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.

Wealthcreator – Nifty Future Trend Analysis Lookup

48 sec read

Nifty

 
Markets playing seesaw one day 100 point up and another day 100 point down, it gets frustrating as a trader sometimes if you get such moves and on the contrary it gets rewarding for the newbie’s who rely purely on luck of buying or shorting as they get an escape out of there positions or even profits sometimes. Nevertheless this is not how professional trader’s will  trade.

THE TREND IS YOUR FRIEND & Trend is Short term down

The short term trend for Nifty Future is down the reversal point is above 8010 close till then the rally’s are for entering shorts with protective stops above 8010.

Friday’s trading session opened with a gap down and continued its downward journey after consolidating in tight range for the day. Nifty Future closed the week at 7886.8 after making the intraday high of 7948. Now ahead on 13/oct/2014 below 7870 the gates open for 7820-7800 once these levels are broken with volume the bulls will have to run for safety as it will be a bear’s frenzy and market could correct to 7650-7600 in coming sessions. major resistance at 8010 only above this bulls will be back.

Trading Strategy : Option traders can buy 7800 Puts with 8010 stop loss, FNO traders short Nifty future below 7870 sl 8010 tgt 7650
For more details you can write me at [email protected] or use comment section below

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.

Sell in July and Go Away – July Market…

Markets have been one-sided in Nifty Futures this week. However, the development of information is quite serious and the market-generated information brings the odds...
Rajandran R
28 sec read

Short Covering from an Extreme Short Term Inventory –…

Nifty trading inventory goes short to too short as on last Monday trading session followed by a short-covering rally and this inventory adjustment process...
Rajandran R
22 sec read

State of the Market – 20th June 2022

It's Monday morning and SGX Nifty is trading sub 15300 levels and a little bit of nervousness in the markets as the last Thursday's...
Rajandran R
1 min read

Leave a Reply

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