Free Stock market / Nifty intraday tips

Free Ultimate Analysis on NIFTY Future & Technical Data

NIFTY-FUTURE8

NIFTY Performed on Monday:

Nifty Index shut up at 5387, also down with 100 points, The index touched a high and a low of 18,269.06 and 17,971.02 respectively.

Positional Trend with Levels

Buying Zone 5370-5390

(This zone is trend changer which can lead to nifty up direction for positional, mean this support is able to move NIFTY 5578 above for shortly)

After the crossing 5600…NIFTY will enter into the bullish zone for targets 5755-5811 in 1-3 months only)

Just, Concentrate on Closing or Breaking…!

Breaking of this support is not dangerous for long term investor because next support available for to move up for Nifty to move up… which is between 5240-5278!

Yes, Short term trade can take short position after breaking 5370 for targets 5300-5278?

Technical Data-Sheet on NIFTY:

Last (23/05/2011) close@5386 (-100 points)

Last high@5456 low@5373
Weekly high@5541 low@5373

5DMA@5432
20DMA@5570
50DMA@5640
200DMA@5755

5-DAY RSI 30 AND 14-DAY RSI 36.

Prediction of MoneyMunch.com Intraday

What for today?

As per our prediction of yesterday, Nifty fut has taking Strong Resistance on last Friday at 5522 and started fall…

Now NIFTY trend is look down…!

Resistance 5393-5405

(At this resistance pressure will come and after breaking 5375 support, Nifty future can spoil more to 5344-5324)

Hurdles at 5413-5427 level, bears will not able  to cross this level, if cross this level it may be cross 5437-5445, after crossing it may be break 5450-5469 zone by nonstop.

Hey… Buying Zone 5370-5390… read above message! To become a subscriber, subscribe to our free newsletter services.

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

Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.

Disclaimer: The information provided on this website, including but not limited to stock, commodity, and forex trading tips, technical analysis, and research reports, is solely for educational and informational purposes. It should not be considered as financial advice or a recommendation to engage in any trading activity. Trading in stocks, commodities, and forex involves substantial risks, and you should carefully consider your financial situation and consult with a professional advisor before making any trading decisions. Moneymunch.com and its authors do not guarantee the accuracy, completeness, or reliability of the information provided, and shall not be held responsible for any losses or damages incurred as a result of using or relying on such information. Trading in the financial markets is subject to market risks, and past performance is not indicative of future results. By accessing and using this website, you acknowledge and agree to the terms of this disclaimer.

Previous ArticleNext Article
Mr.Guru(s) is a team of stock market certified technical and research analysts with over 20 years of experience. They are regular guests on popular online channels and contribute articles to several financial publications. Their insights and advice are respected by investors worldwide. With their collective knowledge and expertise, they have a proven track record of successfully predicting market movements and identifying profitable opportunities.

Join Today (Free): Stock & Nifty Tips

Write a Comment

Comment Policy: We love comments and appreciate the time that readers spend to share ideas and give feedback. However, all comments are manually moderated and those deemed to be spam or solely promotional will be deleted. Your email address will not be published. Required fields are marked *