Nifty Future
(Updated on 04-09-2012 at 08:30 AM)
We clearly indicated yesterday that 5328 is strong resistance for
the short term trend and also mentioned support at 5269.
NF moved up to 5325 and formed low at 5272.
Now for Today…
crossover 5295 will take Nifty fut to 5310-5318.
5328-5336 zone is hurdle zone. NF has to take out this and
trade above with sustained vol with 15-20 minutes
to reverse the bearish trend.
Break below 5270 may drive it to 5263-5256.
IF trades below 5251 with sustained volumes then
expect panic selling up to 5238-5228-5210.
Get free important share market ideas on stocks & nifty tips chart setups, analysis for the upcoming session, and more by joining the below link: Stock Tips
Are you looking for NSE paid calls? Want to get premium trading alerts and unlimited access to Moneymunch? Join today and start potentially multiplying your net worth: Premium Stock & Nifty Tips
Premium features: daily updates, full access to the Moneymunch #1 Rank List, Equity Research Reports, Focus List portfolio of 50 longer-term stocks, Premium screens, and much more. You will quickly identify which stocks to buy, which to sell and target today΄s hottest industries.
Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.