Nifty Futures
(Updated on 15-06-2012 Time 08.30 AM)
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We indicated several times for last 3 sessions that markets are in
strong resistance area.
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Crossover this zone to continue bullish trend is quite difficult
and path of multiple barriers.
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Bearing this in mind we advised to remain with comfortable long
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position and to trade short identifying opportunities.
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We took this opportunity to go short and trades accordingly yesterday.
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Now for today…………
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5079 is intraday hurdle and crossing over with volume may drive it
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to 5095-5117-5135.
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If trades below 5040 with volumes may take it to 5022-5006 zone which
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may act as intraday support and intraday reversal.
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