Nifty Future: Thursday, April 25, 2013

“BEARS ARE CORNERED. THE REVERSAL COULD BE POSTPONED”

If the investor behavior is to buy with bad news, having the knowledge that Bankers are supporting the equity market every time there is a threat of a potential top, how can bears culminate a reversal pattern?

But…

Last two Trading Secessions, We are enjoying selling at 5838-5844 and Profit booking 5800 around…,

See update of 22 April 2013 :  Lower Top Trend Line at 5840-5851

Let’s move to the Nifty Future charts.

Today, The next resistance is located at the 5886-5909, if crossover 5855 as mentioned in chart. Click on chart to zoom…

nifty-future-thursday

 

Maybe if in the next few days, Nifty future break 5800 and trade below it…then it will be short term downtrend…

SGX Nifty trading much higher…

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I must first change

Sunrise

I Must First Change

There is no greater teacher than one’s own practical example. To be really benevolent therefore means that I must first change, then I have the power, the knowledge and the experience of thinking and doing for the ultimate benefit of all.
 

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Nifty Future Daily View – Be cautious in long at Higher Levels for short term Trend

canstock3614534

Nifty Future

(Updated on 22.04.13 at 08.30 AM)

Above 5796 see upside up to 5809-5820.

Hurdle at 5825-5833 for Intraday.

If trades above 5833 for 15 minutes and not breaking

5796-5789 then rally up to 5851-5878 possible.

Support at 5769-5761 for intraday.

Once breaks and trades this zone see slide up to 5748-5740.

Crucial support at 5740-5732.

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Nifty Future Daily View- Traders should Watch 5720 levels carefully.

Nifty Future

(Updated on 17.04.13 at 08.30 AM)

We were shouting form last 3-4 sessions that

Nifty future would not break below 5500.

See what has happened. Nifty future has travelled

from 5503 to 5708 in just two sessions.

Market Direction for Today………..

Traders should Watch 5720 levels carefully.

If doesn’t trade above 5720 except slide up to 5675.

Support @ 5673-5653.

Above 5713-5720 may rally up to 5732-5757.

Hurdle at 5760-5777.

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Nifty Future Daily View- Support @ 5545-5531 & Hurdle @ 5610-5618

Bulls-bears 1

Nifty Future

(Updated on 16.04.13 at 08.30 AM)

Yesterday we have boldly written that however down market

open’s Nifty future would sustain above 5500.

Also mentioned that NF had crucial support at 5505.

Just see Nifty future made low at 5503 and took U-turn.

Market Direction for Today…

SGX Nifty is down by 25 points while updating.

Support @ 5545-5531

If not breaks below 5519 and then see rise up to 5557-5580.

Above 5580 if trades then expect rally up to 5603-5618.

Break below 5519 may drag NF up to 5507-5493.

Major Support at 5554-5570 zone.

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