Free Stock market / Nifty intraday tips

Nifty Future

Nifty Future
(Updated on 21-08-2012 at 07.50 am)

..In our last post we written that crossover 5394 would take it

to 5421. NF formed high at 5423.

We were long from 5368-5380  for target 5427-5451 and booked

profit at 5418 as weaknes developed intraday and shorted below

5400 with traget 5346-5428.

NF formed low at 5451.

Now for today…

Trading above 5391 with sustained volume will keep the uptrend

intact and NF will attampt to kiss 5416-5421 zone.

This zone is causing short term hurdle.

Crossover above 5426 may put it into the orbit of 5444-5467.

Breakout below 5366 will drive it 5346.

In more selling pressure 5315.

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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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