abhishekmittal1

abhishekmittal1 Updated 

Likely range for the day - 20019/20246 Fall in broader market was more than that Nifty's closing represented in the last session. Clearly its time to trade Index and/or selective stocks. Traders are cautious due to rising brent, dollar index & ahead of Fed's meeting this week. Other major global events are also lined up from China & Japan this week. Overall...

abhishekmittal1 Updated 

Very high volume, bullish kicker candle, 3.7% fall in Indiavix in the last trading session, all indicates that the uptrend is likely to continue but cautiously since crude is at all time high. Markets may see a more confident movement post the Fed's meeting this week. Likely range for the day - 20074/20307

abhishekmittal1 Updated 

Nifty's base has shifted higher. Traders are being cautious at higher levels because of rising Brent. Also, maybe the market is waiting for Fed's decision on rate hike in next week. Domestic markets are fine otherwise & are expected to linger higher toward 20250 in next 1-2 sessions. Today's likely range - 19950/20250

abhishekmittal1 Updated 

Nifty has support at 19950 now & is poised to touch 20200 in next 1-2 trading sessions. The momentum can take it to 20275 after a mild resistance at 20195. Markets are susceptible to negative news at all time high levels. So hedge positions if trading in F&O. Likely range for the day 19946/20193.

abhishekmittal1 Updated 

Pressure on Nifty may continue for 1-2 sessions post which Nifty is likely to reach 20200 & up. Indiavix has risen again yesterday indicating bears are in a mood to stand up against bulls. Upside looks restricted to 20150 and downside to 19836 today.

abhishekmittal1 Updated 

Nifty closed near day's low in red with high volume indicating a negative trend. Trend indicators also confirm a short to medium term down trend. Its a sell on rise market. Nifty will remain in a sideways to down trend in near term & every will be an opportunity to sell/exit longs.