Morning update Mon, 5thJan:
The much awaited stimulus package, bullish US & European markets on Friday and the gap up open for Asians today morning could make traders ‘biased’ for 3.1K+ levels but it could be a ‘bull’s trap’.
Though the Asians opened gap up this morning, they could loose their opening gains gradually and there are strong chances to close in red.
As already mentioned in update for Friday, expect a flat or +ve open for Indian markets. However this bullish move would be for a very short life (just first hour of trade). Those who are long should exit at open itself and initiate short (NF) or buy 3100PE / 3000PE. The nifty may try to retain levels for first hour of trade followed by drifting to close in red.
The breach of 3010 would impart upper edge for bears and Tue indicates strong chances for a gap down open. The traders may carry their shorts / PE for Tue.
http://niftypredictor.blogspot.com/
Morning update Fri, 2ed Jan:
Morning update Fri, 2ed Jan:
The New year started on a +ve note and nifty touched 3050 mark as mentioned.
With many bullish signals indicating the probable target of 3.1K levels, the market is heading towards the possible fall on Mon.
Today’s trade & Mon open would be a intermediate phase between the achieved rise and probable fall ahead.
Though the Asians (Hangseng) opened on a highly bullish note, their up move is likely to be restricted after Indian open.
The traders should prefer intra-day trade with strict SL for either side. Any indications for weakening after a few minute of trade should be used to go short or buy 3100PE. The open for Monday would be a hurdle to carry those shorts and the traders should judge better with relation to performance of Europeans and Dow futures. (one may enter short / PE after Mon open also to avoid risk)
On Monday, the Nifty would drift after open followed by a gap down on Tue and the shorts / PE could generate good profits.
http://niftypredictor.blogspot.com/
The New year started on a +ve note and nifty touched 3050 mark as mentioned.
With many bullish signals indicating the probable target of 3.1K levels, the market is heading towards the possible fall on Mon.
Today’s trade & Mon open would be a intermediate phase between the achieved rise and probable fall ahead.
Though the Asians (Hangseng) opened on a highly bullish note, their up move is likely to be restricted after Indian open.
The traders should prefer intra-day trade with strict SL for either side. Any indications for weakening after a few minute of trade should be used to go short or buy 3100PE. The open for Monday would be a hurdle to carry those shorts and the traders should judge better with relation to performance of Europeans and Dow futures. (one may enter short / PE after Mon open also to avoid risk)
On Monday, the Nifty would drift after open followed by a gap down on Tue and the shorts / PE could generate good profits.
http://niftypredictor.blogspot.com/
Morning update Thu, 1st Jan:
Morning update Thu, 1st Jan:
Wish you all a Happy New Year.
Yesterday, it was a range bound trade with low volume as expected. Today, with most of the world markets being closed, expect yet another day with low volume but in a positive direction.
The traders may initiate long / call at the open for intra-day trade to cover at EOD.
Though the intra-day trade range is small, the crossover and trade above 2980 can take nifty towards 3050.
http://niftypredictor.blogspot.com/
Wish you all a Happy New Year.
Yesterday, it was a range bound trade with low volume as expected. Today, with most of the world markets being closed, expect yet another day with low volume but in a positive direction.
The traders may initiate long / call at the open for intra-day trade to cover at EOD.
Though the intra-day trade range is small, the crossover and trade above 2980 can take nifty towards 3050.
http://niftypredictor.blogspot.com/
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