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Just as a cautious businessman avoids investing all his capital in one concern, so wisdom would probably admonish us also not to anticipate all our happiness from one quarter alone. – Sigmund Freud
Nifty closed up 7.50 points at 5685.40 while Nifty futures closed at 5723.60, a premium of 38.20 points. FIIs bought in Cash, net buy 33.35 Crore while DIIs sold in Cash, net sell 303.13 Crore. FIIs sold in Index future, Index Option but bought in Stock future, net sell 732.37 Crore.
yes, We told yesterday that if Nifty future closing below 5700 will be problematic. we gave support at this level 5719-5694 and NF made the low of 5695.55
what for today.?
Today nifty future will open below yesterday’s low or around 30-40 point down. As NF goes down, we will get Support near 5678-5694 .and up move will take it up to 5774-5800.
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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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“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
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”
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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