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NIFTY Performed on Tuesday:
Today(11511)Nifty opened at 5557 with a gain of 16 points, moved in the range 5525 – 5575 as expected and closed at 5565 with a gain of 24 points.
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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…?
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Yes, Everybody knows of Thursday of last week given to BUY Nifty fut. 5450 in small quantities…! (Your Stop loss is your bought price)
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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
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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
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(Please, Note that we are long with nifty future as mentioned above paragraph, yet we try to book profit 5584 above)
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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.
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Technical Data-Sheet on NIFTY:
last (11-05-2011) [email protected] (+24 points)
LAST [email protected] [email protected]
WEEKLY [email protected] [email protected]
[email protected]
[email protected]
[email protected]
5-DAY RSI 41 AND 14-DAY RSI 42
US dollar index recover from 73 now at 74.88.
NYMEX crude hovering at 100 now at 100.01.
Dow future trading 70points red.
Mixed trend seen.
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Prediction of MoneyMunch.com Intraday
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Disclosure: Yesterday Nifty missed 6-Points our pre market selling levels 5611-5629(High 5606) and started to fall as given targets 5532-5500(low 5517)
Profit: 73 Points profit
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What for Today…?
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Bounce Back/ rally are possible only: 5475/5500 (Intraday)
(A complex correction could end thereabout, but after 10’o clock will see real move)
NIFTY will open 5513-5524
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Bigger move can be possible to breakout above range…!
(Next 2-Day’s of trading secession expected trade between 5474-5632, therefore above levels are for Jobbing)
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More update will be for Subscribers only…!
Before the Act, Kindly Read Disclaimer on www.MoneyMunch.com
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