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Nifty future could not give closing above the strong resistance level of 5450 last week and consolidated in the range of 5350-5450. On daily charts, breakout from this consolidation on lower side is expected where nifty may find its next support near 200 day EMA which is 5200. For, today’s session if it slips below [...]
Markets remained cautious for yet another day and nifty future traded below 5400 for most part of the session while weak opening of European markets made nifty future to slip towards support level of 5340. Now, if the crucial level of 5300 breaks then nifty will trade in the weak zone of 5200-5265 for today’s [...]
Markets had a gap up opening on mixed global cues but not sustain on higher levels. Opening of European markets in green also not support Indian market, Nifty continuously made new lows and got support around 5400 mark. Today 5400 play vital role for nifty, on intraday if it is maintain above 5450 then we [...]
Markets had a gap up opening on mixed global cues. It was a relief rally after four day losing streak. Once nifty future crossed 5400 level it was able to sustain above this for the whole session and closing above 5440 is providing some strength further. Now, if it consistently trades above 5450 then bullish [...]
Bears played a vital role and dragged nifty future into negative territory from the onset of the week and situation get worsened when European markets opened in red. As it surpassed 5400 mark it came in the weak zone and its closing indicates further plunging towards 5200. On Friday, buying interest was seen from FII [...]
Nifty future opened the march series on a positive note but soon drifted below 5500 level and slipped further towards 5450 mark. Finally, it ended the week on weak note of 5487. Now, for the coming week, it needs to maintain above 5500 to gain strength. For intraday session, 5450 is an immediate level below [...]