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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Nifty Future 23-07-2012

 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.

What about Nifty Futures Today?

You can see easy fall upto 5170 and also 5158

Suppose to close OR break it and then… fall will be continue to 5111-5089

You can face 5229-5241 as resistance…!

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  • Hanging man has managed to stop bulls.
  • Spot Nifty 5267-5300 remains unfilled.
  • 5156-5176 “maximum pain area” for intraday
  • Friday chart of Dow Jones has also showed for down trend.
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Share tips updated on 20.07.12 at 09.00 am

Mphasis

Buy in dips above 387

expect 396.8

More fire above 397 upto 404

Shri Ram Transport fin

Sell below 550

Breakout below 544 expect slide

upto 538-535-533

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