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