Nifty Future

Nifty Future
(Updated on 30-08-2012 at 08:00 AM)

Yesterday we indicated 5351 is hurdle zone and

below 5335 slide upto 5323 and

trading below 5018 would take it to 5302-5294.

Nifty fut formed high at 5350 and declined to 5292.50.

Now Today…

5339-5350 is Resistance zone and below

which the short term trend is down.

In upside nifty may move up to that level and then retrace.

Breakout below 5281 may drive even lower up to 5266-5251.

Three daily and weekly Closing below 5280 may

create more downside and likely to touch 5251-5200.

5200 is good support.

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Recommendations

Yesterday we bought

Reliance Ind at 784 for Target = 790-795-800

Reliance formed at 797.50

Sun Pharma at 678 for Target = 689

Sun Pharama kissed 687

Did you see Yes Bank and Jindal Steel

We mentioned on our post dated 22-08-2012

If Not then See the post and todays Closing price.

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Nifty Future

Nifty Future

(Updated on 29-08-2012 at 08:00 AM)

5320-5290 zone is strong support for medium term trend.

short is not advisable near this zone.

Above 5351 expect 5363-5368.

5368 is intraday hurdle zone.

Crossover with volumes may confirm uptrend is intact and may

drive it to 5380-5394-5405.

suppose if not sustains and breaks below 5335 then

expect slide 5223.

Sustained trading below 5318 for 20 minutes

NF will see lower levels at 5302-5294 and consolidations.

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Nifty Future

Nifty Future
(Updated on 24-08-2012 at 08.00 am)

Nifty fut moved higher above 5437 at 5463 after taking support at 5403

as we projected support at 5405.

It also face sharp resistance at 5459 and fell from high of 5463.

Now for today…

Break below 5405 and if stays below it for 20 minutes then

expect slide up to 5390-5378.

5447 is intraday hurdle crossover may drive it to 5456-5463.

5468 -5484 is strong hurdle zone as we mentioned previously.

If weakness persists then NF may extend correction up to 5354.

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Share tips updated on 23-08-2012

Tata Chem

Support at 309

Crossover above 314 see blast up to318-320.

Weekly Closing above 318 will set this on fire up to 328-330

On  Last Thirsday we Bought Jindal steel & Power at 412 and moved

up to 426 against our target = 428

Yesterday we bought

SBI (Positional) at 1916 and today it flared up to 1913

against our Target= 1932

Aditya Birla Nuvo at 793 and exploded in hours up to 810 and

today it formed high at 815 all target hit

Today

Intraday Reliance Cap at 371 and hit first target at 375.5

Intraday Sun Pharma at 670 and blast up to 675

Intraday Reliance Ind at 807 for Target =811 and moved high at 812.5

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Nifty Future

Nifty Future
(Updated on 23-08-2012 at 08.00 am)

Nifty fut staged sharp recovery after opening

weak as written here and formed low at 5405.

Going ahed gradually started itching upward to kiss 5454.

We yesterday boldly written that NF would touch 5414-5405 and

and 5451-5459 is hurdle zone and after touching

5454, gain wiped off sharply.

Now for today…

5405-5412 is intraday support zone.

Above 5388 short term trend bullish.

Crossover 5437-5442 may push it higher at 5459.

If sustains above 5459 with volumes for 15

minutes then expect 5468-5484.

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