Nifty Future

Nifty Future
(Updated on 30-08-2012 at 08:00 AM)

Yesterday we indicated 5351 is hurdle zone and

below 5335 slide upto 5323 and

trading below 5018 would take it to 5302-5294.

Nifty fut formed high at 5350 and declined to 5292.50.

Now Today…

5339-5350 is Resistance zone and below

which the short term trend is down.

In upside nifty may move up to that level and then retrace.

Breakout below 5281 may drive even lower up to 5266-5251.

Three daily and weekly Closing below 5280 may

create more downside and likely to touch 5251-5200.

5200 is good support.

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Nifty Future

Nifty Future

(Updated on 29-08-2012 at 08:00 AM)

5320-5290 zone is strong support for medium term trend.

short is not advisable near this zone.

Above 5351 expect 5363-5368.

5368 is intraday hurdle zone.

Crossover with volumes may confirm uptrend is intact and may

drive it to 5380-5394-5405.

suppose if not sustains and breaks below 5335 then

expect slide 5223.

Sustained trading below 5318 for 20 minutes

NF will see lower levels at 5302-5294 and consolidations.

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Nifty Future

Nifty Future
(Updated on 24-08-2012 at 08.00 am)

Nifty fut moved higher above 5437 at 5463 after taking support at 5403

as we projected support at 5405.

It also face sharp resistance at 5459 and fell from high of 5463.

Now for today…

Break below 5405 and if stays below it for 20 minutes then

expect slide up to 5390-5378.

5447 is intraday hurdle crossover may drive it to 5456-5463.

5468 -5484 is strong hurdle zone as we mentioned previously.

If weakness persists then NF may extend correction up to 5354.

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Nifty Future

Nifty Future
(Updated on 23-08-2012 at 08.00 am)

Nifty fut staged sharp recovery after opening

weak as written here and formed low at 5405.

Going ahed gradually started itching upward to kiss 5454.

We yesterday boldly written that NF would touch 5414-5405 and

and 5451-5459 is hurdle zone and after touching

5454, gain wiped off sharply.

Now for today…

5405-5412 is intraday support zone.

Above 5388 short term trend bullish.

Crossover 5437-5442 may push it higher at 5459.

If sustains above 5459 with volumes for 15

minutes then expect 5468-5484.

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Nifty Future

Nifty Future
(Updated on 22-08-2012 at 08.17 am)

Yesterday market shown quite strong trend and we indicated

above 5391 would see 5421-5426 and crossover may drive nf even

higher at 5444-5467.

NF moved up to 5447 and closed at 5442.

Now for today…

Below 5424-5414 intraday support zone.

If trades below 5405 with volumes for 15-20 minutes then expect

slide up to 5385-5374.

5392-5374 is strong support zone for the short term trend.

5451-5459 is hurdle zone.

Breakout above this zone NF may see 5467-5488.

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Nifty Future

Nifty Future
(Updated on 21-08-2012 at 07.50 am)

In our last post we written that crossover 5394 would take it

to 5421. NF formed high at 5423.

We were long from 5368-5380  for target 5427-5451 and booked

profit at 5418 as weaknes developed intraday and shorted below

5400 with traget 5346-5428.

NF formed low at 5451.

Now for today…

Trading above 5391 with sustained volume will keep the uptrend

intact and NF will attampt to kiss 5416-5421 zone.

This zone is causing short term hurdle.

Crossover above 5426 may put it into the orbit of 5444-5467.

Breakout below 5366 will drive it 5346.

In more selling pressure 5315.

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