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NIFTY Performed on Tuesday:

(31-5-11) Nifty opened at 5503 with a gain of 30 points, moved upwards steadily to 5572 and closed at 5560 with a gain of 87 points. Nifty futures range was 5480 – 5563, having a difference of 83 points.

Prediction of MoneyMunch.com Intraday

(Disclosure: Yes My Subscribers and Yahoo group Members, Tuesday NIFTY future bought 5340-5349 and waiting for targets 5532-5578  with modified Stop loss 5378)

We are still holding and waiting…!

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What for Today…?

Nifty opening expected 5565-5574 which is support also.

Support 5439-5446

Intraday targets 5603-5626

Watch 5539 below…!

It will be for subscribers only due to market hrs.

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Positional Trend with Levels

(Updated on 20-5-2011)

Buying Zone 5370-5390

(This zone is trend changer which can lead to nifty up direction for positional, mean this support is able to move NIFTY 5578 above for shortly)

After the crossing 5600…NIFTY will enter into the bullish zone for targets 5755-5811 in 1-3 months only)

Yes, My Subscribers are waiting for out short Term targets 5536-5580 (ALL Targets achieved – To become a subscriber, subscribe to our free newsletter services.)

(From 20 May, 2011, I’m wiring to buy NIFTY Future)

Technical Data-Sheet on NIFTY:

Last (31-05-2011) Close@5560 (+87 points)

Last High@5571 Low@5489
Weekly High@5571 Low@5328

5DMA@5454
20DMA@5478
50DMA@5636
200DMA@5755

5-DAY RSI 73 AND 14-DAY RSI 52.