Nifty did nothing in last 42 Trading Sessions…

NIFTY SPOT DAILY - 5 July 2018 (Second Version).png

Points to Ponder: Nifty Chart Attached.

1). Nifty Bull / Bear Surprise Factor is Clearly Missing from last 2 Expires (May, June).

2). Who Gained: Neither Bulls Nor Bears because sustained BUYING or SELLING was missing.

3). Who Lost: Undisciplined Traders both Intraday & Positional, Options (CE, PE) Buyers, Die-hard SGX Nifty Fans.

No one says, how long this would continue even from hereon…

4). Please decide what is the Most Important: Perception (SGX Nifty) or FACT (Nifty Spot Closing Price).

5). 200pts Trading Range for 11000 Index is Nothing. Nifty Pillar Strategy needs at-least 550pts, More the better !

6). Clearly, Nifty is not worry about Rising Interest Rates, Crude, &/or Falling USDINR, Global Markets; then, What Else is left to worry about, Earnings ?

7). Keep Eye on “BANKNIFTY Index” (range is even narrower then Nifty) and “IT Index” (TCS & INFY looks overbought).

8). Took Nifty June Futures Buy at 10810, did rollover to July Futures and Reversed to Short Sell at 10775, as shown in attached Chart, too.



Speak To Nilesh Jain for Query &/or Paid Services.

Phone Number / WhatsApp – 09900330558



Rocket Trades, SEBI RRA INH200002978