On Tuesday, after rising for six weeks, consecutively, Nifty broke the lowest level of the previous week, which was at 9250 (Bank Nifty at 19840). It is negative for the market in the medium term. Nifty is having support at 9000. Daily and Intraday traders should work by buying Nifty Read more…
Nifty Weekly View: Nifty closed below 11539, which is an indication of weak markets and may result in gradual decline towards 11400 with a major support at 11450. Below 11400, it would fall to 11300, which is 38.20% retracement of the entire rise from 10670 to 11694. If markets are Read more…
Nifty Spot View: In the first half of the trading session, the market remained weak, it was mainly due to it failed to fill bearish gap between 11395 and 11434. However, in the second half, the market has squeezed short sellers as soon as Nifty has registered one more peak. Read more…
Nifty witnessed vertical sell off for last 8 days, which is more than the usual time that the market took while correcting. In terms of price retracement, if we study past data then we see that Nifty corrects by 700 points whenever it corrects for more than 5 days. In Read more…
Fiis today sold net 125 cr in cash …while diis sold net 232 cr in cash Fiis in f&o….bought net 275 cr in index fut…bought net 1344 cr in index options …and …sold net 552 cr in stocks futures SO today was day when fiis and diis were both net Read more…
On the closure of the event too, we can expect correction especially if markets are in the same direction. However, its technical in nature and after correcting bit we expect market to turn back. Technically, markets would arrest between 10950 and 10850 as Nifty is having major support between 10950 Read more…
In the coming week, it is mandatory for the market to cross the level of 10990 that too in next 2 to 3 days. Current momentum is having enough strength to cross the level of 10990, however, failure to do so would result in one more decline to 10600/10550 levels. Read more…