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(Updated on 21-06-2012 Time 08.45 AM
Short term resistance at 9860-9874.
If trades above 9887 then expect it to move up to
9917-9943 levels.
But short term trend is bearish and likely to remain
under pressure.
9735-9691 are support levels.
Below 9860 will try to range between 9800-9740
Below 9735 with volumes trades then expect
fall up to 9691-9667.
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Nifty Futures Tips
(Updated on 21-06-2012 Time 08.30 AM)
As written market is moving up gradually
in quite strong hurdle zone.
Yesterday we indicated above 5120-5124 it would
touch 5136 and it formed high at 5143.90.
Now today…
5107-5100 are intraday support zone.
Trading above 5136 with volumes may drag
NF to higher levels at 5151-5169 area.
If It shows more strength than likely to touch 5188.
Trading below 5095-5089 with volumes for 10-15 minutes
will create sell off and expect to see 5079-5058-5039.
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Short term resistance at 9880-9930-9980
Below 9860 will try to range
between 9800-9740
Below 9740 with volumes trades then expect
fall up to 9691-9667.
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(Updated on 20-06-2012 Time 08.30 AM)
Again the market has shown strength in the area of multiple barriers
and try to crossover.
As written yesterday above 5081 and crossover would take
it to 5120-5138. Yesterday it went up to 5120.90.
Now for today…
Crossing over 5120-5124 area
will quickly drive it to 5136-5169.
if breaks 5088 and sustains with volumes for 10-15 minutes
then expect again 5073-5045 levels.
Again reiterate that avoid long position above 5181-5199 area
and stay comfortably cool.
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THOUGHT FOR TODAY
Resource Full
We each have the three energies we need to learn to manage – spirit, mind and body. All three need a good diet – body needs pure food (vegetarian), your mind needs positive ideas and images, and the spirit that you are needs time in silence and stillness to refresh and renew. These are our resources, and each one needs topping up, otherwise we run on empty and dis – ease comes to visit. But diet is just the beginning. Coming soon… exercise!.
(Updated on 19-06-2012 Time 08.40 AM)
We have reiterated repeatedly and written that markets were in
strong hurdle zone. Moving up in sustained manner would not be
possible in this path of great resistance.
We also advised to remain light with comfortable long position
and went short Nifty Future at higher levels and enjoyed free fall.
Now for Today…
Hurdles are at 5081 if trades above with good volumes and sustain
then will gain strength and try to move up to 5120-5138.
5045-5029 are intraday support and below which it may extend the
fall up to 5007-4990.
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(Updated on 18-06-2012 Time 08.00 AM)
Market is showing strength and trading in resistance area.
As indicated earlier it has entered area of strong resistance
and multiple barriers i.e 5129-5159-5159 at higher levels.
5108-5090 are good intraday support.
If trades above 5159 with volumes
then expect 5177-5199-5216.
5238-5269 may not be ruled out on the
back of positive news flows.
If brakes 5080 with volumes for 10-15 minutes
it may drive lower to 5039-5020.
Chances of market sustaining above 5200
levels and holding it for
considerable time are remote.
Hence it is not advisable for traders
to create fresh long and hold long
position in this zone of multiple layers of hurdles.
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