Wednesday, February 4, 2015

Update on Nifty Future

If Nifty Future closes above 8850 today Market is likely to have hit a short term bottom!!

Update on Nifty

The Open Interest data is not suggesting much bigger fall though but trading may be difficult and volatile this month.  Option trader should take special care.

Update on Nifty

Market is at risk point of a deeper correction. As par the chart posted yesterday by Neowave principle prices may go back to the Apex point of a limiting triangle as well. So, caution with trades. Chart labels will change a bit if such a thing happens.

Update on Nifty Future

8851 is the crucial level for the day.

Nifty Future Data Levels for 4th Feb, 2015

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Negative)
-- 8833-8843 - 8851-8863 - 8868-8875 - 8881-8886 - 8904-8909 - 8926 ++ 
---------------------------------------------------------------------------------------------------------------

Banknifty Future (Bias - Negative)
-- 19424-19461 - 19516-19531 - 19575-19698 -  19812-19917  -  19953-20029 ++
---------------------------------------------------------------------------