Nifty Future Daily View – Crucial Support at 5566-5557

Bulls-bears 1

Nifty Future

(Updated on 05.04.13 at 08.35 AM)

Yesterday boldly written that below 5639

Nifty future would lower up to 5591.

Nifty fut made low at 5583.30.

Market Directions for Today…

Intraday support at 5586.

Break below may take NF lower up to 5577-5566.

Crucial Support at 5566-5557.

If holds these support then pullback

up to 5603-5623 not ruled out.

But decisive breach below 5557

see slide up to 5537-5519.

Major Hurdle at 5690-5710.

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Nifty stocks that are trading below 200 DMA

images (1) The Nifty is trading well below its 200 Day Moving Average (DMA) of 5632. A moving average is the average price of a stock over a certain time frame. The 200-day moving average represents the average price over the past 200 trading days. Technical analysts closely track the 200-day moving average. The moving averages act as support and resistance for the underlying security. A fall below this average indicates breach of support and consider closing the position inferring the long term trend has turned bearish. 33 stocks in the Nifty are trading well below its 200 DMA.

 

Nifty Stocks        Below 200 DMA

RELINFRA            -32.70%

NMDC                 -23.70%

HINDALCO           -22.40%

TATASTEEL          -22.10%

JPASSOCIAT         -20.80%

HEROMOTOCO      -20.60%

BHEL                   -20.20%

SESAGOA              -17.30%

JINDALSTEL          -16.40%

ACC                     -15.10%

AMBUJACEM          -13.10%

BANKBARODA        -12.30%

COAL INDIA           -11.10%

GAIL                     -10.90%

GRASIM                 -10.80%

PNB                      -10.40%

RELIANCE               -5.00%

ICICIBANK              -3.40%

LT                          -9.5%

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Nifty Future Daily View – Crucial Support at 5639 & Hurdle at 5710

Bulls-bears 1

Nifty Future

(Updated on 04.04.13 at 08.10 AM)

Yesterday written that below 5732

Nifty fut would dip up to 5700.

Nifty fut made low at 5666.40 and closed at 5688.

Market Direction for Today

Support at 5665-5651 for intraday.

If breaks below 5639 and not able to cross above 5677-5684

then see panic selloff again which may drag

Nifty fut lower up to 5614-5591-5565.

Strong Hurdle at 5690-5710.

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Nifty Future Daily View – Break Below 5758 See slide up to 5745-5740-5732

Bulls-bears 1

Nifty Future

(Updated on 03.04.13 at 11.10 AM)

We were long in Nifty future from 5624 and again

recommended at 5735 intraday for target= 5770.

Nifty Future made high at 5773.35 and closed at 5766.60

Market Direction for Today

Break Below 5758 See slide up to 5745-5740.

Support at 5734-5740 for intraday.

If trades below 5732 for 15 minutes and

not able to cross above 5758-5765 then see

further downside up to 5720-5713-5700.

Above 5774 see rally up to 5782-5790

Hurdle at 5790-5800 for intraday.

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Whose Move to targets, NF, LT or SBIN?

Today, We bought Nifty future 5735 around for targets 5770 Intraday Achieved Our Targets – SEE historical data.

nifty-future-tip

Disclosure: Nifty long 5625 (FREE call given to Yahoo group) We are still holding long position in Nifty future 5624 which has targets 5760 Achieved today and 5786-5811 very soon.

Click here To See Nifty Positional call

We enjoyed today in equity calls… You know very well like LT, SBIN.

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Nifty Future Daily View – Nifty spot has hurdle at 5722 for intraday

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Nifty Future

(Updated on 01.04.13 at 11.10 AM)

Nifty spot has hurdle at 5722 for intraday.

Watch this level closely.

Once it crosses above and sustains and not breaking

5699-5590 zone  then see upside up to 5756-5776.

If breaks 5590 then exit long. If trades below

5690 for 15 minutes then see slide up to 5668-5655.

On Thursday 28.03.13 

As positional pick 

Reliance Ind recommended at 775 for Target = 790

Reliance Capital at 304-305 for Target = 312-316

Axis Bank at 1296 For Target = 1315-1320

All Targets hit in above three calls

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