Nifty Future Daily View

Bulls-bears 1

Nifty Future

(Updated on 09.04.13 at 08.10 AM)

Yesterday written that NIFTY SPOT would

take support at 5330-5343 zone.

As expected Nifty spot dipped to 5537.05 and moved up.

Nifty Future Direction for Today…….

Support @ 5552-5544.

If trades above 5563 for 15 minutes

see rally up to 5573-5580.

Above 5590 see more upside up to 5610-5624.

Today 5663 level is important for upside move.

No need to change downside levels everyday.

Downside levels are as written yesterday.

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Nifty Weekly Update- Crucial Support at 5530-5543 zone.

Nifty spot

Crucial Support at 5530-5543 zone.

There are Chances that market may

have a pullback from this zone.

Above 5580 see rally up to 5620-5630.

If closes above 5640 then see

this pullback rally extending up to 5720-5750.

Two closing + weekly closing below 5510

if happens then see slide up to 5470-5430.

5471-5430 zone seems major support

on rising trendline on weekly chart.

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Nifty future is trading at 5590 is behaving as per prediction in our website post.

nifty-future-tip

(Updated at 01.00 PM)

Nifty future is trading at 5590 is behaving

as per prediction in our website post.

Nifty Future made low at 5558 and  seems

attempting to recover the lost ground from 5557 support.

Now if trades above 5590-5595

hurdle zone then see more upside up to 5610-5623.

If Nifty fut is not able to trade above 5590-5595 then it will

retest the low at 5558 or break below this low.

Yesterday recommended by email to yahoo group

to short sell at around 5624-5630 for Target of 5555-5521.

First target almost done.

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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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