Post Opening, Nifty Futures is trading in a tight range with selling pressure on all rises. INR falling upto 53.2 levels is putting a lot of pressure on the bourses.
Going Forward,
If Nifty Fut does not cross 5235-5238, it will retest lower levels of 5168/5135.
Temporary pullback upto 5269/5309 only incase if 5238 is taken out on the upside with strong volumes.
Team Market View Investments.
9987750901.
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 advised,
ReplyDeleteNifty Futures could not cross 5235-5238 zone (High 5233.95 !!),
Effect :: 5225 to 5190.
If shorted, Book partial gains & Revise SL to day's high.
Now going forward,
If breaks day's low, Selling pressure would intensify upto 5171/5152.
Trend Reversal only if it crosses & sustains above 5235.