Admist Overall Weakness & Pessimism, Possiblity of a Pullback has emerged if 5415 is crossed. But it could only turn out to be a Pullback. So Use it to liquidate your Stuck Long positions.
Expect Huge Volataility in th Pre-Budget Week.
Expect Huge Volataility in th Pre-Budget Week.
Going Forward,
Nifty Fut will face stiff resistance at 5396-5415 levels crossing & sustaining above which further Short Covering would lead to 5510 & 5603.
Nifty Fut will face stiff resistance at 5396-5415 levels crossing & sustaining above which further Short Covering would lead to 5510 & 5603.
But, If fails to cross & sustain abv 5415, Will be in a trading range 5219-5415.
Strong support lies at 5220-5225.
Only if it breaks & closes below 5219, it may touch 5126 & 5008. 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
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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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