Intraday & Short Term View on JindalSteel future

This stock performing as bullish trend  in long term. Therefore, This time having great opportunity to take buying position.

Look on chart and try to take your own position as per your own risk.

jswsteel-future

This stock is trading at 930 in NSE future, and we missed 909 zone of entering into long. I hope you can also enter into good levels.

Herein two scenario;

Buying in support zone 901 to 908

OR

Enter into deep today 926 below and Targets are mentioned in chart…

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Trade Better After Understand Nifty Index Updated 16th, Dec. 2013

Nifty on Friday closed down 68.65 points at 6168.40 while Nifty future closed at 6197.75, a premium of 29.35 points. FIIs sold in Cash, net sell 432.05 Crore while DIIs sold in Cash, net sell 45.07 Crore. FIIs sold in Index future, Stock future but bought in Index Option, net sell 609.57 Crore!

 Stock markets are likely to remain choppy this week ahead of the Reserve Bank of India’s mid-quarter review of monetary policy and a meeting of the US Federal Reserve that could decide on tapering its stimulus program.

The Sensex lost 280 points in the week to Friday, while the 50-stock Nifty fell 91 points during the period. Now for this wee Nifty will holds immediate support at 6100 levels. The recent fall in the markets has pushed some index majors in oversold territory. Hence, most indicators are in favor of technical rebound in the markets.

What is for Today?

Nifty future Support : 6160 to 6178

Technical Nifty can test 6233 to 6256 (“Sell on Rise” continues till below “6243-51”)

Trading is better on support and resistance level with stop loss.

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Trading Strategy For 28th Nov’2013

nifty futureAbove is a Daily Chart of Nifty Future.

Today’s Hurdle at 6096——-6096 level.

Now, Once crosses 6096 with volumes and trades above this level for 20 minutes…Then 

Rally up to 6116 – 6122 is possible !

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Nifty Intraday and Positional View

nifty-tips
Yesterday FIIs involved in intraday trading bought 43430 contracts of Index futures and sold 41132 contracts of Index futures which come to net buy of 2298 contracts worth 72 Crores with net open interest increasing by 18512 contracts.

Positional View of Nifty future: Any move above 6260 will force nifty to jump up to 6500 level very sharply. Until unless nifty break 6110 level towards downside, my very short term view will be positive.

Intraday What is Nifty future?

Resistance 6239 to 6247

Targets 6178 to 6164

Suppose trading and closing above 6222… then tomorrow resistance will be 6268 to 6281.

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Nifty Future For 12th, Nov. 2013

nifty-tips

Nifty Future Support 6109 as mentioned in chart

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