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Ashish Ghosh is a NCFM certified research analyst for the global and Indian financial markets. With more than 15 years of experience in the capital market, Ashish has been published in high-profile online media regularly. He holds a B.Sc. in Math along with NCFM certification for Technical and Fundamental analysis. Presently, he is working with iForex as a financial analyst/content writer since 2017, analyzing mainly the global and Indian markets. You can reach him for professional levels trading ideas or signals through Gmail/telegram ID: ashishghoshjpg/asisjpg

Friday, 31 October 2014

Technical Outlook Of Nifty Fut(NSE-NOV):1-3days







NIFTY SPOT (NS) should give consecutive closing above 8177 zone for target of 8500 in short term. Positional support for NS is now 8090 zone.

Improving economic macros, various reform initiatives,positive FII/DII inflows, favorable assembly election outcome etc are all helping our domestic markets & its basically a "buy on dip" market for the last few quarters.

Globally also, there is no dearth of liquidity (thanks to EU ABS & recent Japan Pension Fund news) & Fed is in no hurry to increase interest rates at least until June'2015 with lots of caveats.

Trading Levels(NIFTY FUT- NOV):





Gap Up/Dw (Indicative)


SGX NIFTY 8245 47



        NF-NOV LTP 8198
             
             
  SL >/< 5 POINTS FROM SLR        
             
  Intraday Swing  Trader        
      T1 T2 T3 SLR
Strong > 8260   8279-8300* 8325-8356 8382-8400 <8240
             
Weak < 8240   8214-8198* 8172-8149 8120-8099 >8260







FOR  Conservative Positional Trader









      T1 T2 T3 SLR
Strong > 8260   8300* 8356 8400 <8240
             
Weak < 8240   8198* 8149 8099 >8260
             
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