Sunday, July 15, 2012

NIFTY FUTURE STRATEGY FOR 16/07/12


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LAST CLOSE @ 5241

LAST FRIDAY INDICATED.....IF PRICE CAN TRADE AND SUSTAIN ABOVE 5250....WILL TAKE TO 5272 - 5280 LEVELS AND BELOW 5248....NEXT TARGET MAY BE 5228-5220 LEVELS.

HIT HIGH 5277

HIT LOW 5228.50

TODAY...WHAT TO EXPECT?

TRADE ABOVE 5242....NEXT TARGET MAY BE 5250 - 5263 LEVELS.

THEREAFTER....5272 AND 5280 LEVELS.

BELOW 5240...MAY TOUCH 5225 - 5215 LEVELS.

THEN SUPPORT @ 5203 AND 5190

STRONG SUPPORT @ 5185

STIFF RESISTANCE @ 5280 - 5289 LEVELS.



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