Friday, April 8, 2011

Dhanvarsha crucial Nifty Futures Levels and market prediction


 Almost flat opening is expected. With extreme volatility , higher crude prices (110 $ per barrel ), started  pressurizing on traders sentiments …Indian rupee is gaining strength which is creating pressure on IT companies ,maximum  stocks are trading at over bought zone . Japanese candle sticks  are giving reversal signals in many stocks …volume increased yesterday as profit booking was noticed ,  now market is in short term sell zone…advised to book profit at each swing high as market lost its upward momentum and now trying to breathe here ….… open interest in Nifty is showing that majority of market participants are confused …
where to go.. up or down ….FIIs initiating  short positions in index futures since three sessions and were net sellers in index futures yesterday …
Have a gud day 

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