VN Corporate VN Research & Consulting VN Sourcing Practice IndiaNotes
 Like us on facebook  Follow us on twitter  Follow us on LinkedIn  IndiaNotes on Google Plus  IndiaNotes on Pinterest  IndiaNotes on Stumbleupon  Subscribe to our feeds

Stocks  A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
You are here : IndiaNotes >> Market Action >> Technical

Nifty: Another sideways day

Mohit Gaba | 03 Aug, 2012  | Follow Author | Add to my Favourites 

NIFTY view for 3rd August 2012

NIFTY (5227.75)
The Nifty traded in a 30 point band the whole session. After seeing it move up and working hard to hold on to these high levels, the upside is limited. The Nifty might move higher, but odds are that a downward break is more likely, as the analyst has been mentioning there has been little support from the Bank Nifty in the recent up move. The analyst has gone short on Bank Nifty, a very aggressive and a high risk trade, but says he believes that it could have a good payoff if it works out. If one wants to assume short positions one could go short on the Nifty with a stop loss at 5250 – 5270 zones. Also note that technically the Nifty is still in an uptrend and a down has not been confirmed  

The author could be contacted over e-mail at

About Mohit Gaba

Mohit Gaba is a Technical Analyst and Trader. He has previously worked as a relationship manager at Citibank N.A (Dubai) and portfolio manager at ES Bankers Dubai Pvt. Ltd. After returning to India, he rejoined his father within the capital markets and has cleared the IFTA exam and is now a Certified Financial Technician.

For more information please write in to

Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor accept any liability whatsoever arising from the use of any of the above contents.

Reader's Comments

Post a comment
Be the first one to comment on IndiaNotes Xchange OR comment via Facebook


  • NCDEX CALL DHANIYA 19-12-14 SELL BELOW @ 13265.8 TARGET 13169.2 12954.8 12604.3 STOP LOSS 13407.1 HIT TWO TARGET GUARGUM 19-12- 14 BUY ABOVE @ 14163.5 TARGET 14257.1 14442.5 1474...
  • MCX CALL ALUMINIUM 28 NOV 14 BUY ABOVE @ 127 TARGET 128 129 130 STOP LOSS 126 HIT 128 COPPER FUT 28 NOV. 14 BUY ABOVE @ 414.9 TARGET 417 420.9 426.9 STOP LOSS 412 HIT 418 COTTON...

Technical Calls

What are technical calls?

Other Articles

Have a question?

Head of Research at FundsIndia - FundsIndia
Recently Answered Questions

[X] Amazon Deals