Nifty futures technical graph updated on 07th May 2015, Thursday.


Nifty futures witnessed on of the sharp fall for year 2015 its mainly because of block deals and foreigners sold the contracts from last couple of days. Overseas investors too sell with a combined $475 million of local shares.
As per candlestick studies nifty futures has shown long bearish candle this indicates bears will be favored in coming days and further fall can be seen.
Nifty futures also trading below its important support zone i.e 200 days moving average this indicates as long as nifty trades below 200 DMA bears will be favored. Suggested article - nifty futures trading guide.
Even nifty major technical trend indicator "MACD" is moving in a negative zone this too indicates bears will be favored.
On down side Nifty will find strong tend line support at its previous bottom, if nifty takes this support then we can see some bounce back but if it closes and holds below its previous bottom then further price fall can be seen in next few days.

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What is Intraday Tips ?

Q. What is Intraday Tips / Inraday Trading / Delivery trading.

A. There are basically two types of trading on stock market--
1- Delivery
2- Intraday

Delivery trading is one in which shares are bought and can only be sold after they are delivered by the broker.that means that they cannot be sold the same day , and delivery takes two to three days after they are bought and then they are ready to be sold.

Intraday trading which takes place for that very particular day and there is no delivery..they can be bought and sold the same day...and are automatically sold at the end of the trading session if you have not sold it by yourself during the trading session. The person who suggest such types of forecast is called

Intraday Tips