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Nifty Future, Suppose to trade or close 6000 again, then watch targets as mentioned in chart.
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THOUGHT FOR TODAY
——————————
Full Stop
To think over and over again about a mistake you have made once, is constantly to put stains on top of stains. Therefore, put a full stop to the past.
Nifty Future
(Updated on 01-01-2013 at 08.20 AM)
As mentioned yesterday, Nifty spot faced hurdle at 5919
and could not crossover it.
Nifty fut likely to break out above 5960-5965 resistance.
If sustains above 5975 with sustained vol then
except blast up to 6010-6022-6033.
5943-5933 intraday support zone.
Crucial support at 5910.
Our Target above 5975 is 6030 as written in previous post.
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As like Last week, the US Fiscal cliff fear is still looming. Deadline is On Monday, Dec 31st.
Meanwhile, market likely to focus on India’s current account data for July-Sept due on Monday also
with any hike in petrol prices by the government to reduce the mounting subsidy burden of oil marketing companies.
Meanwhile, PMEAC Mr. Rangrajan again said that the reversal of monetary policy stand by
the RBI will come only when inflation shows definite signs of decline.
Nifty spot has been trading within a range of 5965-5823
for almost 15-18 sessions Which has formed descending
triangle pattern. This pattern has bullish implication
so most likely breakout may be on the upside.
Strong Support at 21 EMA at 5850-5830.
Hurdle at 5918-5930.
Crossover above 5930 with vol expect 5942-5962.
Three Consecutive Closing above 5965 may take up to 6022-6030.
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THOUGHT FOR TODAY ——————————
Optimistic Outlook
Optimism opens a door in difficult or hopeless situations. No matter what the crisis, an optimist maintains the outlook that it is a sign, time for a different way of thinking, or of doing things. Sometimes the signal has to be very clear even harsh, otherwise we may continue in self-delusion and not wake up. Of course if we lack optimism, instead of taking this signal as a step towards renaissance, complaint, resentment or even desperation will emerge.
Nifty spot
(Updated on 27-12-2012 at 07.20 AM)
Yesterday mentioned Nifty fut had resistance at 5931.
It could not cross over 5931 and made high at 5930.80
Strategy for Nifty spot for Today
Break below 5862 Expect slides up to 5851-5844
Nifty spot has strong support at 5844-5836 region.
5893-5902 Intraday resistance.
Crossover 5910 may take up to 5919-5928.
Decisive Break below 5836 may take NF up to 5814-5800.
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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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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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