(Updated on 23-08-2012 at 08.00 am)
Nifty fut staged sharp recovery after opening
weak as written here and formed low at 5405.
Going ahed gradually started itching upward to kiss 5454.
We yesterday boldly written that NF would touch 5414-5405 and
and 5451-5459 is hurdle zone and after touching
5454, gain wiped off sharply.
Now for today…
5405-5412 is intraday support zone.
Above 5388 short term trend bullish.
Crossover 5437-5442 may push it higher at 5459.
If sustains above 5459 with volumes for 15
minutes then expect 5468-5484.
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