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Banknifty Spot
(Updated on 24-07-2012 at 08.40 am)
Sell below 10410-10470 on rise.
Trading above 10310 will elevate more
up to 10348-10366-10387
Breakout below 10239 will deteriorate sentiment
further and See 10217-10200
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THOUGHT FOR TODAY
Open Mind
The mind is like a parachute – it works best when it is open. How quickly we make assumptions, jump to conclusions and close our mind. How easily we form and hold fast to our opinions and then close our mind. How fast do we make a judgement, slap on a label and then close our mind. A closed mind never knows the delight of playing with possibilities, being enlightened by others point of view or enjoying the diversity of human life. An open and understanding mind never assumes, doesn’t jump to conclusions and won’t hold fast to any opinion. Perhaps it is no wonder a closed mind is not a very relaxed mind.
Nifty Future
(Updated on 24-07-12 at 08.20 am)
See the accuracy of our levels we had written yesterday.
We mentioned that fall up to 5158 was on card and breakout below
5158 would even drag lower upto 5111.
Now see the NF low i.e 5111.55
Now for today
5132-5144 zone is intraday hurdle.
Sustains above this level with volumes then see 5156-5167.
5167-5188 is strong hurdle going up.
Breakout below 5104 will trigger more downside up to
5090-5071.
If more panic persists then 5054 not ruled out.
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Banknifty Spot
Updated on 23-07-2012 at 08.40 am
We indicated several times that Banknifty would
start correction below 10525.
Below 10525 bears will continue pushing it lower
at 10443-10383.
More panic below 10425 may drive it to 10305.
10520-10540 is strong hurdle zone.
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THOUGHT FOR TODAY
Open Mind
The mind is like a parachute – it works best when it is open. How quickly we make assumptions, jump to conclusions and close our mind. How easily we form and hold fast to our opinions and then close our mind. How fast do we make a judgement, slap on a label and then close our mind. A closed mind never knows the delight of playing with possibilities, being enlightened by others point of view or enjoying the diversity of human life. An open and understanding mind never assumes, doesn’t jump to conclusions and won’t hold fast to any opinion. Perhaps it is no wonder a closed mind is not a very relaxed mind.
What about Nifty Futures Today?
You can see easy fall upto 5170 and also 5158
Suppose to close OR break it and then… fall will be continue to 5111-5089
You can face 5229-5241 as resistance…!
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- Hanging man has managed to stop bulls.
- Spot Nifty 5267-5300 remains unfilled.
- 5156-5176 “maximum pain area” for intraday
- Friday chart of Dow Jones has also showed for down trend.
Nifty Future
(Updated on 20-07-12 Time 08.20 AM)
We entered long position at 5210 and kept booking gains
at intraday higher levels.
Yesterday we indicated above 5237 no worry for the bulls
It went up to 5268.
Now for today…
trading with sustained volumes above 5260-5265 will drive
above 5277-5293.
5236-5222 zone is intraday support.
Break below 5211 slide upto 5196-5189-5171
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BankNifty Spot
(Updated on 19-07-12 Time 08.40 AM)
Above 10614 bulls will dominate
Expect 10657-10687
10556 is intraday support
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