TrackNifty
 
Free Nifty F&O calls for full one year

Monday, 3 February 2014

Nifty February 2014 series analysis forecast for 4 Feb 2014 - 3 Feb 2014

Hi,

Nifty February 2014 derivative quote - 3 Feb 2014 - 6039.70 .

Nifty tanked beautifully today shedding more than 90 points and making low below 6000.

Nifty formed Dome Chart Pattern entire day on 31st Jan 2014, article about which was written in education blog : http://nifty-trading-education.tracknifty.com/2014/01/domes-are-bearish-nifty-february-2014.html

And today what happened is clearly visible.

We are in a profit of more than 100 points now.

Our 6100 PE call has hit target of 120 and closed at 133.5 after making  a high of 139 giving a gain of more than 30%.

Nifty February 2014 series trading ideas were given here :

1. http://nifty-trade.tracknifty.com/2014/01/nifty-february-2014-series-trade-2-31.html

2. http://nifty-trade.tracknifty.com/2014/01/nifty-february-2014-series-trade-3-31.html


Advice for traders

If you are holding short positions, exit near 5972. More will be update during market hours tomorrow. Keep an eye on our blogs daily.




Anjum S Khan
admin@tracknifty.com
Admin/Analyst
TrackNifty.com