FII long positions lowest in 5 years. Anand James explains how to trade in the week ahead
With Nifty ending July 3% weaker, FII‘s index futures long positions have now fallen to the lowest level in five years. July month derivatives data also saw lower rollover cost for both Nifty and Nifty Bank which indicates that traders are positioned towards a less optimistic August, says Anand James, Chief Market Strategist, Geojit Investments […]
Tech View: 23,350 key hurdle for Nifty; weak trend persists. How to trade on Wednesday
Nifty formed a small positive candle on the daily chart on Tuesday with a gap-up opening and a long upper shadow. Technically, this indicates an upside bounce in the market with a lack of strength to sustain the highs. The negative chart pattern like lower tops and bottoms is intact on the daily chart and […]
Tech View: Nifty ends week with Hammer candle. Here’s how to trade on Monday
Nifty ended Friday’s session with a gain of 250.50 points but well below the 24,400-mark and formed a Hammer candle on the weekly chart. On the daily charts we can observe that the Nifty has witnessed a fall from 25,100 – 23,900 and is now in the process of retracing that fall. It can rally […]
Tech View: How to read Nifty price, momentum indicators for Friday’s trade
Nifty on Thursday ended 162 points higher to form a long bull candle with a long lower shadow on the daily charts as the short-term trend of Nifty turned up sharply after a small decline. Having breached the recent highs of 22,249, the Nifty is expected to move towards the next upside target of 22,500-22,600 […]