Nifty Future’s Trade Setup

 THOUGHT FOR TODAY 
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Real Renunciation
On the path mapped out by the true spiritual philosophers and pioneers, there is great emphasis placed on the idea and need for renunciation. It is seen as the way to enlightenment, and freedom from the attachments which we misuse as sources of limited happiness and contentment. Renunciation does not mean giving everything away, shaving our heads, saying farewell to family and friends and finding a Himalayan mountain top. It means seeing our attachments and dependencies, our weaknesses and our evasions, and consciously giving them up. There is no sense of loss. The material necessities still come to us, paradoxically more will come. And when we renounce our own weaknesses and dependencies there is always a strength and new freedom to be found hiding underneath. Renunciation is a pathway to a simpler life and a highway to spiritual freedom – one of spirit’s deepest yearnings in ‘the age of accumulation’.

Nifty Future

(Updated on 12-12-2012 at 07.20 AM)

Yesterday written crossover above 5961 Nifty fut might

move above 5989.

Nifty fut made high at 6002.85.

Also mentioned if breaks below 5922 expect 5892.

Nifty fut made low at 5897.55.

Now for Today………..

Above 5940 Expect 5952-5960.

5960-5698 is hurdle zone for intraday.

Crossover above 5968 except blast up to 5980-5993-6008.

Break below 5915 will trigger selloff up to 5903-5892-5884.

If not able to take out recent high at 6003 and remain

below 5980 and closes below 5876 then expect to fall up to 5802-5775.