NIFTY Performed on Friday:
On Friday(27-5-11)Nifty opened at 5448 with a gain of 36 points, moved in the range 5437 – 5486 and closed at 5476 with a gain of 64 points. Nifty futures range was 5415 – 5482, having a difference of 67 points. Throughout the day, Nifty futures moved in a discount ranging from three to ten points. Though it was a Friday adjacent to F&O settlement
Prediction of MoneyMunch.com Intraday
(Disclosure: Yes My Subscribers and Yahoo group Members, Tuesday NIFTY future bought 5340-5349 and waiting for targets 5532-5578 with modified Stop loss 5378)
We are still holding and waiting…!
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What for Insight of Today…?
NIFTY Fut opening is expected 5456-5467 which support too…?
Trading of NIFTY future 5432 above will intraday targets 5522-5538 easily…!
(Support 5432-5446)
Yes, My Subscribers might have long with NIFTY Future as per our level and waiting 5534-5578
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Positional Trend with Levels
(Updated on 20-5-2011)
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)
Yes, My Subscribers are waiting for out short Term targets 5536-5580. To become a subscriber, subscribe to our free newsletter services.
(Now your Stop loss has been modified 5379 because next Support is 5395-5414)
(From 20 May, 2011, I’m wiring to buy NIFTY Future)
Technical Data-Sheet on NIFTY:
Last (27-05-2011) Closed@5476 (+62 points)
Last high@5485 low@5313
Weekly high@5541 low@5348
5DMA@5404
20DMA@5490
50DMA@5634
200DMA@5754
5-DAY RSI 59 AND 14-DAY RSI 46
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