[sws_blockquote_endquote align=”” cite=”” quotestyle=”style02″] 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 [/sws_blockquote_endquote]
Nifty closed down 189.05 points at 5287.45 while Nifty futures closed at 5284.80, 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
[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″] 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)
[sws_blockquote_endquote align=”” cite=”” quotestyle=”style01″] There are two tragedies in life. One is to lose your heart’s desire. The other is to gain it. – George Bernard Shaw [/sws_blockquote_endquote]