Nifty Fut is facing selling pressure near trendline resistance area of 5950-5970 due to developments in Telecom & Realty sector w.r.t 2G scam.
Consolidation is also witnessed in 5700-5950 range since last 4 weeks & Nifty Fut is forming a strong base @ 5785-5795 area.
Dissappointing Q4 nos by RIL would have an -ve effect on Monday.
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.
Consolidation is also witnessed in 5700-5950 range since last 4 weeks & Nifty Fut is forming a strong base @ 5785-5795 area.
Dissappointing Q4 nos by RIL would have an -ve effect on Monday.
Going Forward,
Nifty Fut would be further bullish only above 5976.
Nifty Fut will face stiff resistance @ 5960-5976 levels crossing & sustaining abv which further Momentum would lead to 6084 & 6176.
But, If fails to cross & sustain abv 5976, Will be in a trading range 5770-5976.
Strong support lies @ 5775-5795.
If breaks & closes below 5770, it may touch 5661 & 5549.
Nifty Fut would be further bullish only above 5976.
Nifty Fut will face stiff resistance @ 5960-5976 levels crossing & sustaining abv which further Momentum would lead to 6084 & 6176.
But, If fails to cross & sustain abv 5976, Will be in a trading range 5770-5976.
Strong support lies @ 5775-5795.
If breaks & closes below 5770, it may touch 5661 & 5549.
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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