Free Stock market / Nifty intraday tips

Nifty Future

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Nifty Future

(Updated on 04-07-2012 Time 08.30 AM)

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We recommeded to go long in NF from 5278.

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As written here in yesterday’s post above

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5304 market would see 5320-5336 and below 5270

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it might dip to 5262 levels.

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NF went up to 5335 and moved down to 5271.50

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and bounced off to 5313 level.

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Now for today…………

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crossover 5320 with volumes will take NF to 5333-5340.

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5340 is hurdle zone.

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Trading below 5290 will drive NF to 5270-5262.

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5240 is good short term support.

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To show the strength it has to cross over 5340.

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If not crosses over 5340 and remain below

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5313 then expect slide upto 5290-5270.

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if sustains above 5355 with supported volumes then expect

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5378-5393 Levels which seems much difficult.

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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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