I expect NIFTY SPOT to trade rangebound. New series started with light OI indicating traders are not confident about further up move. NIFTY SPOT will face R 5410-5420, 5440-50. I will prefer to watch 5440-50 levels for further up move. Failed to cross these levels will attract fresh shorts in market. On contrary sustainable up move above these levels will open door for fresh up move which looks difficult in current situation. On up side, NIFTY SPOT strong R 5480-90. NIFTY SPOT will take S 5280-90. Break below 5270 levels will warn about possible correction. NIFTY SPOT strong S 5220-30 for next week. Stock specific action will remain in market.
Monday, June 21, 2010
21-06-2010, INTRADAY LEVELS
NIFTY FUT:
BA 5248, SL 5234, T 5265,5274,5292
STRONG BUY ABOVE 5288, SL 5274, T 5309,5329,5332,5347
IF CROSS ABOVE 5332, T 5376
SB 5274, SL 5288, T 5256,5248,5235
STRONG SELL BELOW 5234, SL 5248, T 5220,5202,5189,5184,5166
No comments:
Post a Comment