Ultimate NIFTY Future (8-6-2011)

What for Today?

Below 5550 level, Bulls will get panic up to 5518-5526 zone and thereafter slide may continue up to 5491-5499 zone by non-stop.

Hurdle at 5564 level. Bears will not allow Bulls to cross this level. If Bulls can able to absorb selling then rally may continue up to 5573 level and thereafter expect a jump up to 5581-55891 zone by non-stop.

Good Opportunity to Sell at around 5614-5616 zone. Protect your short positions with a Stop Loss of 5639-5641 zone too.

On Negative Side, break below 5471-5473 zone can create panic up to 5445-5447 zone by non-stop. If breaks & sustains this zone, then Bears will try to ride and have caution.

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