Relentless High Volume Selling Pressure by FII & Lower than expected Q3 Results of SAIL & Infosys led a 300 Point cut in Nifty.
Although the Trend is Negative, Still Nifty Future can give a small Bounce back. But, It may only be a Pullback & Not a bullback.
Although the Trend is Negative, Still Nifty Future can give a small Bounce back. But, It may only be a Pullback & Not a bullback.
Going Forward,
Nifty Fut will face stiff resistance at 5784-5804 levels crossing & sustaining above which, It will be Positionally Bullish & may touch 5914 & 6030.
Nifty Fut will face stiff resistance at 5784-5804 levels crossing & sustaining above which, It will be Positionally Bullish & may touch 5914 & 6030.
But, If fails to cross & sustain abv 5807, Will be in a trading range 5561-5807.
Strong support lies at 5563-5570.
Only if it breaks & closes below 5561, it may touch 5435 & 5351..
Be quick in your Trades as Movements are expected to be very spiky & Trade with Stricter SL. When in Profits, Either book Gains or Keep Trailing with a revised SL in order to maximize gains & reduce Risk Factor.
Be quick in your Trades as Movements are expected to be very spiky & Trade with Stricter SL. When in Profits, Either book Gains or Keep Trailing with a revised SL in order to maximize gains & reduce Risk Factor.
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Regards,
Team Market View Investments.
Mo : 9987750901.
Visit www.mktviews-nifty50.blogspot.com
Facebook : www.facebook.com/mktviews
Team Market View Investments.
Mo : 9987750901.
Visit www.mktviews-nifty50.blogspot.com
Facebook : www.facebook.com/mktviews
Disclaimer :
As equity traders/Advisors We, our relatives and friends may have position in the stocks suggested by us. We are individuals and dont belong to any brokerage house or company. All Recommendations are based on technical and/or fundamental analysis and/or Personal observations.
Trading in stock markets involves risk . We give Recommendations, opinions or suggestions with the understanding that readers acting on this information take in to account all risks involved with market. Acting on the basis of views expressed here is the sole responsibility of the reader. No responsibility will be assumed by the authors for the consequences what so ever, resulting out of acting on these recommendations. The information herein, together with all estimates and forecasts, can change with/without notice depending on the Market Conditions.
As equity traders/Advisors We, our relatives and friends may have position in the stocks suggested by us. We are individuals and dont belong to any brokerage house or company. All Recommendations are based on technical and/or fundamental analysis and/or Personal observations.
Trading in stock markets involves risk . We give Recommendations, opinions or suggestions with the understanding that readers acting on this information take in to account all risks involved with market. Acting on the basis of views expressed here is the sole responsibility of the reader. No responsibility will be assumed by the authors for the consequences what so ever, resulting out of acting on these recommendations. The information herein, together with all estimates and forecasts, can change with/without notice depending on the Market Conditions.
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