BUY SELL STRATEGY 9 AUG

Trading strategy would be to Sell if market resist at 5,390 and Buy if support at 5,340.
First resistance for the Nifty is 5,367 and next resistance 5,396 and first support for the Nifty is 5,320 and next support at 5,302.

** TRADE AT YOUR OWN RISK AND LIABILITY , WE DO NOT GUARANTEE ANY PROFITS READ DISCLAIMER

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RUPEE PROBLEMS

The Sensex and the rupee are at critical breakdown levels after the stock market fell on Friday and the rupee was retesting its previous lows against the US dollar. The drop in the US equity markets on Friday might provide another downward nudge to Indian equities and the dollar rally could push the rupee lower on Monday. Readers of this column should not be surprised by the moves in the equity market and the rupee. We had mentioned that the Sensex was in a downtrend and was supported by the gap. The same is true of the Nifty. (Click here for charts of Nifty and here for Sensex) In last week’s article we mentioned that price gaps are demand areas and happen when the opening price of a day is higher or lower than the closing price of the previous day. Reuters When there is extreme demand prices open much higher than they closed the previous day. That’s what happened to the Sensex on 31 January when it opened at 16,965 after closing at ...

BANK NIFTY PERFORMANCE ON 10 JUILY 2013

BANK NIFTY SELL TRADE ON 10 JULY MADE 150 POINTS PROFIT

Nifty futures test 5000 mark; Asian indices slide sharply by Venky Vembu May 7, 2012

Hong Kong : The blood has barely been wiped off the trading floors after last week’s tumbles on the Indian markets. But already, markets are off to another bloody start to the week. Nifty futures are again sharply down in early trades on Monday, testing the 5000 mark on very weak global cues after election results in Greece and France over the weekend, and tepid US employment data on Friday, busted investor sentiment. (More details here .) Listen to market audio: All across the region, trading boards are awash in red. As at 7.30 am IST, most of the indices are down in excess of 2 percent. Tokyo, returning from a holiday, is down the hardest, playing catch-up with last week’s falls: it’s now down in excess of 2.5 percent. Hong Kong is down about 2 percent, and Sydney about 1.5 percent. Shanghai is faring the best of the lot, down only about 0.2 percent. We’re probably looking at sharp losses when markets open in Mumbai today. Reuters Nifty futures are do...

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