SGX Nifty is trading lower; Expect dead cat bounce from lower levels

Nifty futures: Last close 15730 Nifty futures looks weak below 15691 and could test 15655—15621 and then to 15540 levels. Above 15761… Target looks 15794—15826—15877 levels. Trade safely and wait for weekly settlement. Bank Nifty Futures: Last close 35411 Bank Nifty futures has support at 35200—35050—34900 and resistance at 35700—36100.

Read More »

Morning Update on Nifty, Bank Nifty; Trendy Reliance and NTPC

Nifty future: Last close 15896.05 Above 15934… Target looks 15958—15971—15996 levels. More and more upside rally we will see on a close shive 16000 levels on a weekly basis. Or else it could test 15848—15822—15761 levels again. Trade safely as there is less volatility in the market Bank Nifty Futures:

Read More »

Don’t jump for aggressive buying in Nifty and Bank Nifty; Looks scary

Nifty and Bank Nifty futures achieved our upside target successfully and slipped. Power of levels… Nothing else!! Nifty futures: Last close 15832 Below 15815… Sell it!! We will see a sharp downside panic till 15755—15710 then to 15589 levels too in the intraday trading session. Hurdle intact at 15960—16000 Fresh

Read More »

Indices are in a trendy mood; Keep an eye on steel sector stocks

Nifty futures last close: 15868 Watch 15877 levels carefully. Break and sustain above 15877 will take it to 15922—15948—15999 levels. More and more upside rally we will see on a close above 16002 levels. Panic below 15816 levels only A decisive break below 15816 will take Nifty futures to 15788—15763

Read More »

NOCIL crossed lifetime high; Fundamentals are reviving.

NOCIL is engaged in the manufacturing of rubber chemicals domiciled in India. Moreover, the Company has manufacturing facilities at Navi Mumbai (Maharashtra) and at Dahej (Gujarat). Nocil is trading around 240 and its previous high was 236.40. Therefore, Nocil is reviving its fundamentals and almost a debt-free company. Now, what

Read More »