Free Stock market / Nifty intraday tips

Nifty Future

Nifty Future
(Updated on 24-08-2012 at 08.00 am)

Nifty fut moved higher above 5437 at 5463 after taking support at 5403

as we predicted support at 5405.

It also face sharp resistance at 5459 and fell from high of 5463.

Now for today…

Break below 5405 and if stays below it for 20 minutes then

expect slide up to 5390-5378.

5447 is intraday hurdle crossover may drive it to 5456-5463.

5468 -5484 is strong hurdle zone as we mentioned previously.

If weakness persists then NF may extend correction up to 5354.

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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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