Tag Archives: nifty next week
My readers know that since end of January 2017 I am talking of 9180 on Nifty. Those who dont know the significance of 9180 should first read my January’s post Fresh Breakout? What Is The Next Target Of Nifty? My target is almost done and last week I had asked to create an anticipatory short in my post <a href="http://www.stockmaniacs.net/short-sell-nifty-futures-rs-24000-profits-holi/
Last trading day Nifty have finally closed above its short term resistance mark of 8820. Last Friday Nifty opened close to 8900 and tested 8820 from there on the downside, bounced up and retested 8820 again and finally managed to close at 8821.70. Now where is Nifty headed? Is it a breakout from the range?
Aparently it looks like a breakout from the range, still last day’s bear candle does not support a bull run either. The inherent bias is still UP, so buy on dips may be the strategy but
So, it is weekend again and we are here to analyze the last week’s trades and next weeks profit making trades. Now, next week is not a normal week. Tuesday is the Vallentine’s Day, so next week is the Vallentine Week. Everyone is looking for some bucks to make so that he can present his vallentine some precious gift.
Nifty next week: In the last week there was no much movement in the Nifty index and it almost hovered in the same area confined within 110 points range
Those who have read my last post on Nifty here at Fresh Breakout? What Is The Next Target Of Nifty? must have made good money buying Nifty. I clearly was bullish on Nifty and Bank Nifty and both the indices have made good money for long trades. So Nifty has reached almost 8750 post union budget 2017. Now what should be the trading strategy for Nifty? Should you short it? Should you buy now
Last 2 days Nifty ran wildly to end 3% higher last week. Even on the expiry day it has moved up sharply and closed above 8600. Now what can be the trading strategy in Nifty? The last short signal proved false as Nifty crossed 8461. Once again the market has entered a fresh bull orbit and it looks like some more steam is left before this rally ends. So now its time to decide what is the next target of Nifty?
GANN analysis shows that this rally will at least hit close to 8700 before any significant