FREE Stock, Commodity & Forex tips

Nifty Future for 22 Oct. 2013



Lesson For Trading

There are lots of items to choose. The markets are not a simple place to create money at will, in agreement markets like futures and choices it is a zero-sum game. Which means for you to make money someone else has to miss money, there is someone on the other side of each business, you have to be right, and they have to be wrong for you to create money. If you purchased a stock, and then it goes up then the person you bought it from missed out on the profits that you just made. The market can go in both directions, not just up. Stock investing is a lot like the game of survivor, you have to out with, out last, and our play to make money in the long term.

Last Close : 6226.15

Yesterday FIIs bought 55720 contracts of Index futures and sold 50325 contracts of Index futures which come to net buy of 5395 contracts worth 167 crores with net open interest increasing by 6779 contracts.

Thinking about all preceding details, it seems that FIIs did short covering in Nifty Futures and still in Bank Nifty, Still no indication of fresh long.

Huge buying from FIIs is the top reason why a Nifty future is now above 6200 mark. Global liquidity supported the market, therefore now trading at 3 year high! As per data with SEBI, FIIs so far in 2013 had invested Rs.80174 Crores!

What for Today And for Future Days?

Now for upcoming few days we see a range in Nifty future, may be 6143 on the lower side and 6350 maximum on the upper side! Market likely to stay very changeable in coming months.

On specialized charts, it seems that Zig Zag pattern, which started from the lows of 5118, is in its last leg of upmove which has an instant target of 6282.

Theoretically saying, the Nifty has crossed the 6150 mark and now faces resistance at the May 2013 highs at 6239.

To become a subscriber, subscribe to our free newsletter services. Our service is free for all.

Get free important share market ideas on stocks & nifty tips chart setups, analysis for the upcoming session, and more by joining the below link: Stock Tips

Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.

Disclaimer: The information provided on this website, including but not limited to stock, commodity, and forex trading tips, technical analysis, and research reports, is solely for educational and informational purposes. It should not be considered as financial advice or a recommendation to engage in any trading activity. Trading in stocks, commodities, and forex involves substantial risks, and you should carefully consider your financial situation and consult with a professional advisor before making any trading decisions. and its authors do not guarantee the accuracy, completeness, or reliability of the information provided, and shall not be held responsible for any losses or damages incurred as a result of using or relying on such information. Trading in the financial markets is subject to market risks, and past performance is not indicative of future results. By accessing and using this website, you acknowledge and agree to the terms of this disclaimer.

Previous ArticleNext Article
Mr.Guru(s) is a team of stock market certified technical and research analysts with over 20 years of experience. They are regular guests on popular online channels and contribute articles to several financial publications. Their insights and advice are respected by investors worldwide. With their collective knowledge and expertise, they have a proven track record of successfully predicting market movements and identifying profitable opportunities.

Join Today (Free): Stock & Nifty Tips

Write a Comment

Comment Policy: We love comments and appreciate the time that readers spend to share ideas and give feedback. However, all comments are manually moderated and those deemed to be spam or solely promotional will be deleted. Your email address will not be published. Required fields are marked *