Free Stock market / Nifty intraday tips

Nifty Future

THOUGHT FOR TODAY

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Nifty Future

(Updated on 27-07-12 Time 07.20 AM)

NF could not crossover 5126 and hovered around 5097 for

long time and then extended the severe fall up to 5034

after breaking below 5081.

Now for today…

Crossover 5065 will drive it to 5078-5089.

If sustains above 5090-5093 market will see 5114-5124-5152

Market remained bearish for several days so

it is in oversold zone short at lower levels not advisable

5031-5020 is strong support zone.

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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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