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Nifty Future
(Updated on 27-12-2012 at 07.20 AM)
Nifty future saw strength by closing higher at 5913.75.
We have boldly written that crossover 5885
would take market up to 5911.
Nifty fut made high at 5926.
5899-5890 intraday support.
5860-5835 Major support.
Crossover 5931 Expect rally up to 5944-5856.
We recommended buying Nifty fut at 5850-5855.
See our post dated 24-12-2012.
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ICICI Bank
Support at 1111-1108
Break below 1105 decisively may take up to 1092.
Above 1114 may Bounce up to 1132
Kotak Bank
Bearish below 655.
Sell on rise below 655.
Break below 643 may drag up to 636-633.
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THOUGHT FOR TODAY —————————— Season’s Greetings WISHING YOU A PEACEFUL CHRISTMAS AND A HAPPY AND PROSPEROUS NEW YEARNifty Future
(Updated on 25-12-2012 at 07.20 AM)
On Monday written NF would not break above 5879.
It made high at 5877 and traded in a rang below
up to 5853.50
No need to change levels.
5879-5885 is a strong hurdle.
If breaks lower below 5847 and sustains below
which for 15-20 minutes then correction may
extend up to 5825.
If not breaking 5847-5842 range decisively and
trades above 5885 with sustained vol and price
then rally up to 5911 not ruled out.
Break below 5825 may take NF up to 5809-5780.
5780-5760 major support zone.
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As mentioned in Chart Nifty future is trading 5850, just watch buyer will act level which is mentioned in chart.
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THOUGHT FOR TODAY
——————————
Take Time To Laugh
Take time to laugh, it is the music of the soul. Take time to think, it is the source of power. Take time to read, it is the fountain of wisdom. Take time to love and be loved, it is a God-given privilege. Take time to work, it is the price of success.
Nifty Future
(Updated on 24-12-2012 at 07.40 AM)
On Friday mentioned break below 5886 would
drag Nifty fut up to 5850.
Nifty fut made low at 5847.40 and closed at 5853.40
Now for Today……….
5879-5885 is a strong hurdle.
Break below 5839 will trigger more downside up
to 5817-5809-5780.
Short term trend is bearish below 5900.
If Sustains above 5885 then rally up to 5911
not ruled out.
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