Mohit Jhanji Trading in Stock Market Since 2006. Iam working as a Technical Analyst in Wealth Creator. Wealthcreator.co is a research firm. We have Been Serving The Traders Of Indian Stock Market, Commodity Market From Past Seven Years With Tailored Products To Meet The Needs Of The Individual Retail Trader, Brokers,Corporate & High Net Worth Individuals & NRI’s.

Nifty Future Weekly Overview – Wealthcreator

33 sec read

nifty

[wp_ad_camp_5]

 
Nifty future closed the week at 8381.65. There were only three trading sessions for the week. The week witnessed again buy on the dips as expected since we are in short term uptrend. Despite facing the selling pressure in the 1st half of the trading session on Friday nifty bounced back strongly in second half and closed around the opening of the day.

Now week ahead beginning from 10 November 2014. Nifty future will face hurdle at 8420 once this level sustains next round of buying shall happen in market for next resistance at 8480-8550 the major resistance is now at 8600 plus levels thou we doubt that to see soon but trend is up so avoid any guesswork to keep shorting because its too high.

The supports for market is at 8325 and 8260 if market remains below 8360 in second half of Mondays trading session one can initiate shorts with protective stops of 8420 for a price target of 8260

Mohit Jhanji Trading in Stock Market Since 2006. Iam working as a Technical Analyst in Wealth Creator. Wealthcreator.co is a research firm. We have Been Serving The Traders Of Indian Stock Market, Commodity Market From Past Seven Years With Tailored Products To Meet The Needs Of The Individual Retail Trader, Brokers,Corporate & High Net Worth Individuals & NRI’s.

Nifty Short-Term Trend Turning Negative – Market Profile Update

The short-term trend for Nifty appears to be shifting towards the negative, encountering intermediate resistance in the range of 21920-21950. Additionally, a top-down analysis...
Rajandran R
1 min read

Nifty Futures – Short-Term Overview – Feb 2024 Futures

Nifty Futures is a short term is likely to test the G2 High reference level around 22200. Short Term Supports are formed around the...
Rajandran R
46 sec read

Nifty Sentiment likely to turn Positive?

Nifty Futures is likely to have a short truncated week. And last Saturday's trading session showed a comeback of Bank Nifty despite Nifty Futures...
Rajandran R
31 sec read

Leave a Reply

Get Notifications, Alerts on Market Updates, Trading Tools, Automation & More