SGX NIFTY

Nifty Futures : Our clear cut message for bears now…….Dear Bears…..no more shorting please……If you short now…. you will have to pay a very heavy price, If you are confused then sit aside, you may become responsible for somebody’s suicide. Yes…..If you are short now…….then you are gone…… Not advisable to short at current levels…..!!! Now 10212 will act as strong support. On the upper side we see sharp rally upto 10424, Cross over will take this to 10490.

NIFTY FUTURE Forecast from valuerupee…Last close 10314.40
The stock markets are at their volatile best. Only this time the volatility has do with losses. There is pessimism everywhere. Selling in the stock markets is widespread and ruthless.

Is the worst over for the Indian stock market? That’s the question that is uppermost on most people’s mind, be it local investors or foreign funds, day traders or small investors. There are no clear signals emerging on the horizon on the direction the Indian stock market in the near or long term. If everyone has sold and got out of the market, there are no more selling to sustain the downward momentum.

Our clear cut message for bears now…….Dear Bears…..no more shorting please……If you short now…. you will have to pay a very heavy price, If you are confused then sit aside, you may become responsible for somebody’s suicide. Yes…..If you are short now…….then you are gone……

Not advisable to short at current levels…..!!! Now 10212 will act as strong support. On the upper side we see sharp rally upto 10424, Cross over will take this to 10490.

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NIFTY FUTURES : Last close 10997.95 The Nifty futures continues to trade under pressure. Though it opened with a slight gap-up, it failed to sustain higher. If for today trading Nifty futures manages to hold 10931, a corrective bounce to 11088 or 11140 cannot be ruled out. However, the broader bearish outlook will remain intact and fresh selling interest is likely to emerge at higher levels.

NIFTY FUTURES

Last close 10997.95

The Nifty futures continues to trade under pressure. Though it opened with a slight gap-up, it failed to sustain higher. If for today trading Nifty futures manages to hold 10931, a corrective bounce to 11088 or 11140 cannot be ruled out. However, the broader bearish outlook will remain intact and fresh selling interest is likely to emerge at higher levels.

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BANK NIFTY : Dragonfly Doji candlesticks charting pattern is a bullish formation that occurs at the end of a downtrend. We are in of an upswing and today we have both global and local help to move forward. Technically market closed in comfortable phase … but still keep a stoploss of 26888 to your buys time being …On the upper side it can zoom to 27233, Crossover and close will take it to 27386.

BANK NIFTY

Last close 26978.80 Our call for traders on Wednesday was “SELL BANK NIFTY S/L 26944…….INTRADAY WILL SLIDE TO 26711…!!!”………Just check what happened……BANK NIFTY slide to 26706…….Yes slide of 150 points just happened in hour time.
Bank Nifty then sharply reversed from lower levels formed Dragonfly Doji pattern.

Dragonfly Doji candlesticks charting pattern is a bullish formation that occurs at the end of a downtrend.
We are in of an upswing and today we have both global and local help to move forward. Technically market closed in comfortable phase … but still keep a stoploss of 26888 to your buys time being …On the upper side it can zoom to 27233, Crossover and close will take it to 27386.

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NIFTY FUTURES

NIFTY FUTURE

Last close 11641.75

Do not panic at lower levels today…..I am upbeat on the market as sharp upside is in store from lower levels. Smaller intraday dips or consolidations could be used as a buying opportunity.
Buying is expected to continue, which may take the Nifty futures towards 11703 during intraday, Cross over will take this to 11744 mark. Protect long keeping stop loss of 11591…!!!

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NIFTY FUTURES : The Nifty Futures has been making higher top-higher bottom on a weekly scale and supports are gradually shifting higher. Better strategy would be continuing long trading positions with strict stop-loss of 11688

NIFTY FUTURES

Last close 11735.30

For today trading traders to react to macro data GDP, GST collections as well as movement on the rupee. Auto sales figures will also to be in focus. Technically there is a possibility of some more upmove, but sustaining the highs is going to be watch out. The Nifty Futures has been making higher top-higher bottom on a weekly scale and supports are gradually shifting higher. Better strategy would be continuing long trading positions with strict stop-loss of 11688, If breaks from the highs then only we will consider to be the reversal pattern to give us shorting opportunity in the market for an lower target of 11614.
On the upper side we see it zooming to 11761, Cross over will take this to 11793. So overall positive bias could continue, but as it already has seen movement of 10% in last two series. So, some range bound move or even profit booking from higher levels could be seen in the market.

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Nifty Futures : June-quarter GDP data to be announced today so fast swing on either side not ruled out. Expect strong growth momentum for a second straight quarter in April-June, but the depreciating rupee and monetary tightening would be the cause of concern.

NIFTY FUTURES

Last close 11733.15

F&O rollovers shows that rally could extend into September series. Markets will also look for cues from its global counterparts. Sector-wise, better rollover was seen in media, fertilisers, textile, power and realty while comparatively lower rolls were seen in IT, Refinery, capital goods, cement and FMCG sectors. For today trading one can buy on decline keeping strict stop loss of 11688.If breaks 1168 during intraday then expect sharp slide to 11652 or even 11618 is very much possible!!!! While on the upper side have a close eye on 11758….Cross over will take this non-stop to 11803 mark..!!! June-quarter GDP data to be announced today so trade fast swing on either side not ruled out. Expect strong growth momentum for a second straight quarter in April-June, but the depreciating rupee and monetary tightening would be the cause of concern.

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NIFTY FUTURES : The index formed bearish candle on the daily candlestick charts ahead of expiry of August futures. Technically now intraday stance is bearish for Nifty. Make use of surge to sell while maintaining stiff stop-loss.

NIFTY FUTURE

Last close 11707.10

The index formed bearish candle on the daily candlestick charts ahead of expiry of August futures. Technically now intraday stance is bearish for Nifty. Make use of surge to sell while maintaining stiff stop-loss. We recommend a sell on higher levels. Our strategy to short keeping strict stop loss of 11764. On the lower side expect it to slide upto 11658, Break will take this to 11614.

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BANK NIFTY : Bank Nifty could slip from record-highs on profit-booking…Only two stocks I would like to keep close eye is on AXIS BANK & HDFC BANK….Ye dono me bahot jaan hey…..

BANK NIFTY

Last close 28312.25

Bank Nifty could slip from record-highs on profit-booking…Only two stocks I would like to keep close eye is on AXIS BANK & HDFC BANK….Ye dono me bahot jaan hey…..I would say 90% of banking stocks looks week at this point of time but AXIS AND HDFC BANK alone can change the trend of Bank Nifty…………..Still our call is to short……Short call only for August Series Expiry point of view. Our trading call is to short bank nifty on higher levels keeping stop loss of 28488. We see it sliding down to 28166, break could even take this to 28025 before expiry.

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NIFTY FUTURES : Now any time during this week we are going to witness rising channel break out…yes….bullish breakout from channel…..huge spurt again on card….!!! Despite broad-based gains, there is no major change on the top stock contributor front which are going to play important role when ever needed.

NIFTY FUTURES

Last close 11705.35

The Nifty futures till now has been respecting its rising channel and a support trend line….But today or any time during this week we are going to witness rising channel break out…yes….bullish breakout from channel…..huge spurt again on card….!!! Despite broad-based gains, there is no major change on the top stock contributor front which are going to play important role when ever needed. Sentiment also got a boost on unabated buying by domestic institutional investors and fresh foreign fund inflows. One can stay invested keeping stop loss of 11614 and enjoy bull run upto 11748, Cross over will take this to 11798…!!!!! Above 11798…..Another spurt of 100 points not ruled out.!!!

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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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