NIFTY FUTURE TRADING STRATEGY FOR 08/01/13

LAST CLOSE @ 6024

INTRADAY HURDLES @ 6058--------6062----------6074

IN INTRA............TRADING BELOW 6048

SIGNALS SOME WEAKNESS IN BULLS MOMENTUM

MAY DRAG TO 6026-----------6017-----------6012 LEVELS

MADE HIGH 6059 AND LOW 6013

INTRADAY SUPPORT @ 6012----------6005 LEVELS

IN INTRA.....TRADING BELOW 6027......SEEMS WEAKNESS

MAY SLIDE TO 6012----------6005 LEVELS

SUPPOSE TRADE BELOW 6005 - 6002 LEVELS FOR 10-20 MIN WITH VOLUME

SEE PANIC SELLING UPTO 5980 LEVEL IN INTRA NOT RULED OUT

THEREAFTER SUPPORT FOR BULLS @ 5960 LEVEL

IF BULLS MANAGE TO HOLD AND TRADE ABOVE 6027--------6030 LEVELS

CAN EXPECT LIKELY TO HIT 6050---------6058 LEVELS IN INTRA

NOW STIFF HURDLES AROUND 6058------------6062 LEVELS

 BULLS NEED TO CLOSE ABOVE 6062 LEVELS FOR NEXT RALLY

ELSE

NIFTY FUTURE MAY RETEST 5980-------5960..........5930 LEVELS  NOT RULED OUT IN COMING DAYS

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