Intraday Software Using Trading Strategy For Generating Buy Sell Auto Signals

NIFTY RANGEBOUND—STOCK MARKET DIRECTIONLESS

The stock market appears to halt at a tri-junction with no absolute clue about where to move. CNX IT, however did manage to bounce back for two days but it is clearly looking like more of an bounce back when intraday indicators were slightly oversold and the index kind of manage to hold on for couple of days. It recorded about 100 to 150 pointy kind of a bounce back. The chart analysis indicates some crucial movement from here. The nifty future might see a upward swing after a sharp correction.

Notwithstanding the fact, this kind of a decline was not expected. For Infosys, 2150 is an important weekly closing pivot that could be a good target for it. In fact, that is something which Intradaytrading software looks for making a pretty sure intraday trade in the stock.

The technical analysis of the nifty states that it might actually be slightly more sideways between the range of about 5600-5640 on upside and to about 5500 on the downside until something out of blue falls.

The bank nifty after a good correction seems to the pretty well adjusted and buying are also seen happening in the high beta stocks like reliance capital, reliance infra and that too in the last hour of the intraday trading session which show that market though in range bound but will try to break out before expiry.

The CNX IT right now exactly is at its 200 day average so may be Infosys will fall more but you might see some kind of stabilization coming in from the other component of the CNX IT. Therefore, nifty has good reason to maintain the range to be as broad as about 5500 to 5490 in the downside and about 5600 on the upside before eventually heading towards 5420 that is kind of trading strategy one should have in nifty future and nifty options.

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