SGX NIFTY

NIFTY FUTURES : Ye chilla chilla ke bola jaa raha hey INR 70 to USD…..bhai ye rona band karo….It’s a global event………………Good for India. It’s time to change your Mind-set, I am sure everything will look rosy

NIFTY FUTURES

Last close 11463.45

Ye chilla chilla ke bola jaa raha hey INR 70 to USD…..ye rona band karo….It’s a global event………………Good for India. It’s time to change your Mind-set, I am sure everything will look rosy. Now for today trading…………..as SGX indicating huge gap down…..Our view is if getting below 11398………….Just consider yourself lucky and grab it. More details will update during market hours.

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NIFTY FUTURES for 8th August

NIFTY FUTURE

Last close 11418.35

The bullishness to continue. For today trading expect it to flare upto 11447, there could be a minor profit taking led sell-off around this levels. Smart day traders can even short around 11447 keeping stop loss of 11488…!!! On the lower side unless it goes below 11341, there is no danger to this upswing. Break 11341 will show first sign of weak-ness and then we may see sharp sell-off straight away upto 11291.

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NIFTY FUTURES

NIFTY FUTURE

Last close 11414.25

No event…..No trigger….MARKET TO REMAIN RANGE BOUND……OUR VIEW……NEGATIVE FROM HIGHER LEVELS……..For today trading….Traders can short at higher levels around 11447 keeping stop loss of 11488 now for an lower target of 11341 & there after we could even see the level of 11291..!!! Matlab Baazi Jeetne Se He … Phir Chahe Pyada Qurbaan Ho Ya Phir Rani.

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BANK NIFTY : Time to buy banking shares……. PSU, PVT Banks……All will spurt

BANK NIFTY

Last close 27776.85

Bank Nifty to spurt. We could see continuation of rally in select banking stocks. Technically also….Momentum rally to continue even today. Protect plus position with stop loss of 27596 for an non-stop rally up 27888 which has to watch out, Cross over could even take this to 27969.

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NIFTY FUTURES

NIFTY FUTURE

Last close 11282.30

We clearly wrote yesterday to sell Nifty future……!!!!
The index formed a Evening Star Pattern on the daily chart, which indicates continuity of some more in the days ahead.  The Evening Star Pattern is viewed as a bearish reversal pattern, that usually occurs at the top of an uptrend.
Now for today trading….One can remain short keeping stop loss of 11344 for a lower target of Rs.11225, break below will take this to 11189. If comes around 11189 then we would consider as a healthy correction..!!! Gap fill karna hey….!!!!!

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NIFTY FUTURES

NIFTY FUTURE

Last close 11374.30

The Nifty has jumped into a higher orbit with Call writers of 11000 strike moving higher to 11500 strike. All indicators suggesting more upside………….but for today trading…..My view is slightly different……yes slightly negative…!!! I think now its worth taking this calculative risk..!!! For day trading……Futures signal negativity, but bulls will continue to have a grip on market in coming days…!!!

For today trading our call is to sell just for trading purpose keeping stop loss of 11422. We see stock slide to 11337 intraday which would serve as strong support, If breaks during intraday then expect it to slide to 11289 mark…!!!

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NIFTY FUTURES

NIFTY FUTURES

Last close 11306.70

We do not see the market cooling down until the Nifty touches 11355, 11391 levels. It can be seen as the next resistance level. The F&O segment, too, indicates a further positive run for the market. So we do not see any selling concerns in the derivatives segment. Buy on decline and stay invested keeping stop loss 11266 which we feel to be the rock solid support for the day. The charts also show that the Nifty will go through a high volatility phase, which is likely anytime in the future. If breaks 11266 on the lower side then don’t remain plus as we could see heavy selling & thereafter it may slide to 11185 just to fill the gap.

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NIFTY FUTURES

NIFTY FUTURE

Last close 11201.35

Technicaly Nifty future has strong support at 11162. If manage to stay above then bulls will continue to dominate. On the upper side non stop rally will take this to 11253, If manages to cross over then sharp rally will take this to 11295..!!! We will have many more life-time highs. Bur remember one thing that Nifty cannot be positive every week. We will have corrections.

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NIFTY FUTURES

NIFTY FUTURES

Last close 11136.40

It continued to form higher highs and higher lows for last four sessions, but closed on a flat to negative note yesterday. However, the overall trend remained positive and supports gradually shifted higher. One can buy Nifty at any decline keeping stop loss of 11073. Above 11141…..We see it zooming to 11179 intraday, if crosses and stay above will take this to 11215 mark…!!

