You must read previous articles and watch the given chart carefully to
understand this article completely.
For 24 November 2015: -
On 23 November 2015: FII Net Sold – INR 35.37: DII Net Bought – INR – 90.28
A typical trade came at crucial level of 7850. Worse part is that this
choppy move came just before derivative expiry. I feel that with a high at 7905
one wave of rise has done for trading and next move is looking to be down. I have
a expiry target in the zone of 7760-7740 levels which is well 100 points down
from current levels.
For today’s trading session, I am expecting market to open on silent to negative
note. Technically the downside support is still at 7825-7800 for the day too. If
this support violates then we can see a rapid 50-60 points of fall. Bulls may
not find things greater.
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Strategy for Nifty November future – Nifty
Future may not have great trade in choppy days. Technical support is still at
7820-7800 levels but equally there are signs for the break of this support. This
can give a chance to trade on short side. I am not on long for the day and I will
search for the possibility of trading short side.
S&P 500 (USA) – This is
not so good as per trade near 2100 is concern. It may advance or it may not
advance and that’s the reason I do not used to buy at 2100 levels. Technically market
is still in no trade zone. As long as it is above 2070-2060 we can say this
level to hold. On other side it can see a possible dip from higher levels. It seems
that recovery has done but that’s my speculation only.
