Nifty Hourly shows a short term negative trend formation with intermediate support near 2620-2650 with respect to the time(remember it may vary with time).
Be cautious if nifty drops below 2620. Also have an eye on Yen as it is trading near 14 years low CMP : 88.2 . Possibly Yen carry trade could happen on monday
Related Readings and Observations
Shorting IDFC Positionally in Futures
IDFC Future Price : Rs 153.50 IDFC has recently broken below both the GANN Shorter tern and longer term trend line. Now its time for positional players to short […]
MCX Crude – Recovery above 3210 Indicates Strength Both Short term (Daily Sentiment) and Very Short term sentiment (Hourly) in MCX Crude holds down. Sideways action is expected with a possible test towards 3170. However any sustainable […]
SGX Nifty Futures likely to be Terminated by August 2018 Last Friday, Indian bourses NSE, BSE & MSE decided to cancel licensing agreements for providing indices and securities-related data feed services to any foreign exchange or trading […]
Crude Technical Analysis – Continue Holding Support. Crude continue trading in tight range after finding a support just under $90 mark as mention in our last article. Last few days trading showing a slow down in downside movement while the […]
Nifty Open Interest Lookup for January Options Series Nifty Open Interest Pattern shown current 6200CE shows the higher Open Interest Builtup among the options series which indicates 6200 is the temporary resistance zone for the current […]
Change in Nifty OI Scenario Change in Open Interest Scenario today. 5100 Calls having higher open interest builtup which inturn indicates heavy call writing in 5100. It is suggested to long nifty only if sustains above 5100
Leave a Reply