Market 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...
Nifty 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...
NSE_EOD:NIFTY which is traded in NSE,Mumbai & scrip name as Nifty Futures January is likely to continue its downward move and possibly reach around 7250's.
We know that Gaps act as Resistance/Support and check your trade plans to place stops around that region NSE_EOD:NIFTY from 7650's to 7750's.
Possible Targets around 7200's to 7250's and its more likely to...
Nifty 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...
Nifty 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...
NIFTY Futures our last discussion was to trade pull backs from 7800 levels or a breakout above 7880. This trade has yielded a good return. Now we are nearly testing the 8000 zones. this will prove to be a solid test.This was a good point to test low risk contrarian shorts. Have a short from 7980 zones. stops will be above 8025. Downside opportunity will really...
BankNifty Futures: Our Breakout zone was 17140 levels for past few posts. this provided a fabolous trading opportunity nearly giving 400 points gain in 2 sessions. Banknifty 1754--640 is a congestion zone and may be tested at these levels. Once cleared we can see a test of the 18000 zones. on the downside we could potentially hit back 17240 zones if we want to...
The stock seems to have given a low risk breakout opportunity. it has managed to form a higher low around critical base levels. Risk reward is favorable for an entry
Banknifty Futures: At the start of last week we had discussed that the week is expected to be volatile and choppy and boy it tested us to the hilt. the way the week has closed
it is likely to continue to be undecisive.This is likely to change once markets make a decisive move either above 17350 levels or below the 16600 levels on a broader scale.
For intraday...
NIFTY Futures: While NIFTY futures had a failed breakout move it has been able to sustain above the levels of 7800-7820 which are crucial supply zones. this
will be the key level watched if NIFTY futures sustains above 7840 then long positions can be build up. on the downside a crack below the 7820 levels will
invite shorts for lower targets of 7760 odd levels
16942 was the low made today just above our crucial trend decider levels. Also Top made at 17330. so if traders are looking to still follow up with the trade, next hurdle now above that will be 17400 and 17540. supports emerge at 17140 zones
BankNifty Futures: 18th was a copybook trading day and fortunately we were on the right side of the trade as well. This can be primarily be attributed to conviction in the plan as much as right analysis for the plan. Why did we mention that 17140 is a key zone?( we know the market reaction once that was breached)
If you check the hourly candles there were...
NIFTY Future continues to respect the resistance of 7850. Only a clear of it can lead to test the zones of 7950-8000. else it will prove a nice contrarian opportunity depending on the day set up and trades. On the downside 7820-7790 is a support and supply zone , a breach of that can lead to a resumption of the downtrend again.
We had discussed that 16900 is the trend decider level. Today during the opening sessions markets sustained above it a provided a low risk trade with good return potential. genuinely hope the trade was taken by everyone who followed the notes. In the near future 17250-17330 will provide a resistance zone to watch out.
If that is surpassed, which looks a...
NIFTY Future was a un decisive candle on friday. Hence the high and low will be important combined with the trading zones that we discussed the other day.
It will be prudent to take directional trades on with either side of the breakdown
As again markets seemed to prove again to be ahead of the elections and the subsequent results. Now since the event is done it will be crucial to try and analyze the potential direction of the markets post the results.
In our various posts for the past week or so we had mentioned that 7950 is a potential downside target and break of that could only signal another...
