Nifty Futures Trading Update – 29Nov2016

Nifty Futures tested 8200 today but could not hold and have fallen rapidly to 8150 by end of day. As mentioned in previous posts, there is a key resistance at Nifty 8200 level. Nifty futures trading range is currently 7900 to 8300, and I believe 8300 should get tested once before any large correction again. […]

Nifty Futures Trading Outlook – 25Nov2016

Nifty index has closed today (25 Nov 2016) at 8114, and therefore Nifty is back above 8100 level. Nifty is also now above its 10 Day Moving Average (DMA), so some level of support has been built between 8000-8100 level, and the logical target now is 8200, where multiple resistance lines are visible. Highest Nifty […]

Market Notes – 02 Sep 2015

Nifty moved down 160 points from its opening at 7860 to day low of 7700. One more positive opening day that kept getting weaker as the day progressed. FIIs continued their relentless selling, and DIIs were not able to match the selling. Here is the summary of today’s buying/selling cash market. 02-Sep-2015 FII Seling -1573 […]