Nifty Futures is consolidating & trading Range-Bound with bouts of selling pressure witnessed on all rises.
For Further Upmove, Nifty should not only hold 5389 but alsotake out 5594 on upside.
Will be very bearish only if sustains below 5389.
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.
Important : We may daily post some information regarding Nifty movement in Live Markets too. Those who require it, Kindly join the Yahoo Groups / Google Groups by clicking the following Link :
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Going Forward,
Nifty Fut will face stiff resistance @ 5576-5594 levels crossing & sustaining abv which further Momentum would lead to 5716 & 5829.
But, If fails to cross & sustain abv 5594, Will be in a trading range 5389-5594.
Strong support lies @ 5389-5407.
If breaks & closes below 5389, it may touch 5275 & 5146.
Nifty Fut will face stiff resistance @ 5576-5594 levels crossing & sustaining abv which further Momentum would lead to 5716 & 5829.
But, If fails to cross & sustain abv 5594, Will be in a trading range 5389-5594.
Strong support lies @ 5389-5407.
If breaks & closes below 5389, it may touch 5275 & 5146.
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.
Important : We may daily post some information regarding Nifty movement in Live Markets too. Those who require it, Kindly join the Yahoo Groups / Google Groups by clicking the following Link :
Search for Facebook Group "mktviews" & Join it.
Yahoo Groups : http://in.groups.yahoo.com/group/mktviews
Google Groups : http://groups.google.co.in/group/mktviews
Google Groups : http://groups.google.co.in/group/mktviews
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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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