Nifty
CMP 10775
Yesterday we were able to capture the fall and made the most of it...
Analyzing yesterday's trade data
- Retail participants have Net neutral stance on Nifty futures
- FIIs are having a positive bias and
- Pro traders are having a Bearish stance on Index Futures
PCR has cooled off to 1.22 from 1.43 yesterday.
Now Every one is waiting for the Result calendar to start... With TCS results set to be announced after market hours, today we might be confined in a range. Neither the Bulls nor the Bears want to give away their ground..
- Prima facie Broader range for Nifty looks likely to be 10855 - 10662
My trading plan... my best trade for today is No trade ...This is a no trade zone for me ... And I would wait till tomorrow for fresh cues.
Why take risk unnecessary...???
Take care & safe trading...!!!
Take care & safe trading...!!!
CMP 10775
Yesterday we were able to capture the fall and made the most of it...
Analyzing yesterday's trade data
- Retail participants have Net neutral stance on Nifty futures
- FIIs are having a positive bias and
- Pro traders are having a Bearish stance on Index Futures
PCR has cooled off to 1.22 from 1.43 yesterday.
Now Every one is waiting for the Result calendar to start... With TCS results set to be announced after market hours, today we might be confined in a range. Neither the Bulls nor the Bears want to give away their ground..
- Prima facie Broader range for Nifty looks likely to be 10855 - 10662
My trading plan... my best trade for today is No trade ...This is a no trade zone for me ... And I would wait till tomorrow for fresh cues.
Why take risk unnecessary...???
Take care & safe trading...!!!
Take care & safe trading...!!!
If I have to give a shorter range for the day
10795-10710 looks likely the range
Closing figure could be between 10733 - 10765
Disclaimer
- The view expressed here is my personal view & can change during the course of the day
- Use this for educational purpose
- Any decision you take you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be