[sws_blockquote_endquote align=”” cite=”” quotestyle=”style02″] 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 [/sws_blockquote_endquote]
Nifty closed up 4.75 points at 5476.50 while Nifty futures closed at 5467.10, discount of 9.40 points. FIIs sold in Cash, net sell 607.43 Crore while DIIs bought in Cash, net buy 409.99 Crore. FIIs sold in Index future, Index option but bought in Stock future, net sell 1316.70 Crore..!!!
Yesterday we told…..!
Yes we told Nifty Future will check the level arround 5500 and with the same movement if it forward the will kiss 5525, and what we saw it kiss 5525 and made high of 5526 that is exactly close.
Nifty future suddenly took reverse position in last 20 -25 mint.
What for Today…?
Today in Nifty future we see trend to move down then
may go below yesterday close 5454.
Then very much possibility to check this level 5422- 5416.
[sws_blockquote_endquote align=”” cite=”” quotestyle=”style02″] They who are of the opinion that Money will do everything, may very well be suspected to do everything for Money. ~George Savile [/sws_blockquote_endquote]
Nifty closed up 63.30 points at 5471.75 while Nifty future closed at 5460.70, discount of 11.05 points. FIIs sold in Cash, net sell 148.57 Crore while DIIs bought in Cash, net buy 755.87 Crore. FIIs bought in Stock future, Index Option but sold in Index future, net buy 723.22 Crore..!!
Friday we update..!
Previous day we told Nifty Future turn it move upward and level’s Highlighted on chart were 5575-5622 clickhere.
What for today..?
Nifty Future taken U turn and on Friday made awesome high of 5467.
Closing quite close to day high at 5464.
Today NF will check the level arround 5500 and with the same movement if it forward the will kiss 5525-5537.
Quite possibility are seen that it will chedk our first level of 5575 .
[sws_blockquote_endquote align=”” cite=”” quotestyle=”style02″] 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 [/sws_blockquote_endquote]
Nifty closed down 98.90 points at 5302.55 while Nifty future closed at 5291.60, 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 . Days 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 …?
No 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
[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.
Nifty future Today…?
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.
“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
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)