Free Stock market / Nifty intraday tips

Nifty Future

 

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Nifty Future

(Updated on 17-07-12 Time 08.40 AM)

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We were short from 5260 and booked at 5210

As expected markets continued correction and lost the

level of 5200.

We hinted yesterday NF would face resistance at 5262-5279.

It formed high at 5261 and crashed.

Yesterday we indicated that 5210-5180 zone might change

the direction or from that level a bounce get triggered.

Now for today……

Above 5220 expect upward journey up to 5242-5255.

At these higher levels it may face hurdle.

Crossover with sustained volumes may add the strength and

boost the sentiment.

Below 5183 if sustains then  5169–5155 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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