02-08-2010 to 06-08-2010, WEEKLY TREND

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.


Wednesday, June 23, 2010

23-06-2010 INTRADAY LEVELS

Due to technical problem we are not update our levels in the morning,

But for ur reference,

23-06-2010,
NIFTY FUT:
BA: 5308, SL 5294, T 5324,5333
STRONG BUY ABOVE: 5347, SL 5333, T 5368,5390

SB: 5333, SL 5347, T 5316,5308
STRONG SELL BELOW: 5294, SL 5273, 5230

No comments:

Post a Comment