Indian Markets Futures Trend Update - 06 January 2011

Nifty Futures
Swing : DOWN
SAR : 6209
Low risk entry : 6155
Target : 6060
Bank Nifty Futures
Swing  : DOWN
SAR :11750
Low risk entry : 11625
Target :11300

ICICI Bank  Futures
Swing : DOWN
SAR : 1135
Low risk entry : 1115
Target : 1070


  1. Anuj Sir,

    Todays *

    FII- -240.3

    DII- -101.75

    Both are in selling mood.

  2. Good Morning Anuj.

    Expect Nifty to move high today, as sgx nifty is up 22 pts.?

  3. Good morning all

    Thanks for update about FII and DII(Desi Institutional investor :) )

    Yes SGX is up,divergent short term trends in global markets.S&P furures moved up intraday yesterday while euro went down sharply.We should not look east or west but trade as per our plan and strategy.So the plan will remain to sell on rise possibly close to low risk entry.Or when we see negative divergence on 5 mins chart and price below sar level.

    When we see too many indicators or variables,we will have confusion and nothing else.I try to restrict my self to prices only.And plan at EOD.

    I checked Axis bank Chart.Yes you are right SAR would have been around 1340.Gap area of friday's trade.It must have been a difficult trade to manage for the longs as it went down swiftly below SAR.

    Good luck everyone

  4. Thanks Anuj for the clear picture.

    Good Morning rm.