Ultimate Analysis on NIFTY Future
(10th May, 2011)
NIFTY Performed on Friday:
The Indian markets had a negative trend throughout and closed on a flat note. The biggest loser of the day was Auto sector while the biggest winner of the day was FMCG sector. Sensex shut shop at 18528, in the positive by 10 points since its previous close, while Nifty moved to 5551, in the negative by almost a point. The CNX Mad-Cap index was down 0.1% and the BSE Small-Cap index was up 0.04%. The market breadth was negative with advances at 530 against declines of 759 on the NSE.
Positional Trend with Levels
Sustenance above the 5500 levels will see the NIFTY gradually head higher towards the 5650-5687 levels. (Expected time zone 72hrs)
Above 5594, NIFTY may see 5669, 5706…Easily…?
Yes, Everybody knows of Thursday of last week given to BUY Nifty fut. 5450 in small quantities…! (Your Stop loss is your bought price)
Note: This pull is not believable for ending of Bearish Trend but also not confirmation of Bullish fully
Therefore, Just Non-Stop 5688-5722 will be sign of Bulls for 5800-5840
Small Risk Opportunity in ADVANCED (Base of Hourly oscillators) : Selling levels 5611-5629 and Short Term Targets will 5536-5476, if trades 5630 above for 10minitues…then Exit from Short Position
(Please, Note that we are long with nifty future as mentioned above paragraph, yet we try to book profit 5584 above)
Keep Patience of Accurate single and our levels
(New update will be below 5440 only)
Are you looking for Option Advice…? Just Visit www.MoneyMunch.com and Subscribe today.
Technical Data-Sheet on NIFTY:
Last (09-05-2011) [email protected] (Flat)
last [email protected] [email protected]
weekly [email protected] [email protected]
(5-day RSI 34 and 14-Day RSI 40)
Prediction of MoneyMunch.com Intraday
Disclosure: Yesterday Exact NIFTY fall to our BUY levels 5498 to 5511(Low 5501) and Nifty missed target 5594 with high of 5584 (Missed points 10)
Profit Points: 70 to 84
Now, just watch 5532-5537(Support)
(Breaking this level will be intraday weakness and Nifty can fall more 5500 and 5478 easily)
Today expected high volatile trading…!
For the more market trend…read positional message…!
(Today is important to know accurate move)
In case of closing Nifty 5532 below…NIFTY hold your Short Position for targets of 5468-5440
Bull is only 5630 above.!
Get free important share market ideas on stocks & nifty tips chart setups, analysis for the upcoming session, and more by joining the below link: Stock Tips
Are you looking for NSE paid calls? Want to get premium trading alerts and unlimited access to Moneymunch? Join today and start potentially multiplying your net worth: Premium Stock & Nifty Tips
Premium features: daily updates, full access to the Moneymunch #1 Rank List, Equity Research Reports, Focus List portfolio of 50 longer-term stocks, Premium screens, and much more. You will quickly identify which stocks to buy, which to sell and target today΄s hottest industries.
Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.