BankNifty Spot

BankNifty Spot

(Updated on 16-07-12 Time 09.00 AM)

Below 10525 more panic and may dip even further

to 10465-10435-10365.

Above 10630 no problem for bulls

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Nifty Future

Nifty Future

(Updated on 16-07-12 Time 08.40 AM)

As written markets continued its correction phase.

We projected that above 5245 it would take NF to 5262-5279.

See it formed high at 5276.90 and moved

down as it is hurdle zone

Now for today…

5262-5279 are intraday hurdle zone.

If it takes out that levels then expect 5218-5350.

Below 5225 it may take 5210-5180 which is strong

support zone and may reverse the trend.

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BankNifty Spot

BankNifty Spot

(Updated on 13-07-12 Time 08.00 AM)

Below 10525 looks bearish for short term

and likely to extend the correction up to

10463-10418-10362

Trading above 10645 may take it to

10675-10690

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Guesstimate Nifty Spot

Nifty Spot

(Updated on 13-07-12 Time 07.40 AM)

Yesterday it penetrated intraday lower

support at 5292 as it opened gap down.

It also breached 5263 short term support zone.

Now for today…

Correction seems to be continue and below 5274-5285

Zone markets likely to remain under pressure for short term.

Below 5225 expect 5210-5191.

But buying support likely to emerge at 5200-5180 levels.

Trading above 5245 with sustained volumes likely
to elevate higher at 5262-5279 which is intraday
hurdle zone.

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BankNifty Spot

BankNifty Spot

(Updated on 12-07-12 Time 08.20 AM)

Above 10650 no worry for bulls

crossover above 10713 will elevate it to

10758-10782-10803.

Below which slide up to 10610-10564-10525

If trades below 10525 with volumes

then expect 10467.

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Nifty Future Evenful day. Infosys, Tcs Result and IIP Nos

Nifty Future

(Updated on 12-07-12 Time 07.40 AM)

Below 5292 it may take NF to 5278-5263.

5255-5263 is strong support zone

If breaks below this with sustained volumes

then slide up to 5235-5224 not ruled out.

Trading above 5333-5348 for 15-20 minutes then

expect 5355-5363 levels

5355-5378 is major hurdle.

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