Market Bytes 25-Jan-2016
Nifty Futures: or Friday we had discussed that for the first time "Downside short Risk for the first time looks to have a lesser rewad versus a pull back long" and what a pull back was that. we had mentioned that 7270 will be the key and above that usides targets are 7340 and 7420. markets exactly did both the targets. Coming to the current session,7400-10 will be the key trend decider levels. If markets manage to hold above this expect some more upside and a test of 7470 levels and above that 7530 will hold a key hurdle. On the downside a contrarian short trade below 7400 can go on to test 7350-60 levels. Expect to be a less volatile session as we close in towards expiry and also a holiday next day.
#nifty #nseindia #sensex #trading #intraday #shares
Nifty Futures: or Friday we had discussed that for the first time "Downside short Risk for the first time looks to have a lesser rewad versus a pull back long" and what a pull back was that. we had mentioned that 7270 will be the key and above that usides targets are 7340 and 7420. markets exactly did both the targets. Coming to the current session,7400-10 will be the key trend decider levels. If markets manage to hold above this expect some more upside and a test of 7470 levels and above that 7530 will hold a key hurdle. On the downside a contrarian short trade below 7400 can go on to test 7350-60 levels. Expect to be a less volatile session as we close in towards expiry and also a holiday next day.
#nifty #nseindia #sensex #trading #intraday #shares
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Market Bytes 29-Jan-2016
Nifty Futures: Start of a new series here. Nifty Futures has been testing the 7400-20 zones on the downside and has managed to hold up so far. This will be the immediate support base for pull back trades and reversals below. On the upside the 7440-60 zone remains a near by resistance. Since these zones are nearby best will be to avoid trade within and look for a break out or a breakdown trade outside this range. Strong swing hurdles remain at 7530 zones, which we discussed a few times and this level has not been taken out yet so far on the pull backs. A breakout above this range or a set up on the downside can provide a low risk swing opportunity for us.
#nifty #nseindia #sensex #trading #intraday #shares
Nifty Futures: Start of a new series here. Nifty Futures has been testing the 7400-20 zones on the downside and has managed to hold up so far. This will be the immediate support base for pull back trades and reversals below. On the upside the 7440-60 zone remains a near by resistance. Since these zones are nearby best will be to avoid trade within and look for a break out or a breakdown trade outside this range. Strong swing hurdles remain at 7530 zones, which we discussed a few times and this level has not been taken out yet so far on the pull backs. A breakout above this range or a set up on the downside can provide a low risk swing opportunity for us.
#nifty #nseindia #sensex #trading #intraday #shares
Nifty Futures: This Monday we discussed that NIFTY Futures may stay range bound as we close in on expiry. Expect the Trend to continue . 7530 range will continue to be the key swing deciding resistance on the upside. While on the downside. 747350-60 levels. The ideal trade will be to trade pull backs in this zone with downside stops either at 7350 and upside stops above 7530.
#nifty #nseindia #sensex #trading #intraday #shares