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Nifty trend was volatile on budget day and made an intraday high of 5477 and finally lost much of the gain and closed at 5333 with slight gain .
INTRADAY EQUITY TIPS FREE
NIFTY FUTURE-CMP(5470.35) is currently in SIDEWAYS trend . Yesterday the trend was BEAR In Feb series Nifty future shed 29.33 lakh position in Open Interest and this accounts to -14.3193296182 % of Total Open Interest in Feb series.The Nifty Feb series is trading at 1.15 Rs premium to Underlying . In derivative cumulatively for all series contract Nifty future net shed 3.27 lakh position in open interest and this accounts to -1.06 % of Total Open Interest in all series and cumulatively trading in average premium of 17.58 Rs to Underlying. The open interest is also increasing with trend and premium of share is also increasing indicating bull move.
BUY NIFTY 5500 PUT @ 66 WITH SL BLW 60 TRG 72 79 88++++++++++
NIFTY FUT BLW 5465 DOWN TREND…………….
BEST NIFTY TIPS FREE
Visit : http://goo.gl/6Qqf
GOLD-INTRADAY TREND - Buy is advised only above 20511.2 with a stop at 20279.2 Below 20229.2 go for sell and put stop at 20461
Buy the share if open above 281.6 or above 285.6 with a stop at 272.5 Sell below268.5 or sell if open below 272.5
Short BPCL Feb Futs at Rs573.50 with SL of Rs578.50 for target of Rs560.
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When there was gloom and doom everywhere we are the first and only one to write the above headline. And note it always pay to stay ahead of others especially in the stock market. Last two trading days silently telling one thing i.e., bears do not have conviction to carry on their short positions. They are more frightened than bulls as losses of the entire day are made up in a few minutes. Fundamentally nothing has changed at macro level in the last few days. High inflation and scams are the part and parcel of every Indians and we have to live up with it. One very interesting thing take to note for every investors that after one down day every analyst on blue channels turn bearish and with every recovery changes his or her stand adding to the confusion of investors. MARKET today will open flat and remain positive in the first half. It will become volatile in the second half and face technical resistance at 5780, 5800 and support at 5700, 5680. Any close above 5840 with volume may see NIFTY testing earlier highs of 5980 levels. The end session today will result in volatile market. Hence trade with alert eye and keep your stop handy.
Markets are now a day become very volatile and move both way depending upon the news flow. Day traders are having the field day as high volatility provides better day trading opportunity.