Tuesday, 8 March 2011
Overnight View for Nifty (08-03-2011)
Mr.Market does it instyle. It filled the gap of yesterday and howering around that level, trying hard to cross over. Nifty need to close above 5512 today to gain further momentum upside. However no clear signals emerges. We are holding short in Nifty with SL at 5544 on closing basis. Tomorrows market action would be deterimental for some weeks to come. One can hold short in nifty with the said SL for todays closing.
Monday, 7 March 2011
Midday Outlook for Nifty (08-02-2011)
Nifty has been trading above 5500 mark most of the time during the morning session. The Key point for the day would be 5512; we need to see whether nifty will manage to close above the mark of 5512. Keep watching the space for overnight strategy.
Nifty Outlook for 08-03-2011
Nifty bounced from intraday low around 5420 yesterday, which happens to be the 50% retracement of the previous leg up. Today Nifty need to manage to go below 5420 and closes below it, for further downside movement. For the morning session we advise the safe traders to book profits on shorts build on friday around 5430. We wil keep you posted for the next possible moves on Nifty. Keep watching this blog for updates.
Overnight Stratergy for Nifty (07-03-2011)
Nifty is poised to close near the support level of 5465. Nifty needs to close below this level for more downside to follow; else there would be a intraday bounce in early sessions tomorrow before resuming the downward movement. For positional traders, HOLD NIFTY SHORT.
Sunday, 6 March 2011
Nifty Mid-Day View for 07-03-2011
Nifty broke the first support of 5465 in morning session and still holding on with selling pressure. Hold the short build on friday and will keep you posted about the overnight strategy. Now the close below 5465 holds the key for nifty for remaining days of this week.
Nifty Outlook for 07-03-2011
As said in the overnight call on friday, Nifty is piosed to open lower and march towards 5465. Around 5465 there exists a stiff support. We need to wait and watch whether the support holds for a day or two. Keep watching this blog for midday and overnight strategies.
Friday, 4 March 2011
Overnite Outlook for Nifty (04-03-2011)
As per the daily charts, we find an opportunity to go short in nifty, if nifty manages to close below 5575. Overnight Stratergy: Hold Nifty Short if Nifty closes below 5575.
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