Market was trading in its primary trend that is bullish trend for most of the day with 1038 shares advances, 712 shares decline and 316 shares remain unchanged in today session. Despite positive result of HUL shares were ended in nearly 4% loss because of price were fairly overvalued before result.On Wednesday market will likely to trade in its primary trend and now shares of almost all sectors taking part in the rally which will provide opportunity to earn handsome profit in the market. » Read more
Observing today’s market movement it was bit tricky and sideways and advance decline ratio favoring bears. Nifty spot ended today session with a gain of 1.05 points whereas Nifty future closes today session with a loss of 10.35 points. Yesterday market has given breakout of symmetrical triangle and there is no doubt that overall market trend is bullish but this breakout is pull back breakout where index will retest its breakout level which is 10880 and then restart is bullish movement. » Read more
Indian market trade on positive note today on the back of global news and today Nifty future is close to break its symmetrical triangle breakout level. We can access that breakout is near the corner as Nifty future sustain above the crucial level of 10850 and both daily and weekly chart suggesting breakout. Strategy to be followed on Tuesday is buying on dips as market is in bullish trend and do not trade opposite to the trend as it is highly risky now. trend is your best friend, trade in trend and enjoy profit
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Today market session was important one and also waited by most of the traders. Today Nifty future has traded entire session in bullish trend and ended today session by gaining 65.70 points at 10723.95. Most important thing was closing which Nifty future has given on positive note above the crucial level of 10715. As we have also said this earlier closing above 10715 will be crucial for further bullish movement and on Wednesday market we expect another positive session from the market with lots of opportunities for buy side traders, strategy to be followed on Wednesday is buying on dips. » Read more
Monday market was totally in the line of our expectation and commentary that we have said. Tuesday market outlook is once again expected to be in sideways movement and session to move according to world market and FII and DII activity as on Monday FII were net seller as they sold 1205.12 cr and DII were net buyers of 366.94 cr. » Read more
Trade war concerns, rise in crude oil price and weaker rupee has put breaks on Nifty future, as we have seen nifty future trading in sideways movement form past 1 month and also formed symmetrical triangle on charts.Late Friday we have witness bulls have taken charge helped by Banking and Financial stocks which helped Nifty future to close strongly above 10800 levels.Breakout is near the corner, and breakout will be considered above the level of 10870, strong closing above the level of 10800 shows bulls have upper hand and if market provide any dips then we should use that dips to accumulate stocks and index. Also on daily chart indicators shows market still have potential to break its all time high. » Read more
From past few days we have seen Index trading in a channel pattern and there is opportunity for buyers to but at support of the channel and seller have opportunity to short at resistance of channel pattern.For breakout in buying side Nifty future has to break 10800 levels and in down side support is now at 10675-10655. Market is expected to continue its trade in this channel pattern on Friday market as well, we suggest you to buy around support level and sell around resistance level till breakout of above mentioned levels. » Read more
Today’s market performs according to our expectation and what we had said in our previous commentary. Today market was in bullish trend throughout the day but still advance decline ratio was almost equal which shows half of the stock has not participate in the rally. But the positive from today market is closing level of Nifty and Bank Nifty future which shows bulls have turn around the table. » Read more
Indian market continue to bleed after trade war concerns which causes all indices to trade in red today in which reality sector bleed the most followed by IT sector. Wednesday market is expected to bring some relief for traders and we may see positive movement only if trade war doesn’t get in the way. 10690-10678 is very crucial support for market and we may see nifty future testing 10780-10790 level soon as most of the other indicators showing buy signal. Strategy to followed on Wednesday market is buying on dips and fasten your seat belt if you trade on perfect time because you will get lot of profit buy do not forgot to trade on perfect time. For bank nifty fut 26180-26160 is very crucial support level and we may see bank nifty fut testing 26400-26450 level. » Read more
Trade war effect has been seen in Monday market which resulted in 1:2 advance decline ratio and also mostly index ended in negative territory, Thanks to oil and auto sector which helped Index to trade in sideways movement and also put breaks on bears.
10820 is very crucial immediate resistance for Nifty future and breakout of the resistance will resume bulls in the market and 10770 followed by 10740 is crucial immediate support for Nifty future. Sideways movement is once again expected from Tuesday market.
» Read more