Last 2 Weeks, Nifty traded with +ve bias admidst very low volumes due to subdued FII activity.
Though Trend stayed +ve & 6182 was achieved above 6109 as already predicted in advance. But its time to TURN CAUTIOUS as this upmove is with LOW VOLUMES.
Further Upside will continue only if Nifty Fut holds 6058.
Though Trend stayed +ve & 6182 was achieved above 6109 as already predicted in advance. But its time to TURN CAUTIOUS as this upmove is with LOW VOLUMES.
Further Upside will continue only if Nifty Fut holds 6058.
Going Forward,
Nifty Fut will face stiff resistance at 6223-6246 levels crossing & sustaining above which, it may touch 6334 & 6439.
Nifty Fut will face stiff resistance at 6223-6246 levels crossing & sustaining above which, it may touch 6334 & 6439.
But, If fails to cross & sustain abv 6249, Will be in a trading range 6058-6249.
Strong support lies at 6060-6076.
Only if it breaks & closes below 6058, it may touch 5935 & 5861..
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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