Free Stock market / Nifty intraday tips

Nifty Future

Nifty Future
(Updated on 11-05-2012 Time 08.50 AM)

One more session full of volatility.

Market could not clear hurdles at 5020-5035

decisively which we mentioned in our previous post.

We also told that any failure to sustain this barrier would make

sentiment even bearish. As a result of which Nifty spot

dipped even lower to 4950. We stick to our yesterday’s lower

levels 4967-4951-4927 which lent good support and likely to continue

to fuel hope for bulls. Sustained trading above 4989-5000 area may drive it to 5035.

Consecutive two closing above 5040 will ignite a relief rally up to 5106-5129

4910-4876 in a panic sell off may not be ruled out.

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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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