Thursday, June 28, 2012

NIFTY FUTURE STRATEGY FOR 29/06/12




LAST CLOSE @ 5151

NOW THE INDEX  IN CONSOLIDATTION MODE , MOVING INSIDE A TRADING RANGE BETWEEN 5090 - 5200.

A MOVE OUT OF THIS RANGE  EXPECTED SOON.

IF PRICE CAN SUSTAIN ABOVE  5167...NEXT TARGET MAY HIT 5179....CROSSOVER 5179 WILL TAKE TO 5191 LEVEL.

STIFF RESISTANCE @ 5204

SUPPOSE TRADE BELOW 5151....BEARS  TRY TO TOUCH 5121 - 5090 LEVELS.

STRONG SUPPORT @ 5085.

A CLOSE ABOVE 5210 WOULD SUGGEST STRENGTH WITH MORE UPSIDE POSSIBLE.

WE SHOULD THEN LOOKING @ .......?????

A CLOSE BELOW 5085...WILL TELL US THAT THE NIFTY IS READY FOR A CORRECTION ATLEAST  .........LEVELS...?????







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