PowerTrades

NIFTY - Continues to trade in the range

NSE:NIFTY   Index of the 50 listed India companies
Market Bytes 02-Jun-2016
Nifty             futures: After 3 massive days we had 3 pretty range bound days without giving away much on either side. 8230-40 will be the berakout zone for target of 8280-90 and we can plan to take shorts below 8175-80 for downside targets of 8130-40. aggressive scalpers can continue to look to play pullback trades within this zone.
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Comment: Market Bytes 03-Jun-2016
Nifty futures: Yesterday finally managed a close above 8230 levels. This augers well for long trade above 8230 ( in case of a gap up in dips to 8230-40). WE can use 8205 levels as stops. similary short can be initiated in rise to 8290 or on the downside below 8185 levels.
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Comment: Market Bytes 06-Jun-2016
Nifty futures: Againa a small range day. Expect NIFTY Futures to trade listless between 8220-8265 range. Scalpers can look for pullback trade within this range else otherwise its prudent to look for a break of this level on the upside/downside. Swing Traders can expect to look to maintain the downside stops at 8185 levels. This will be swing deceider in the recent up move.

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Comment: 07-Jun: NIFTY Futures played relateively on the weaker side and almost again traded on the zone we mentioned.
providing opportunities for scalpers. For today again openinig was made near 8265 which will conitnue to hold as a resisitance.
On the downside intraday trend decider is at 8230. expect markets to weaken and test yesterdays range if that breaks.
swing wise still remains range bound until until 8265 or 8185 cracks on either side.
#nifty #nse #intraday #trading
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