Sensex
NIFTY Future Trade Plan Week 14 Feb-2016Market Bytes 15-Feb-2016
Nifty Futures:Friday we restated that we see a bottom at 6800-6830 levels against the tide of the trend. This proved so correct as NIFTY managed to hold on and make a low of 6875 to bounce back from there. Expect 6850-75 to be a bottom for now and this could be used for swing long trades.For intraday trades our immediate suport base can be 6980 levels. Expect near term upside movement upto 7080 and 7130 levels. Lets use 6980 as a trend decider and look for short trades below as well for down side retracements upto 6920-30 levels.
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NIFTY Long Term Outlook-What to PlanMarket Bytes 12-Feb-2016
Nifty Futures:For yesterday's session we had mentioned that SBI results will the trend decider in many ways. So it was indeed. The stock turned the tide of the market. Traded with the highest quantity and volume yesterday, as a testament to our hypothesis. Did we catch the move; well nah for the first half where we never got into a pull back. But we also recall that we had mentioned that 7130 was the level on the downside. So, what do we do when that level was broken; take your trades there and well it went to give more than 130 points in the same day.
Now for the current session, 7020-30 is the immediate trend decider levels. Holding below it we will continue to see the downside. Above it can see a pull back till 7100 levels. That zone can be a good point to attempt shorts again with with stops above 7150.
This will also be a good point to discuss the long term outlook. many of our friends asked whats the swing major levels. Well, I will state the same thing that we mentioned few months back, we see markets support at 6800-6830 zones. I will expect this levels to hold and well aggressively look for a bounce back from there. This will be a good point to take your investment purse out as well.
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NIFTY Futures Trading Plan Week-09 FebTrading Idea
Nifty Futures: NIFTY Futures few sessions ago we had discussed that 7430 was the trend decider and above that 7550 was a possibility, that target nearly got done in yesterday's session, after that markets paused and went to crash and test our trend decider all over again. Both sides provided a decent trading opportunity in last few sessions. Next up it will be important for markets to trade and move above the trend decider to get bullish again On the downside immediate support is at 7375 below this and if it manages to hold that level; we can attempt a pull back trade. Else below that can be potential fresh shorting opportunity for 7310 and lower.
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NIFTY Trade Plan- Week 02-Feb-2016Market Bytes 01-Feb-2016
Nifty Futures: Quite a bounce in the start of the new series here and at a good pace. The bounce happened on well spread out volumes indicates a good support base can be established. For last session we had mentioned that 7400-7420 can be the immediate support base for a pull back. On friday markets made a low at 7404 and sharply pulled back.NIFTY Futures closed above the strong hurdles of 7530 and that can form as a immediate base for considering immediate longs. On the upside 7620 is the next immediate hurdle a break out above it can prove another trading opportunity also if that level holds it can provide a low risk contrarian trades with stops above 7650 odd levels.
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NIFTY Trade Plan-Week 25-Jan-2016Market Bytes 25-Jan-2016
Nifty Futures: or Friday we had discussed that for the first time "Downside short Risk for the first time looks to have a lesser rewad versus a pull back long" and what a pull back was that. we had mentioned that 7270 will be the key and above that usides targets are 7340 and 7420. markets exactly did both the targets. Coming to the current session,7400-10 will be the key trend decider levels. If markets manage to hold above this expect some more upside and a test of 7470 levels and above that 7530 will hold a key hurdle. On the downside a contrarian short trade below 7400 can go on to test 7350-60 levels. Expect to be a less volatile session as we close in towards expiry and also a holiday next day.
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NIFTY Trade plan Week-19 JanNifty Futures: On the note for 13th we had discussed that 7440 and 7350 are downside swing targets. Both The targets are done. This will be a key zone to watch out for now. Further shorts if any has to be taken with caution. Best would be to rather wait for pull backs. 7580 and 7700 are the upside hurdle zones and trades can be taken at those levels based on price action. On the downside a sustained move below will call for fresh shorts. ALso for the contrarian i beleive this is the first contrarian opportunity for trading a pull back in these zones. On the downside strong swing supports are at 7100 levels.
NIFTY Trade plan week 11 Jan 2016Nifty Futures: NIFTY while it managed to hold on to to the 7580 levels and staged some sort of a pull back, weak global cues will mean we may now crack that level and open below it. It will be importanat to see if NIFTY futures manages to stay and trade below 7550 in that can the levels of 7580-50 now can be used as a stop for a fresh trade on the downside with targets of 7440 and 7280 on the downside. on the upside if it manages to hold 7550 then a low risk pull back can be initiated.
NIFTY Trade Plan-Week 7 JanNifty Futures: NIFTY Future managed to latch on to the 7750 levels that we discussed yesterday . But it did provide two trade opportunites as per the plan one was short from 7840 levels and the other a pull back trade frm 7760 levels. The pull back short also provided a good swing short trading opporunity with low risk. for intraday traders 7750 will hold the key, if markets hold below it expect downsides to be tested. While swing positions will continue for intra traders next levels will be 7705 levels. if trading below it can take fresh shorts with downside targets of 7550-80 levels.
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