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Free NSE Nifty Future Trading Alerts

Nifty Future

(Updated on 08-05-2012 Time 8.50 AM)

As expected, the market plunged in opening trade and remained for there for the half-time of the session.

We mentioned the lower levels around 5020-5005 and market dipped to about 5000 and sharp

reversal seen as a result of statement by FM in a order to control damage which gave a sigh of relief.

Now bias is still bearish as long as 5160 is not taken out for 2-3 consecutive closing.

5092-5071-5045 intraday zones to support.

Sustained Trading below 5037 may push it to 5000.

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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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