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.
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)
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Technical Data-Sheet on NIFTY:
last (11-05-2011) close@5565 (+24 points)
LAST HIGH@5574 LOW@5525
WEEKLY HIGH@5909 LOW@5443
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 70 points red.
Mixed trend seen.
Prediction of MoneyMunch.com Intraday
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
What for Today…?
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
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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