Ticker

Sunday, February 8, 2015

8-2-2015 - NIFTY ( Futures )



            NIFTY ( Futures ) closed at 8711.90. This is a sixth day in a row of a down trend. As we already mentioned the levels like 8820, 8720 and 8660. We already broke the earlier two levels closed below 8720. So 8660 is quite visible now. Purely going by technical views and levels, if NIFTY trades
and sustains below 8660 even for an hour, will be a signal to exit the longs in NIFTY. A strong and sustained up move and for any fresh longs in NIFTY will be indicated Only and Only a daily close above 8820. Till then keep these levels in mind trade accordingly. Have a safe trading week… !!!



Posted by at
Labels:

2 comments:

  1. AnonymousFebruary 9, 2015 at 2:40 AM

    Dear Author,

    Can you pls clarify the following in the above post:

    1. These levels >8820, 8720 and 8660 are for nifty futures or spot?
    2. When you said the following:
    " if NIFTY trades and sustains below 8660 even for an hour"

    Again the same doubt here whether 8660 is for nifty futures or spot?

    Look forward to your reply.

    Thanks

    ReplyDelete
  2. MTP ResearchFebruary 9, 2015 at 10:03 AM

    Dear reader,

    Thank you for your comment. Please refer the NIFTY post's heading and the start of the post also. A clear and loud mention of " NIFTY ( Futures ) " is posted. Hope this clears the doubts.

    Regards

    ReplyDelete

Subscribe to: Post Comments (Atom)