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 Weekly Research Report

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Nifty Future

Nifty Future Hurdle Area 8080-8120
A sharp correction and a rally has been seen the past week in FNO September Expiry. After making the high of 8176+ for the week the market plunged back down to 7884 testing its 50 day moving average on Thursday’s trading session. Bulls were in panik and bear’s after such a long time had a small share of the joy.

Nifty Future

 
The Decline was accompanied by heavy volume and there was a long unwinding in most stocks and sectors. The Sept Future expired @ 7902+.

Friday session witnessed a dramatic turn around in index future, after opening decent and making a high of 8018 for the day market saw a correction and tested the new intraday lows of 7897 (around 50 DMA) and there was a sharp recover in the later half of the day. The markets covered and all round buying seen in banks and nifty stocks the market made an intraday high of 8057+ and closed the week at 8031.90

For week starting Monday 29th September 2014 the Nifty Future will face still resistance at 8080-8120 range if manage to close above this level the Bulls will become active again and expect a buying frenzy in stocks. The index shall run for 8200 and there after 8500.

On downside the supports for nifty future are at 8000 & 7960 Major TREND will reverse below 7900 only now ! For specific nifty future trades u can mail me at mohitjhanji@gmail.com

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.

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