Free Stock market / Nifty intraday tips

Free NSE Nifty Futures Tips & Report

nifty future calls

Nifty Futures

(Updated on 18-06-2012 Time 08.00 AM)  

Market is showing strength and trading in resistance area.

As indicated earlier it has entered area of strong resistance

and multiple barriers i.e 5129-5159-5159 at higher levels.

5108-5090 are good intraday support.

If trades above 5159 with volumes

then expect 5177-5199-5216.

5238-5269 may not be ruled out on the

back of positive news flows.

If brakes 5080 with volumes for 10-15 minutes

it may drive lower to 5039-5020.

Chances of market sustaining above 5200

levels and holding it for

considerable time are remote.

Hence it is not advisable for traders

to create fresh long and hold long

position in this zone of multiple layers of hurdles.

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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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