Monday, 3 November 2014
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Nifty Futures Wrap 3 November 2014
Location:
India
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Nifty Futures Outlook 3 November 2014
Nifty futures hit fresh record high on Friday tracking sharp gains from Japanese shares after surprising move by the bank of Japan which announced expansion of its monetary easing measures. Nifty futures closed at 8352 with a high of 8358. Nifty for next trading session would have the resistance of 8400 if it breaks this level than having the next resistance of 8460 and in down side having the support of 8310 if it breaks this level than having the next support of 8260.
Strategy- BUY ON DIPS.
For more information visit our site
Location:
India
Saturday, 1 November 2014
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Weekly Bank Nifty Strategy 1 October 2014
Bank nifty future ended with fresh all time closing high in last week. Declining September inflation numbers build some hope of decreasing interest rate by RBI which boosts the sentiment in banking sector. Last week bank nifty closed at 16,483 with a high of 16,632 with percentage change of 3.10%. For this week bank nifty is having the resistance of 16650 and above this level next resistance of 16900 and in down side having the support of 16100 and next support of 15750.
BULLISH TREND BUY on dips till market closes below the level of 15500 .
For more information visit our site
Location:
India
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Nifty future has managed to keep the festivities alive with the indices clocking healthy gains. In fact, the nifty which is flirting with the 8000 mark made a strong comeback by registering gains after declining for four consecutive weeks in a row. Nifty future closed at 8,023 with a high of 8,039 with percentage change of 2.65%. Open interest addition was seen in 8200/8100 calls and 7900/7800 puts. Maximum OI concentration is placed at 8100 call indicating resistance for nifty and maximum OI is placed at 7900 put indicating support for market. For this week Nifty future is having the major resistance of 8040 and above this level having the next resistance of 8180 and in down side first support of 7930 and below this level next support of 7860.
Weekly Nifty Futures Strategy 1 October 2014
Nifty future has managed to keep the festivities alive with the indices clocking healthy gains. In fact, the nifty which is flirting with the 8000 mark made a strong comeback by registering gains after declining for four consecutive weeks in a row. Nifty future closed at 8,023 with a high of 8,039 with percentage change of 2.65%. Open interest addition was seen in 8200/8100 calls and 7900/7800 puts. Maximum OI concentration is placed at 8100 call indicating resistance for nifty and maximum OI is placed at 7900 put indicating support for market. For this week Nifty future is having the major resistance of 8040 and above this level having the next resistance of 8180 and in down side first support of 7930 and below this level next support of 7860.
Location:
India
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