Nifty Future with support and resistance on Jul 11, 2012

Nifty Future

(Updated on 11-07-12 Time 08.40 AM)

After remaining below range of 5340 and then

correcting by about 75 points it succeeded to

take out resistance level.

As indicated here above 5298 it sustained and

moved upward upto 5363.

Now for today…..

Nearby support is 5333-5322.

5320-5305 zone is strong intraday support.

It will show more strength above 5352-5360 and

likely to kiss 5378.

If stays above 5378 levels for 15-20 minutes

with volumes it may touch 5420.

If trades below 5296 then NF may see 5285-5878 levels.

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Share Tips Updated on 10-07-12 at 9.10 am

Reliance Industry

Reliance Ind

Below 734 slide up to 726

Reliance Infra

Trading below 562 bearish for short term

Expect 546-541

536 is short term support.

Tata steel

Below 432 slide up to 426

Bullish above 432 and and move up to 442-444.

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BANKNIFTY SPOT

BANKNIFTY SPOT

(Updated on 10-07-12 Time 08.00 AM)

Yesterday we had written that above 10525

No worry at all for the bulls.

It took support at 10524.75 yesterday.

crossover 10615 with volumes may take it

to 10656-10672.

10545-10525 are intraday support zone.

Trading below 10519-10503 may drive it to

10463-10418-10362.

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Nifty Future

Nifty Future

(Updated on 10-07-12 Time 07.40 AM)

We mentioned yesterday that break

below 5297-5289, NF would see 5265.

NF formed low at 5263.

TODAY

5265-5255 is intraday support area.

5242 is last intraday support.

If breaks below it sustained volumes for 15 minutes

then  expect 5195-5210 in couple of hours.

5290-5298 zone is intraday hurdle.

crossover with volumes may take it to

5322-5333.

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BANKNIFTY SPOT

BANKNIFTY SPOT

(Updated on 09-07-12 Time 08.00 AM)

Bulls dominate above 10525.

Below 10508 slide up to 10468.

10600-10565 are intraday support.

Above 10700 will take it to 10745-10801.

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NIFTY FUTURE

NIFTY FUTURE

(Updated on 09-07-12 Time 07.40 AM)

In last post we mentioned that below 5335 it

would touch 5302.

NF formed low at 5297.40.

Now for today…

Trading below 5320 slide up to 5306-5297.

If sustains below 5289 With volumes then

panic selloff may drive it to 5265-5240.

In order to continue the upside it has to

crossover 5340-5355 area decisively which

seems a little difficult.

If succeeds then expect 5376-5393-5413.

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