Free Stock market / Nifty intraday tips

Nifty Future

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

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As expected NF took support at 5355 and then

rose and closed above 5406.

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

trades above 5365 then it would see 5384-5397.

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

boost and formed higher high at 5416.

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Now for today………..

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5391-5382 is good intraday support.

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Crossover 5421 with sustained volumes may add power and elevate NF

to higher at 5436-5452-5467.

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5470-5482 is hurdle zone.

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

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5350-5365 is good support for short term trend.

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Mr.Guru is a registered investment advisor for Moneymunch, he is a regular guest on popular channels and writes for several newspapers and financial journals. They’ve black magic of stock market analysis because studied charts over 20 years.

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