Nifty Future Update as on 3- sep-2013

Untitled-2-copy.jpg( last close 5554.60)

[sws_blockquote_endquote align=”” cite=”” quotestyle=”style02″] My experience indicates that most people who’ve accumulated a great deal of wealth haven’t had that as their goal at all. Wealth is only a by-product, not the original motivation. – Michael Milken [/sws_blockquote_endquote]

 Nifty closed up 78.95 points at 5550.75 while Nifty future closed at 5554.60, premium of 3.85 points. FIIs bought in Cash, net buy 475.92 Crore while DIIs sold in Cash, net sell 285.81 Crore. FIIs bought in Stock future, Index future but sold in Index future, net buy 996.42 Crore..!!!

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Yesterday we told…!

Yes noon we updated weekly chart showing fresh position for bull’s.

We said  5535 is the point to be watch out very care fully if it crosses conformation for bullish trend.

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What for Today…?

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Today Nifty Future strongly favoure bull to gain.

Nifty will possibly check the 5600 if the movement remain same

we surly check level indicated in weekly chart of 5642.

 soon the 5700 very much possible.

We have taken position on Call of 5500 Nifty future

nifty todayHere is a graph showing up trend for short term,.. Yes this is also bounce back… let see tomorrow.

We have taken position on Call of 5500 Nifty future as per this chart.

 

Nifty-today-Future

 

Nifty Future Update on 21 August 2013

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(last close 5398.25)

[sws_blockquote_endquote align=”” cite=”” quotestyle=”style02″] My experience indicates that most people who’ve accumulated a great deal of wealth haven’t had that as their goal at all. Wealth is only a by-product, not the original motivation. – Michael Milken [/sws_blockquote_endquote]Yesterday we told buyer to enter at the  5368  and even deep buy at 5340.

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Nifty future Today…?

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Today NF may recover a bit as yesterday we saw a U turn in Nifty. 

Possible a gap up may seen today. Nifty Future make up move  & may create  new high if cross 5471 and after that  5500  and still more is possible.

 

Don’t create Fresh Short selling

“By the Law of Periodical Repetition, everything which has happened once must happen again, and again, and again — and not capriciously, but at regular periods, and each thing in its own period, not another’s, and each obeying its own law… The same Nature which delights in periodical repetition in the sky is the Nature which orders the affairs of the earth. Let us not underrate the value of that hint.” ~ Mark Twain

overnight

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1) 50% Retrenchment created at 5391.

2) Lower Trend line Channel is at 5360.

3) Possibility of  5188 after breaking Lower Trend-line Channel.

 

As shown in chart below that you are seeing nifty weekly chart is just at lower channel support and 50% Retracement level is also placed around that zone. There are very low chances of bounce back yet, you should not create fresh short selling position. Look on chart (Buyer can enter 5340 to 5368 with stoploss of 5300)

nifty-future-short-position

TATA STEEL :Hit’s all Target

tata-steel

(last close:241.90)

[sws_blockquote_endquote align=”” cite=”” quotestyle=”style01″] There are two tragedies in life. One is to lose your heart’s desire. The other is to gain it.  – George Bernard Shaw [/sws_blockquote_endquote]

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Tata steel  yesterday achieved intraday target of.. 242.

Today achieved all  target of 245-247-250 and made day high of 264.

Update: Today’s Guesstimate Stock (TATA STEEL)

steel_earth

(Last close:227)

TATA STEEL(Stock future)

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Just watch 234-235 and maximum deep buy at  232.
go for target 242 today, and will touch 245-247 and 250 in coming days.

Keep Stoploss of 228 for intraday.
Risk involve in this stock  if trade or close below 220.