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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Nifty Future

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

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

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

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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