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SMALL ATTEMPT TO LOOK IN TO THE FUTURE.... DO YOU KNOW WHAT IS GOING TO HAPPEN TODAY & TOMORROW? WHAT WILL HAPPEN IN MARKET BEFORE A DAY, A WEEK OR A MONTH?NIFTY TODAY TOMORROW IS ACTUALLY AN ATTEMPT TO BECOME PROFITABLE VENTURE. TODAY’S PROFITABLE TRADING IS MUCH EASIER AFTER KNOWING TOMORROW’S TREND. SAME TIME IT BECOMES A NIGHTMARE TO TRADE WITHOUT KNOWING TOMORROW’S TREND.

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Friday, January 17, 2014

Morning Mantra for 17'th Jan 2014

Nifty future closed 6331 on 16th Jan 2014 flat by 1 point. As per our chart nifty showed performance. Nifty started profit booking from morning. We written profit booking up to 12:30 and nifty future made a low at 12:33 yesterday and started upward journey for rest of day. American market closed mixed yesterday. Dow closed -65 points -0.39%, Nasdaq 4 points 0.09%, S&P -3 points -0.13%. European market closed between -0.07 to -0.40% on yesterday. SGX Nifty shows negative points of 15 -0.23%, SGX Nifty future is trading at 6310. Asian market is trading flat to negative.
 
NIFTY INTRADAY SCIENTIFIC CHART 16'th Jan 2014
(Expected to happen during market timing)
Today as per our chart we see profit booking for entire day. As per our chart Market undertone is negative today. Our chart shows Negative trend only. TCS has given a good result and we are today waiting for RELIANCE, ITC, HDFCBANK, WIPRO. As we given calendar to valuable traders in advance. Calendar today shows red day means we are expecting nifty future close below -0.50%. We maintain that view nifty future today fall 30 to 40 points today. Nifty future has strong support at 6260 to 6270. Today nifty future has support at 6300,6280,6260 and resistance around 6350,6380. Next week is positive with trend (Next Week Charts already mailed to you yesterday) please go through it . We are expecting nifty future to take maximum support at 6270 to 6280 levels. Please note today four nifty companies posting their results also. Bank nifty and bank stocks may continue yesterdays down trend.

Thanks & Regards

Nishant Jani
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1 comment:

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