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NIFTY FUTURES

NIFTY FUTURES

Last close 11099.40

Again our call for nifty futures will be to buy on decline keeping stop loss of 11024. Remember at any point of time stock breaks and closes below 11024 then certainly it’s a matter of concern for bulls. At that point of time we will certainly reevaluate our trading strategy. On the higher side, it will zoom to 11141, if trading with volume above 11141 then it can further flare up to 11185 mark..!!!

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NIFTY FUTURES

NIFTY FUTURES

Last close 11024.85

There is a good chance that we might see 11089 today. At higher levels again selling not ruled out. Next couple of days could be choppy as well as volatile. The only way to trade in the next few days would be to buy Nifty with stop loss of 10960 mark. A lot of strong buying signals have been generated at lower levels.

So, for the Monday point of view our target is 11089, if crosses and stay above will take this to 11133 where one can look at taking profits on the long positions and then we will take it from there.

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BANK NIFTY

BANK NIFTY

Last close 26841.30

Immediate support & the rock solid support exist at 26691. Now till it manages to hold this, bulls should not worry. Buy on dips could be the best strategy at this point of time. While on the upper side expect it to flare upto 27011. Again selling on higher levels is what we expect today. If at any point of time crosses and stay above 27011 then huge short covering across the banking stocks will take this to 27159..!!!.

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NIFTY FUTURE

NIFTY FUTURE Last close 11020 No event…..No trigger….MARKET TO REMAIN RANGE BOUND……OUR VIEW……NEGATIVE FROM HIGHER LEVELS……..For today trading….Traders can short at higher levels around 11056 keeping stop loss of 11088 now for an lower target of 10981 & there after in panic we could even see the level of 10947..!!!

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NIFTY FUTURE

NIFTY FUTURES

Last close 11016.25

The markets are at their volatile best. One must turn to cash from Mid-cap and move into defensive plays. Incase if Market bounces back, use that to exit your position from Mid-Cap rather than to add stocks. For time being…..Our call is to sell keeping stop loss of 11088……!!! If Nifty futures manages to cross and close above then only will turn highly bullish…!!! On the lower side…Expect it to slide upto 10967, Break will take this to 10918.

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Expect volatility in the market … but trend is in the favour of Bulls only …!!!

It is a Win-Win Situation for our dear readers. All our recommendations in Mid caps since last several days have achieved & crossed our upper targets. With God’s grace we are happy that through us all are creating wealth for themselves…!!

NIFTY FUTURES

Last close 10938.60

Expect the Nifty Futures to touch 10968 during intraday, If crosses and stay above could take this to 11017. Our strategy to buy on decline keeping stop loss of 10881…!!!! Below 10881 bears will have upper hand over the market …!!!

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NIFTY FUTURES……..

NIFTY FUTURES

Last close 10947.85

Nifty Futures rose for a third day in a row with the closing near record highs as investors expect earnings growth to continue in June quarter.

We are expecting double-digit earnings growth, and this will take Nifty to new high in coming days.

Now Technically above 10960 we see Nifty Futures zooming to 11002 during intraday. Now around this levels chances are we will face profit booking. If manages to trade above 11002 for few minutes…..then expect further rally upto 11041 mark.
As SGX down 65 point at the time of updating……We recommend to buy in panic in range of 10885-10860 ……keeping stop loss of 10801.

Shall update more during trading hours.

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NIFTY FUTURES : HUGE SPURT ON CARD

NIFTY FUTURES

Last close 10859.85

Tracking the derivate data points, Nifty future witnessed a surge in open interest to the tune of ~13.07 lakh shares indicating an addition of long positions.

Now onwards appreciating rupee against the dollar and fresh buying by domestic institutional investors will add to the momentum.

Again writing Sharp bounce could take this to 10896 which has to watch out initially, Cross over will take this to 10943. On the lower side strong support exist at 10801..!!!

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NIFTY FUTURES : Fresh breakout is likely in Nifty futures

NIFTY FUTURES

Last close 10778.40

We are in of an upswing and we need both global and local help to move forward. Technically fresh breakout is likely today itself….. market is in comfortable phase time being ……. but still keep a stoploss of 10719 to your buys time being …On the upper side it can zoom to 10833, Crossover and close will take it to 10885.

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NIFTY FUTURES

NIFTY FUTURES
Last close 10751.75

Trend at the moment looks more puzzled and its possible sell off in select heavy weights is very much on cards. In the coming days too it is expected that market will continue to become range bound. Now looking at the overall pattern of the Nifty it seems that Nifty futures has strong support at 10704, if it breaks 10704 then expect it to slide to 10651..!!! At the same time on the higher side strong hurdle exist at 10811, If manages to cross and stay above then we could see 10849 in hours…!!!

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