last week our decision to stay away from Nifty50 till it found support turned out to be a good one!
here is the link to our market study last week -
https://marketwalas.blogspot.in/2017/04/learning-stocks-market-outlook-10417.html
Nifty50 is now in a proper no trade zone!
Also, Interestingly, short term SELL signals are getting activated.
For a little while, Nifty50 can face resistance everytime it tries to move up!
No BUYING can happen till Nifty50 retests 9000 n finds support there! or takes out the
recent high above 9270!
Short term SELL possible below 9125 (Nifty50 has not fully broken down yet. So these will
be short term trades. So advisable to keep volume low and stoploss strict!)
Why would you keep your long positions on a index! if you find it is not going up!!
Note : Last week we found Sensex to be a bit more negative than Nifty. The same thing is
visible this week also!! which is of course not very good news for bulls ...
NiftyBank has got stuck in a trading range (21750-21300)
So till this range gets resolved, Nifty Bank is in a no trade area!
in the short term it looks tired also.
look for support to come in near 21200 before buying.
Long positions in Nifty Bank can maintain a trailing stop at 21350 or can get out if the
range persists!
Nifty Bank can again be bought only above 21800!
Short term short sell signals will start to appear below 21350
Full week of trading this time.
Q4 results are likely to cause volatility!
here's a link to the results calender if you wish to check -
http://www.moneycontrol.com/markets/earnings/results-calendar/
Volatility is set to rise in the coming weeks!
So if you are taking options trades in individual stocks, please check volatility
readings!
The choice to buy Futures is always there!
Sectoral Index view -
Nifty IT is down. Short sell on all rallies till 10600 is crossed on the upside!
Nifty Energy looks like it has finished its upmove for now and a period of
pause/correction has almost started!
Personal Note: The view of previous week getting confirmed now.
Index looks like it has finally decided to take a rest!
Short term short sell ideas are also appearing.
This week also, Looks like there could be lot more interest in stocks outside the index.
looking at mostly short/medium trades.
This is now definately not an area to buy for the long term!!!
here is the link to our market study last week -
https://marketwalas.blogspot.in/2017/04/learning-stocks-market-outlook-10417.html
Nifty50 is now in a proper no trade zone!
Also, Interestingly, short term SELL signals are getting activated.
For a little while, Nifty50 can face resistance everytime it tries to move up!
No BUYING can happen till Nifty50 retests 9000 n finds support there! or takes out the
recent high above 9270!
Short term SELL possible below 9125 (Nifty50 has not fully broken down yet. So these will
be short term trades. So advisable to keep volume low and stoploss strict!)
Why would you keep your long positions on a index! if you find it is not going up!!
Note : Last week we found Sensex to be a bit more negative than Nifty. The same thing is
visible this week also!! which is of course not very good news for bulls ...
NiftyBank has got stuck in a trading range (21750-21300)
So till this range gets resolved, Nifty Bank is in a no trade area!
in the short term it looks tired also.
look for support to come in near 21200 before buying.
Long positions in Nifty Bank can maintain a trailing stop at 21350 or can get out if the
range persists!
Nifty Bank can again be bought only above 21800!
Short term short sell signals will start to appear below 21350
Full week of trading this time.
Q4 results are likely to cause volatility!
here's a link to the results calender if you wish to check -
http://www.moneycontrol.com/markets/earnings/results-calendar/
Volatility is set to rise in the coming weeks!
So if you are taking options trades in individual stocks, please check volatility
readings!
The choice to buy Futures is always there!
Sectoral Index view -
Nifty IT is down. Short sell on all rallies till 10600 is crossed on the upside!
Nifty Energy looks like it has finished its upmove for now and a period of
pause/correction has almost started!
Personal Note: The view of previous week getting confirmed now.
Index looks like it has finally decided to take a rest!
Short term short sell ideas are also appearing.
This week also, Looks like there could be lot more interest in stocks outside the index.
looking at mostly short/medium trades.
This is now definately not an area to buy for the long term!!!
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