Banknifty spot
(Updated on 26-07-2012 at 08.40 am)
Above 10289-10301 move up to 10323-10358
10370-10395 is short term hurdle.
Below 10245 slide up to 10221-10210
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Nifty Future
(Updated on 26-07-12 Time 08.20 AM)
Nifty fut tumbled to 5078 after breaking 5107-5097 zone.
We indicated 5181 might support and market bounced off
that level.
We traded long from 5085 and booked handsome intraday
gain.
Now for today…
Crossover 5126-5132 zone with sustained volumes
may improve the sentiment for short term trend and
likely to move up to 5152-5172.
5182-5190 is strong hurdle zone.
Breaking below 51002-5097 may drive it to 5089-5081
In further weakness Market may see 5064-5052.
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BUY NIFTY 5082-5088
Targets 5128
Suppose to close above this…
Then 5144-5168 very soon
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ICICI BANK
Break below 908 will trigger more
downside upto 902-894
Sell on rise below 922
Exit short above 929
Cipla
Support at 320-318
Expect 328-330 level if trades above 323.
Yesterday we traded short side with Overnight short
Position in
BOB,ICICI Bank, Axis Bank , LT, Bank Nifty
and took huge intraday gain.
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It’ll move downside or upside?
Targets: 1306-1295
Just remember, Natural gas hurdle is 182.5
Once it’ll close above or at hurdle then it’ll touch 185-189-191 and if this thing not happen then Natural gas will start to move downwards and first touch 164 and then after 158-164.
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Banknifty Spot
(Updated on 25-07-2012 at 08.20 am)
See again the projected levels
for Resistance and support for intraday.
We indicated resistance at 10348 and support at 10239.
Now see the yesterday’s high at 10349 and low at 10237.
Now for today…
Below 10272 slide upto 10256-10242.
Further downside with sustained volume below 10228
And expect 10186.
10350-10420 strong resistance for short term trend.
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