BUY NIFTY 5082-5088
Targets 5128
Suppose to close above this…
Then 5144-5168 very soon
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Banknifty Spot
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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Nifty Future
Nifty Future
(Updated on 25-07-12 at 07.50 am)
Yesterday we indicated here that above 5132 NF would touch
5156 at higher level and in downside it would take support at 5107.
Now see the yesterday’s high which is 5153 and low is 5107
Now What…
The short term trend without doubt is bearish and as long as it is not
able to close above 5187 it will remain bearish.
Break below 5118 with sustained volumes and
level for 10-15 minutes will extend more downside upto 5107-5097.
5148-5153 is hurdle zone.
After taking out this level and if sustains then expect 5168-5181
5081-5064 in panic selloff may not be ruled out.
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Banknifty Spot
Banknifty Spot
(Updated on 24-07-2012 at 08.40 am)
Sell below 10410-10470 on rise.
Trading above 10310 will elevate more
up to 10348-10366-10387
Breakout below 10239 will deteriorate sentiment
further and See 10217-10200
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Nifty Future
THOUGHT FOR TODAY
Open Mind
The mind is like a parachute – it works best when it is open. How quickly we make assumptions, jump to conclusions and close our mind. How easily we form and hold fast to our opinions and then close our mind. How fast do we make a judgement, slap on a label and then close our mind. A closed mind never knows the delight of playing with possibilities, being enlightened by others point of view or enjoying the diversity of human life. An open and understanding mind never assumes, doesn’t jump to conclusions and won’t hold fast to any opinion. Perhaps it is no wonder a closed mind is not a very relaxed mind.
Nifty Future
(Updated on 24-07-12 at 08.20 am)
See the accuracy of our levels we had written yesterday.
We mentioned that fall up to 5158 was on card and breakout below
5158 would even drag lower upto 5111.
Now see the NF low i.e 5111.55
Now for today
5132-5144 zone is intraday hurdle.
Sustains above this level with volumes then see 5156-5167.
5167-5188 is strong hurdle going up.
Breakout below 5104 will trigger more downside up to
5090-5071.
If more panic persists then 5054 not ruled out.
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Banknifty Spot Update for Jul 23, 2012
Banknifty Spot
Updated on 23-07-2012 at 08.40 am
We indicated several times that Banknifty would
start correction below 10525.
Below 10525 bears will continue pushing it lower
at 10443-10383.
More panic below 10425 may drive it to 10305.
10520-10540 is strong hurdle zone.
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