#nifty future

SGX Nifty down 380 points; Here’s what changed for the market while you were sleeping

In line with the bleeding seen among global peers, Indian equity markets are set to start the new week on a gap-down note. credit social media US stocks settled sharply lower on Friday after Powell’s speech, while Asian stocks felt aftershocks on Monday as they also traded with big cuts. The US Fed has signaled further rate hikes in the near term. Back home, all eyes are on Reliance Industries…

Nifty Future Weekly Technical Forecast [16-07-2022]

The week ended was a disappointment after the strong showing of the earlier week. We finished that one well but could not see any follow-through price action in this one. You can attribute it entirely to the goings-on in the United States market. Suddenly, it seems that everyone has made U.S. inflation our problem. Reminds me of a line I read recently, ‘the Dollar may be ours but the problem is…

Nifty Future Buy Zone Price 16,000—15,900 [Buy On Dips]

Writing in the column on June 25, I said, “…a possible point of forming a durable bottom. This straightaway means that the June 17 low should not be broken with any degree of conviction – meaning a bit of a poke here and there should be fine. With that as a caveat, we can now start thinking of longs as a clear stop-loss zone is available.” (more…)

Nifty Weekly Technical Forecast [06-06-2022]

Nifty Weekly Technical Forecast: In the previous column, we studied the range that had formed and how a breakout may occur from that to set the immediate trend. We discussed that a down-move may continue upon the down-breakout but that an upside break may still meet with supplies at higher levels. Thus the bias was still bearish. (more…)

Nifty Could Remain in the 17405-17855 Zone in The Near Term

Nifty Trading Zone: “Nifty after falling gap down has formed a hammer like pattern after a fall, suggesting possibility of an upward reversal. Advance decline ratio fell to much below 1:1 suggesting broad based profit taking in the markets.  Nifty could remain in the 17405-17855 zone in the near term,”. (more…)

Buy Nifty Between 17,100 to 16,700 | The Next Dip Will Still Be Another Buying Opportunity

Nifty Weekly Forecast: When playing the markets, particularly with trading, it would be wise to remember, always, one of the statements made by Elon Musk. ‘Success is one of the possible outcomes’, he said, talking about one of his ventures. (more…)

Stock Market: What’s dragging market today?

Stock Market: “Indian markets witnessed a sharp fall on the back of rising geopolitical tension between Russia and Ukraine. This geopolitical tension is leading to a sharp rise in crude oil prices which is another headwind for Indian equity markets. (more…)