NIFTY Performed on Tuesday:
Equities ended a lackluster session on a positive note as the market discounted higher than expected inflation. WPI May inflation rose to 9.06 per cent against 8.66 per cent in April. National Stock Exchange’s Nifty ended at 5500.50, up 17.70 points or 0.32% percent. The broader index touched a high of 5520.15 and low of 5484.20 intraday.
The Nifty futures closed and settled finally at 5516.10 up by 17.60 points or 0.32%.
Prediction of MoneyMunch.com Intraday (To become a subscriber, subscribe to our free newsletter services. Our service is free for all.)
(Disclosure: Yesterday, NIFTY Fut bought 5438 and Booked Profit 5500 above)
Profit: 62 Points
What for Today…?
Just watch Hurdle 5524 – 5539
(If Nifty have not exist bulls …then you will see heavy selling pressure at hurdle and after breaking or trading below 5500… Targets will be 5468-5444 intraday and Positional will 5378-5332)
Nifty future can open flat…!
Suppose to trade 5530 above for 10-15minitues… Then Bulls and Bulls for targets 5572-5598 and more for positional
For Subscribers accurate Tips:
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 (ALL Targets achieved)
(From 20 May, 2011, I’m wiring to buy NIFTY Future)
Technical Data-Sheet on NIFTY:
LAST(14/06) CLOSE@5500 (+17 POINTS)
LAST HIGH@5520 LOW@5484
WEEKLY HIGH@5604 LOW@5436
5-DAY RSI 47 AND 14-DAY RSI 47.