Thursday, July 5, 2012

NIFTY FUTURE STRATEGY FOR 06/07/12





LAST CLOSE @ 5345

AS EXPECTED NIFTY CAN  BREAKOUT FROM 5270 - 5335  RANGE. EXPECT NIFTY MAY CONTINUE TO REMAIN INSIDE A TRADING RANGE BETWEEN 5270 - 5410 LEVELS.

YESTERDAY INDICATED  ....TRADING ABOVE 5340....BULLS TRY TO KISS 5358 - 5360 LEVELS.

YESTERDAY MADE HIGH 5355.

SUPPOSE BULLS CAN'T CLOSE ABOVE 5340....THEN BEARS TRY TO HIT 5270 - 5230 LEVELS NOT RULE OUT.

TODAY ,WHAT TO EXPECT ?

TRADING ABOVE 5345....WILL TAKE TO 5355 AND 5366 LEVELS.

CROSSOVER 5366.....CAN SEE RALLY UPTO 5372....THEREAFTER....

5405 ?????

BELOW 5345.....BEARS WILL TAKE TO 5334 - 5325.

THEREAFTER ...5310 AND 5300 ARE SUPPORTS.

MAIN SUPPORT @ 5270





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