Free Stock market / Nifty intraday tips

Nifty Future

Nifty Future
(Updated on 16-08-2012 at 07.50 am)

As expected NF took support at 5355 and then

rose and closed above 5406.

We had written that if it took support between 5359-5352 and

trades above 5365 then it would see 5384-5397.

But on the back of a positive inflation figures market got a

boost and formed higher high at 5416.

Now for today…

5391-5382 is good intraday support.

Crossover 5421 with sustained volumes may add power and elevate NF

to higher at 5436-5452-5467.

5470-5482 is hurdle zone.

Grab above 5421 it may see 5436-5443 in minutes.

5350-5365 is good support for short term trend.

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