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 Futures Novemeber Expiry Overview

46 sec read

Nifty

[wp_ad_camp_5]

 
Technical Update: Nifty Future November Series closed on strong notes on Friday’s trading session. After opening at 8420.50 it made lows of 8412 Nifty Future moved sharply up side on higher volume to make intraday high of 8512.90, A move of 100 points from lows nifty shut the shop for the day at close 8492.

Trend: Short term trend up, medium term trend & primary trend are up with strong supports @ 8410

RSI: RSI is trading at 71.69. From chart above one can clearly see the momentum is in favour of bulls for the market even thou there is a divergence in nifty chart but with less momentum still market is just heading higher and higher.

Stochastic: Another most used oscillator (Stochastic indicator) is been trading in over bought zone since couple of months.

Volume:  Friday’s trading session has seen higher volume’s as compared to previous five trading sessions.

 


 

Trading Strategy: Any Intraday dip to 8460-8430 can be bought with protective stop loss of 8410 for a price target of 8530-8600. On the other hand if market rally’s to 8530-8600 in coming week. High Risk Trader’s can enter 8600 Put December Series with stop loss 8650 close bases.

 

Discloser: I have no personal holding in this counter as of making of this report, may have recommended to clients.

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 Futures Market Profile – Shorter Term Trading Outlook

Nifty Futures on Tuesday's trading session ended flat with a rotational auction which resulted in an inside bar and prominent POC formation. Lower volume...
Rajandran R
24 sec read

Nifty Futures Expiry Week Market Profile Outlook – Aug…

Nifty Futures is nearing the monthly expiry and currently, the overall trend remains down with a focus towards the 18950 - 19000 zone. Last...
Rajandran R
19 sec read

BankNifty August Futures Market Profile Outlook

BankNifty Futures sentiment turned negative post the RBI Policy announcement. Profile distribution completely traded down below the Thusday's Prominent POC which could act like...
Rajandran R
34 sec read

Leave a Reply

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