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05 March, 2011

Nifty analysis

Nifty future levels 5460-5550-5600-5660-5720-5750. (Most possibly 5660 only).
  • FII bought in cash, Balanced in F&O.
  • Nifty future added 9 lakhs at higher level (5550). Theses are shorts if nifty future falls below 5517 tomorrow. 
  • May be for two days markets may be range bound. As far as macd day chart is concerned minimum three days of +ve momentum to market is expected.
  • What happens to nifty at 5660? At present downside is only up to 5460. Final journey to market is 5100.

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