Stop Gambling Start Investing

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.

JOIN GROUP "NIFTYTODAYTOMORROW" AT FACEBOOK. FOR PAID SERVICES LIKE MONTHLY CALENDAR OR ADVANCE CHARTS MAIL US TO janinishant@gmail.com OR nishantnjani@gmail.com

Friday, February 14, 2014

Morning Mantra for 14th Feb 2014

Nifty future closed 5998 on 13th Feb 2014 down by 101 points. Yesterday Nifty future made a high 6104 and low of 5997. SGX nifty up by 39 points at 6036. American market closed positive, European market closed positive and Asian trading positive today. Now SGX up and we up with gap up effect. On Monday we have vote on account for budget suddenly now keep fingers crossed…. Yesterday we had major selling may be because of Vote on Account of budget.

We have headline in one of the trusted website “Nasdaq up for sixth straight day”. If you refer to our weekly outlook we written I quote “In January when we have tapering effect by US, we were having negative effect in global market and in also their currencies. Dollar was getting stronger against the world currencies (Seen major fall in world market). In February tapering is continued even with a higher pace means US market is stronger and because of this we see false gap up opening in our Indian market but don’t have strength to go ahead or rise in market. We doubt, FII’s or hedge funds are making basket selling just to hide things. Even in past when we have strong undertone we could not sustain at higher level or could not rise, Even Thursday and Friday give indication of this”. Same effect is seen now in our market.

Today we expect nifty to take support around 5975,5960 at lower level and resistance around 6044,6070. We have mix trend. After long days we see little positive buying from FIIS again today but screen gives us different result. After opening higher we might see again profit booking in market. If you observe on positive days we ignore positive news but on bad days we fall heavily. On posting positive result none of companies risen higher but on bad results companies punished heavily.  Again we request keep your positions light because of vote on accounts.

On 12th Feb we written

In nifty future who taken carry forward position after looking our calendar or charts can book profit between 6115 to 6135 or keep trailing stop loss. We are positive for throughout day it make no sense to make fresh entry in all resistance zone between 6120 to 6150 (6120,6135,6150). We have events lying of Rail budget vote on account, CPI & IIP data end of day. Further we have mixed trend for today and tomorrow. So risk reword in new entry at higher level is not favorable however aggressive traders can trade for margin gains.

Please do not carry forward any long or major position today ahead of all the data or be light in positions.

On 13th Feb we written

Today we expect nifty to take support around 6045,6070 at lower level and resistance around 6124,6135. We have mix trend. After long days we see little positive buying from FIIS. Today we may see choppy trend in market. As SGX suggests we may open in rage between 6110 to 6120 and we may post high around 6135 to 6140. All this high price zone in nifty future are according to us resistance zone so nifty future will always found difficult to cross. Nifty future might see negative bias after European market opens in negative. We might close flat to negative of 5 to 10 points in nifty future. Overall conclusion is we trade positive in initial trading but as market progresses we lose strength and close flat to negative. In nifty future we find very small trading range in market so traders are advised to churn their trading strategies with small margin of profits.

Thanks & Regards
Nishant Jani
9374083399


No comments: