Nifty Future Update: No recover seen yet

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(last close 5291.60)

You get recessions, you have stock market declines. If you don’t understand that’s going to happen, then you’re not ready, you won’t do well in the markets.- Peter Lynch

Nifty closed down 98.90 points at 5302.55 while Nifty future closed at 5291.60, a discount of 10.95 points. FIIs sold in Cash, net sell 792.11 Crore while DIIs bought in Cash, net buy 775.45 Crore. FIIs bought in Index future, Stock future but sold in Index Option, net buy 1286.38 Crore!

RBI steps taken on Yesterday Helped Bulls to see a gap up, But Bulls not able to sustain that level. Bear played the rest of the game. Day’s high was at 5498.70 and the low was at 5257.60, and the close was at 5291.60.

Yesterday we told…!

Yes, we told NF will make new high. And in the morning itself  made, 5471.  We told if cross 5500 then will move up, but it could not cross the  5500 and made day high of  5498.70.

What for Today …?

Now recover is  yet possible in Nifty Future as market is towards making month low.

Quite possibility are seen that it will kiss the next level 5188. According to Technical Analysis 

Reference here which we updated earlier.

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Nifty Future Update on 21 August 2013

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(last close 5398.25)

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 Yesterday we told buyer to enter at the  5368  and even deep buy at 5340.

Nifty future Today…?

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

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

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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

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 the 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

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Nifty Future Update:Bear’s fight back?

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(last close 5748.30)

When I was young I thought that money was the most important thing in life; now that I am old I know that it is. ~Oscar Wilde

Nifty closed up 43 points at 5742.30 while Nifty future closed at 5748.30, a premium of 6 points. FIIs bought in Cash, net buy 247.96 Crore while DIIs bought in Cash, net buy 249.28 Crore. FIIs bought in Stock future, Index Option but sold in Index future, net buy 1555.56 Crore!

Yes we told!

On Wednesday we told Buying presser will be seen at  5717.

Nifty Future  we gave this level 5733-5748-5765

what we saw it check both first two level and made day high at, 5759.

Now! What for Today.?

Today  we feel that Nifty future will show level in favor of Bear.

If  it Fails to protect 5678 then we will see downside near 5661-5649 is possible.

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Nifty Future update:forget worries Bull!

images-9(last closes:5714.05)

The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective. -Warren Buffett

What for today.?

 Nifty Future we said it will march to level of 5665 and if stay above

will make new high, and we saw high of… 5717 after 12 red  days .

Today Nifty Future we see buying pressure above 5717 at yesterday high. 

Quite possible  we see new level upside 5733-5748-5765.

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Free Nifty Future Update

 download-Copy (Last close 5589.70)

Nifty closed up 46.55 points at 5565.65 while Nifty futures closed at 5589.70, premium of 24.05 points. FIIs sold in Cash, net sell 395.78 Crore while DIIs bought in Cash, net buy 516.15 Crore. FIIs sold in Stock future, Index Option but bought in Index Future, net sell 805.87 Crore!

5 Yes.! We told on Thursday that lower side at 5542 and made low of 5541.

What for Today..? Thursday Nifty future closed in positive which shows possibility of reversal. Today Nifty Future After a long waiting, bull may find a way to upside 5620 and trade above it will take 5665 . if cross over level then we will see a new high.

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