Nifty future will move higher due to better Inflation numbers, Buy on Dips
Inflation has direct impact on the many sectors, like banking, Automobiles, Real estate, etc. This time WPI inflation has cooled down a bit, but poor monsoon in many parts of country still remains concern (negative) for our economy. I am positive on markets now as inflation came down, also I see banking sector to outperform nifty future in coming weeks. I also see IT sector has rallied much, from IT space I am bullish on TCS and on Infosys, trading strategy still remains buy on dips. On Nifty future charts I see creation of higher tops and higher bottoms, narrating me of clear uptrend. As I am trend trader I will be looking for only buying opportunities on every dips that’s my trading style.
Global markets are also looking both American and German markets were trending higher as seen on charts, so if global markets are having high liquidity then even our market will follow them and move higher.
Trading level for Nifty future: Buy Nifty future above 5365 level, for target 5415 and then 5505 level, stop loss will be very small for this trade and must be placed below 5335 level. I will use technical indicator such as slow stochastic indicator for taking entries into the trade. If you are interested in partnering with us for seminars on technical analysis, call +91-9970777789.
For last few weeks I was unable to come up with daily articles, as I am enjoying 20 days holidays at Gujarat and Rajasthan. I have returned today, be ready to read articles daily from now. Article published on 16 August 2012.
You Should Read This:
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- Nifty Future will consolidate before any more Upside Move Nifty future had moved from its low of 4500 to high of 5600, this move was 1100 points up move in just 1 month. Stocks from infrastructure sector have doubled in this period, on charts…
- Which direction nifty futures will move in this month? Looking at the daily charts we see nifty future will be moving much higher in coming trading sessions. Global markets like DOWJONES and S&P 500 are ready for fresh up move as momentum has already…
2012-08-15 13:38:07
Source: http://ournifty.com/nifty-future-trades-higher-low-inflation-buy-on-dips.html
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