Free Stock market / Nifty intraday tips

Nifty FUT Trade Setup For 5 February 2013

nifty-futures

THOUGHT FOR TODAY 

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Nifty Spot

(Updated on 05-02-2013 at 08.20 AM)

We have repeatedly written that Market has

been tired and week below 6075.

Yesterday, written that Nifty spot would not make successful

crossover above 6035 and fall down below if not

able to crossover above 6035. Also mentioned that

it has support at 5982.

Nifty spot made high at 6038 and declined to 5981.25.

Now for Nifty Future

No Rise likely to sustain below 6075.

Path of great resistance up to 6025-6033.

Hurdle at 6013-6025.

Break below 5978 Expect panic selloff

up to 5959-5933-5911.

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