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Nifty Futures

 

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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
.
position and to trade short identifying opportunities.
.
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.
.

If trades below 5040 with volumes may take it to 5022-5006 zone which
.
may act as intraday support and intraday reversal.
.

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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.

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