Ultimate Analysis on NIFTY Future (27th May, 2011)
NIFTY Performed on Wednesday:
Today Nifty opened at 5381 with a gain of 32 points, moved in the range 5356 – 5407 till 14:50, surge there after lifted Nifty 58 points and closed at 5412 with a gain of 63 points. Except for the last half an hour, anticipated volatility due to F& O settlement was lacking. Nifty futures range was 5354 – 5414, having a difference of 60 points.
Positional Trend with Levels
(Updated on 20-5-2011)
Buying Zone 5370-5490
(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 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 (26-05-2011) [email protected] (+64 POINTS)
Prediction of MoneyMunch.com Intraday
What for Today
(Disclosure: Yes My Subscribers and Yahoo group Members, Tuesday NIFTY future bought 5340-5349 and waiting for targets 5397-5428 with Stop loss 5330)
Target achieve above call with high of 5414
Nifty Resistance 5430-5438(This is Trend Resistance)
After crossover this resistance, Nifty will fire intraday and position 5460-5512 and more which are our short term targets.
Concentrate on 5371-5385 is good zone for enter to buy
Your Stop loss will be 5365 and wait for our targets…!
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