Free Stock market / Nifty intraday tips

Nifty future (Date 02-05-2012)

Nifty future

(Date 02-05-2012)

We entered into Nifty Future for long 5158 around for targets 5322-5344 (As Positionally)

Monday morning prior to market opening we had written that Nifty Future would see the upper levels 5238-5270.  Nifty future
Zoomed to 5288 and retraced.


Intraday commentary
Trades above 5270 will drag it to  – 5309-5321
Game Points for Intraday is 5266
(Suppose to trade below it …then 5221-5238)


Points for Day Traders

  • Wall Street ends higher & Asian markets also trading higher
  • Spot Nifty Chart: Price below 20 and 50 day SMA
  • Weekly chart for Spot: Price has to take a decision to either close above 5 week High EMA or 20 Week SMA
  • Positinal: The market is up as long as 5200 holds…
  • SGX Nifty is trading 35 points above…


Previous ArticleNext Article
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.

Click here to get premium stock market tips by Mr.Guru.

Subscribe to get daily FREE Stock markets / nifty tips
Send email to Mr.Guru: [email protected] or you may call him on +91 903 376 3672.

Write a Comment

Comment Policy: We love comments and appreciate the time that readers spend to share ideas and give feedback. However, all comments are manually moderated and those deemed to be spam or solely promotional will be deleted. Your email address will not be published. Required fields are marked *

Send this to a friend