DISCLAIMER: These notes/comments have been prepared solely to educate those who are interested in the useful application of Technical Analysis. While due care has been taken in preparing these notes/comments, no responsibility can be or is assumed for any consequences resulting out of acting on them.Trading in Stocks/Commodities/Futures Carry Risk
NIFTY FUTURES ( 5398.25) – 106.65 5291.6
Nifty Futures is entering the Capitulation phase.It is still moving in a downsloping channel. Lower level of the channel is 5306 and Upper level is 5643. One way to trade these channels is to buy with strict stoploss near the lower channel.Wait for it to move inside the channel.Failure to move inside the channels is bearish.
DAILY
NIFTY FUTURES ( 5398.25) – 106.65 5291.6
Nifty Futures is entering the Capitulation phase.It is still moving in a downsloping channel. Lower level of the channel is 5306 and Upper level is 5643. One way to trade these channels is to buy with strict stoploss near the lower channel.Wait for it to move inside the channel.Failure to move inside the channels is bearish.
DAILY