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Nifty Future
(Updated on 20-07-12 Time 08.20 AM)
We entered long position at 5210 and kept booking gains
at intraday higher levels.
Yesterday we indicated above 5237 no worry for the bulls
It went up to 5268.
Now for today…
trading with sustained volumes above 5260-5265 will drive
above 5277-5293.
5236-5222 zone is intraday support.
Break below 5211 slide upto 5196-5189-5171
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BankNifty Spot
(Updated on 19-07-12 Time 08.40 AM)
Above 10614 bulls will dominate
Expect 10657-10687
10556 is intraday support
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Nifty Future
(Updated on 19-07-12 Time 07.40 AM)
See the level yesterday we boldly written that market would
without reverse from 5171-5165 levels and see the
yesterday’s low i.e 5177.
We also mentioned not to remain short below 5200 and
booked our all short in NF.
We are long and from quiet lower levels.
Now for Today…
Above 5237 see the blast up to 5277-5293-5327
5205 is the strong intrday support.
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Nifty Future
(Updated on 18-07-12 Time 07.40 AM)
Yesterday NF went up to 5248 and dipped to 5188.
In yesterday’s post we mentioned above 5220 Market would
see 5248-5255.
Now for today…
Above 5205 NF may touch 5218-5228-5236 zone which is
intraday hurdle.
Crossover with sustained volumes may add the strength and
boost the sentiment.
If trades below 5180 then slide upto 5171-5165.
5165 is important support levels and bulls may again take the
driving seat.
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BankNifty Spot
(Updated on 17-07-12 Time 09.00 AM)
Banking space seems loosing steam at higher levels
It has to crossover 10638-10660.
Below 10525 bear will assume power and see
more panic and may dip even further
to 10465-10435-10365.
Above 10660 no problem for bulls
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Nifty Future
(Updated on 17-07-12 Time 08.40 AM)
We were short from 5260 and booked at 5210
As expected markets continued correction and lost the
level of 5200.
We hinted yesterday NF would face resistance at 5262-5279.
It formed high at 5261 and crashed.
Yesterday we indicated that 5210-5180 zone might change
the direction or from that level a bounce get triggered.
Now for today…
Above 5220 expect upward journey up to 5242-5255.
At these higher levels it may face hurdle.
Crossover with sustained volumes may add the strength and
boost the sentiment.
Below 5183 if sustains then 5169 – 5155 may not be ruled out
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