Free Stock market / Nifty intraday tips

Nifty FUT Trade Setup For 8 January 2013

nifty-futures

THOUGHT FOR TODAY 
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Getting On With It
Worrying about how everything will get done or whether I am capable of doing it limits my ability to respond to challenges considerably. The less I think about doing something and the faster I just get on with it, the fewer problems I cause myself. Good planning is always helpful, but time spent fretting and procrastinating is a major drain on my energy. The more willing I am to respond positively to opportunities, the more my capacity will grow.

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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