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Banknifty Spot
(Updated on 16-08-2012 at 08.10 am)
Above 10450 bulls will drive it higher.
10481-10457 good intraday support.
If trades above 10500 for 20 minutes then
grab it for target of 10586-10640.
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Nifty Future
(Updated on 16-08-2012 at 07.50 am)
As expected NF took support at 5355 and then
rose and closed above 5406.
We had written that if it took support between 5359-5352 and
trades above 5365 then it would see 5384-5397.
But on the back of a positive inflation figures market got a
boost and formed higher high at 5416.
Now for today…
5391-5382 is good intraday support.
Crossover 5421 with sustained volumes may add power and elevate NF
to higher at 5436-5452-5467.
5470-5482 is hurdle zone.
Grab above 5421 it may see 5436-5443 in minutes.
5350-5365 is good support for short term trend.
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BUY NF 5368-5386 and SL 5362 go for targets 5438-5462
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Nifty Future
(Updated on 14-08-2012 at 07.50 am)
Yesterday NF lowered at 5326..85 and then moved up higher at 5377.70
towards the end of the session and closed at 5371.90.
5359-5352 is Intraday support.
If sustains and trades aboe 5365 then expect rally up to 5378-5384.
5391-5397 zone is hurdle zone.
Breaking below 5346 Nf may slide up to 5333-5328.
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Todays ThoughtTHOUGHT FOR TODAY
Inner Beauty
“Wow…that’s beautiful!” Is either a cry or a thought when faced with the mountain sunset, a spectacular view or a well formed man or woman. But where is the beauty, where is the appreciation of beauty, where is the ability to discern beauty? It is within our own consciousness. For the essence of who and what we are is beauty itself. The essence of beauty is not found in the body, a face or a mountain – they only stir the essence of beauty within our own spirit. And that beauty is not only something we taste within ourselves, but it emerges in our character as virtue, and in our life as care. For what is virtue, but love in action. The next time you say, “That’s beautiful!” know that you speak of yourself, and it is you who are beautiful. Always were, always will be.
Nifty Future
(Updated on 10-08-12 Time 08.20 AM)
Breakout below 5324 and then not able
to cross 5337-5343
NF may slide lower at 5310-5298.
If weakness persists then slide may
extend up to 5376-5362.
If trades above 5355 with volumes for
10-15 minutes then expect 5368-5374-5382.
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That does not mean that the rally is over, it may just be a pause Or Short Term bear attacked. To become a subscriber, subscribe to our free newsletter services. Our service is free for all.