Free Stock market / Nifty intraday tips

Nifty FUT Trade Setup For 8 January 2013


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Nifty Future

(Updated on 08-01-2013 at 07.40 AM)

Yesterday written that Nifty future has strong hurdle

at 6056-6072 Region for short term trend.

Nifty future made a high at, 6059 and fell back.

Now Actions for Today…………..

6013-5995 support region.

6035 intraday hurdle.

If holds this support and not breaking with crossover

above 6035 may rally up to 6051-6058.

Again 6059-6072 hurdle.

If Breaks below 5991 and stays 15-20 minutes below then correction

may extend up to 5970-5940.

This is not a trend reversal but will be healthy correction

and may last one to three days.

The major trend likely to remain intact.

once daily+weekly closing above 6040 happens

our first target will be at 6170-6206.

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Mr.Guru is a registered investment advisor for Moneymunch, he is a regular guest on popular channels and writes for several newspapers and financial journals. They've black magic of stock market analysis because studied charts over 20 years.

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