NIFTY Performed on Thursday:
Today(12-5-11)Nifty opened at 5527 with a loss of 38 points, moved up to 5573, moved down to 5476 and closed at 5486 with a loss of 79 points. Nifty futures range was 5471 – 5578, having a difference of 108 points, and it was at 5 points discount at closing time.
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)
Just watch closing…5459 below…!
Suppose to happen this one….then Targets of Position will be 5366-5321 for traders of short term
Note: This pull is not believable for ending of Bearish Trend but also not confirmation of Bullish fully
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 (12-05-2011) closed@5486 (-79 points)
Last high@5572 low@5476
Weekly high@5909 low@5443
5-DAY RSI 41 AND 14-DAY RSI 42
US dollar index recover from 73 now at 75.33.
NYMEX crude hovering at 100 now at 97.35.
Dow future trading 60point red.
Mixed trend seen.
Prediction of MoneyMunch.com Intraday
Disclosure: Monday, NIFTY Future selling was on 5611 and missed 6 points and started to fall 5476 (Target Achieved with Profit 130 Points)
What for Today…?
Selling Pressure: 5497-5513
(After breaking 5474…NIFTY Future can spoil 5438-5416 easily)
(Just, concentrate on closing which will 5458 below then…PANIC Targets 5362-5316)
Note: Crossover 5515 will be Bullish for intraday …!
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