Monday, July 16, 2012

Nifty Future 16th July


FROM THE HANDS OF BULLS
NOW IN THE HANDS OF BEARS

NF on Friday was above our support level of 5255 for most part of the day
but NF spot unable to cross 5262 saw some selling.
NF after breaking 5255 went to low 5228.30 & close 5240.45.

What To Expect ?

As said NF below 5255 will touch 5215
Today Imp Support @ 5215
Below it see 5193 
Below 5193 NF will go on for gap filling for 5155.

Intra Hurdle @ 5255 
Above it NF will go on for 5290
If break 5290 see 5315-5338.

HOLDING SHORT @ 5255 WITH SL 5264
FOR TARGET 5215 -5193.


 “As a speculator you must embrace disorder and chaos.”

HAVE A GOOD DAY
&
A GREAT WEEK


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