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Monday, 24 August 2015

Nifty analysis for 24 Aug 2015 and forecast for 25 Aug 2015 - 24 Aug 2015

Hi,

Nifty has gone past every one's expectation, and fell more than 5% to close at 7800. We didn't expect markets to fall sharply to such an extent. But as markets were moving according to our time forecast, and 24th Aug was to be a bearish day, so we didn't try our heroics and remained in short side and made good money. 

Time forecast is turning out to be good weapon in our trading arsenal. Sticking alone to Time forecast can be devastating, but when we combine with our trading setup, then it becomes an indispensable tool.

Markets now will remain in strong buying pressure at lower levels, as we are approaching expiry, and shorters are making a killer profit. One big Short covering is not ruled out and we are also now out of bearish time band. 

Trading strategy for 25th Aug 2015

1. Sell any rise towards 7882.
2. Buy any low in morning session downward momentum before europe opens.

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