Nifty Future

THOUGHT FOR TODAY

Open Mind
The mind is like a parachute – it works best when it is open. How quickly we make assumptions, jump to conclusions and close our mind. How easily we form and hold fast to our opinions and then close our mind. How fast do we make a judgement, slap on a label and then close our mind. A closed mind never knows the delight of playing with possibilities, being enlightened by others point of view or enjoying the diversity of human life. An open and understanding mind never assumes, doesn’t jump to conclusions and won’t hold fast to any opinion. Perhaps it is no wonder a closed mind is not a very relaxed mind.

Nifty Future

(Updated on 24-07-12 at 08.20 am)

See the accuracy of our levels we had written yesterday.

We mentioned that fall up to 5158 was on card and breakout below

5158 would even drag lower upto 5111.

Now see the NF low i.e 5111.55

Now for today…

5132-5144 zone is intraday hurdle.

Sustains above this level with volumes then see 5156-5167.

5167-5188 is strong hurdle going up.

Breakout below 5104 will trigger more downside up to

5090-5071.

If more panic persists then 5054 not ruled out.