Free Stock market / Nifty intraday tips

Guesstimate Nifty Spot

Nifty Spot

(Updated on 13-07-12 Time 07.40 AM)

Yesterday it penetrated intraday lower

support at 5292 as it opened gap down.

It also breached 5263 short term support zone.

Now for today…

Correction seems to be continue and below 5274-5285

Zone markets likely to remain under pressure for short term.

Below 5225 expect 5210-5191.

But buying support likely to emerge at 5200-5180 levels.

Trading above 5245 with sustained volumes likely
to elevate higher at 5262-5279 which is intraday
hurdle zone.

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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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