Nifty Futures Trading Analysis – 31Jan2019

Nifty Futures did not break their 20 SMA line on 15 min chart the whole day, which is very bullish. As soon as they bounced back from the testing at 10,780 level today morning, that was a good opportunity to create fresh long positions with Nifty futures. Today, Nifty has crossed its 200 day SMA […]

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 Weekly Chart Analysis: 08Aug2015

After a major rally in 2014, Nifty has been correcting for most of the time in the year 2015. Many indicators have been indicating sell signals. However, we must remember that Nifty is strong as long as it stays above its 200 Day Simple Moving Average (SMA), which is currently at 8440. Even from the […]