Nifty Futures Calls
(Updated on 22-06-2012 Time 08.30 AM)
Yesterday we had written that market would take support
near 5095-5089 levels and crossing over 5136 would take it to 5169.
Just watch the yesterday’s Nifty fut high is at 5178 and Nifty spot high at 5170.
I have time and again indicated that markets are surging
on a strong path full of resistance and hurdles and avoid
any fresh long at higher levels.
However, its strength elevates markets from intraday fall.
Now for today…
Below 5146 would drive it to 5117-5106.
if trades below these levels then expect 5065-5089.
Sustained trading with volumes may take to even lower
downside at 5061-5049.
5183-5203 are strong hurdles.
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