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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

Thursday, 4 December 2014

Technical Outlook Of Nifty Fut(NSE-DEC):1-5 days







Nifty Fut(NF) should give consecutive closing above 8590 & then 8675 zone for target of 8750-8800 by next few days.

On the downside, 8535-8505 zone should provide good support for the time being.

Expect some cyclical corrections from intermediate top from time to time in our market, which may scale 9500 zone by March'15 (Pre-budget & rate cut rally) and 10500 area by Dec'15, if there is fulfillment of 2-nd generation reform in budget as promised by our FM.

Trading Levels: Nifty Fut(NSE-DEC)    





Gap Up/Dw (Indicative)


SGX NIFTY 8588 7



        NF-DEC LTP 8581
             
             
  SL (+/-) 10 POINTS FROM SLR        
             
  Intraday Swing  Trader        
      T1 T2 T3 SLR
Strong > 8535   8577-8590 8613-8650* 8675-8705 <8515
             
Weak < 8515   8485-8463 8443-8420* 8371-8336 >8535







FOR  Conservative Positional Trader









      T1 T2 T3 SLR
Strong > 8535   8590 8675* 8750 <8515
             
Weak < 8515   8463 8420* 8309 >8535
             
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