Monday, September 3, 2012

NIFTY VIEW 3 SEP 2012

GM
Today, while updating this SGX nifty is trading at 5288.
Today’s trading levels for Nifty Future:
Resistance: 5306-5333-5344-5361-5385-5412
Support: 5276-5249-5240-5216-5198-5176
Today, on remaining above 5276, NF will attempt for 5306. On crossover above it will take it to a resistance zone of 5333-5344. NF will face selling pressure around this resistance zone. On crossover above it, there is a strong resistance of 5361 which will be difficult for NF to cross.
On sustaining below 5276 will take NF to 5249-5240. On break below 5240 will take NF to 5216-5198.
Alert: Chinese Shanghai composite index is around 3years low and no one is discussing about it. Day by day china’s Shanghai composite index is making new lows, why??????
REGARDS

ANALYSENIFTY TEAM

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