Nifty Future Update: Trader’s Too scary.!!

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(last close:5284.80)

 The most difficult thing is the decision to act, the rest is merely tenacity. The fears are paper tigers. You can do anything you decide to do. You can act to change and control your life; and the procedure, the process, is its own reward. – Amelia

Nifty closed down 189.05 points at 5287.45 while Nifty futures closed at 5284.80, a discount of 2.65 points. FIIs sold in Cash, net sell 1373.99 Crore while DIIs bought in Cash, net buy 480.50 Crore. FIIs sold in Index future, Index Option but bought in Stock future, Net sell 285.26 Crore.

Yesterday we told…!

Yes we told that NF will check this level 5422- 5416. Nifty Future made the low 5256.90 previously it got support from here 5250. This level is too scary, trader wait and watch what  we see further!

What for Today.?

Today in Nifty future we strongly we see

new level downward 5239-5178,and if keep same movement

quite possible to check this level 5136.

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Nifty Future Update

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(last close 5460.70)

They who are of the opinion that Money will do everything, may very well be suspected to do everything for Money. ~George Savile

Nifty closed up 63.30 points at 5471.75 while Nifty future closed at 5460.70, a 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 moves upward and level’s Highlighted on  chart were 5575-5622 click here.

What for  today.?

Nifty Future  taken U turn and on Friday made an awesome high of 5467.

 Closing quite close  to day  high at 5464.

Today NF will check the level around 5500  and with the same movement if it  forwards they will kiss 5525-5537.

Quite possibility are seen that it will check our first level of 5575.

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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 bounced back. let see tomorrow.

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

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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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