Wednesday, August 10, 2011

NIFTY VIEW :--------------

Hi dear readers ,
“RSI is highly oversold in daily chart. Rally of 3-5 days may occur from today's low be alert to grab it”.

Our support was 4967-4937, NF opened at 4964, just for few seconds only made low of 4951 and remained above 4967. NF rallied non stop up to 5172 then a deep up to 5010.6 and closed at 5083.4.

While updating this, SGX nifty is trading at 5164.5, up 69 points.

Have you bought NF at lower level?

Today’s trading levels for Nifty Future:
Resistance: 5150-5175-5232-5268
Support: 5074-5011-4967-4951

Today on remaining above 5074 will take NF to 5150; crossover above it will take NF to 5175.

There is a gap at 5232-5339, so on crossover above 5175, one has to be alert around 5232.

Till NF is above 5011, there is no problem for bulls now.

Now what to do? You have to trade with levels only. More details to our subscribers.

Regards,
Analysenifty Team

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