Nifty Share Price / Nifty 50 / Nifty Futures today’s stats
Nifty spot LTP 10480.60 (+21.95, +0.21%) , Nifty April Futures LTP 10,495 , Nifty May Futures LTP 10521, Rollover Difference 25.65 points, Rollover percent 5.93% , Open Interest 368485 , OI Change 4.36%, PCR (Put Call Ratio) 1.37, Today’s Low-High 10395-10469. Top Gainer was Adani Ports and Top Loser was BPCL. Most Open Interest Up BPCL Most Open Interest Down DLF
Nifty Share Price / Nifty Futures Todays Trend, Support, Resistance, Prediction, Analysis, Target and View is given below
Nifty Share Price / Nifty Futures Today ended the day in the green again. Nifty Futures has now closed up in the green for the 7th day in a row so Nifty has moved perfectly along expected lines from the low of 9952. Just rewinf back and see at that point in time most traders were talking of targets anywhere close to 9700-9800 and now everyone is talking about targets of 11,000-14,000 and every one is of the view that Nifty is in bullish zone and that the bottom for this year is done around 10,000 area as we have said yesterday also that we do not share that kind of optimism for Nifty Futures for now at least and from a long term basis we do not see Nifty moving much higher, please understand our view in context that we are not saying that Nifty Share Price cant move a bit higher from current levels sure it can move up from here too but the point is that will that trend be tradable and more importanrly will that move and strategy of buying make moneybased on our analysis or view we do not think so. Nifty does have some decent support around 10300 for the near term but it also does have some good resistances on the higher side around 10650 so we have been advising our clients to just follow messages and trade for the time being and whenever the major trend resumes we will start taking aggressive positions once again but for the time being just trade as per messages once the main trend resumes you can take trades a bit more on the aggressive side but based on our analysis sometime is pending for that stage to arrive.
The next few trading days towards the end of the month of April are going to be very interesting. There are few good and powerful line up of Astrological signatures present and from a historical analysis correlation standpoint they have been well known to create some false moves possibly also moving past some resistances and supports in the near term so let us take a look at the line up in the coming days. Tomorrow Mercury goes direct, on Sunday there is new moon in Aries, on 17th the much talked about Saturn goes retrograde and Venus will be in opposition to Jupiter and ni a trine aspect to Pluto, on 18th Sun will conjuct Uranus, on 20th Venus will change house as per Vedic astrology, On 22nd Pluto goes retrograde and on 26th Mars will conjuct Pluto so all these are very important Astrological cycles coming in place and we will have to watch out how Nifty Share Price / Nifty Futures will react to all that Asto cycles which will come and create powerful energy together. There is also a possibility or rather our prediction of that energy being turned into some sort of a trapping game so could it be a bull trap for the near term or could it be a bear trap for the near term that we will update our clients on the same but overall we are clearly telling you that there will be some sort of a trapping trend so do expect many traders and investors to suddenly be caught on the wrong side of the trend.
From a longer-term perspective based on our analysis, we once again reiterate that we do not see value for buying into Nifty 50 stocks for now or the broader Indian stock market as we do not see deep value present. Based on our view and prediction we expect that we will get much more better valuation entry point into the markets and stocks share prices will be much more lower from here in terms of valuation so we will start seeing stock specific opportunities at that point in time.
Nifty Futures / SGX Nifty Live Streaming Real-Time Chart which updates on a real-time basis is provided below for reference