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Tuesday, 25 August 2015

Nifty analysis for 25 Aug 2015 and forecast for 26 Aug 2015 - 25 Aug 2015

Hi,

In our last report http://blog.tracknifty.com/2015/08/nifty-analysis-for-24-aug-2015-and.html we mentioned about buying coming at lows, and today it happened just that. Nifty made first session low of 7667 and zoomed in no time. It found enough resistance at 7882 entire day and if you followed our strategy to sell near 7882, you must have made good money.

Today FII continued their selling spree in cash segment but were strong buyers in derivative segment. World markets too are very supportive to go long. Almost all stocks zoomed sharply probably due to short covering as expiry is only 2 days away. This short covering is likely to continue and should take Nifty towards 8000.

We are expecting Nifty to hit 8043 tomorrow.

Trading advice

1. Buy any normal opening with stop loss below 7880 for target of 8000.

2. Buying area is only above 7882 spot.

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