NIFTY & SENSEX VIEWS: (03rd Jan 2012)
NIFTY
Trend-Weak
SENSEX
Trend-Weak
If NIFTY breaches 4669 and stays above at least 4653 with good volume then NIFTY trend is becoming 'STRONG' and may see 4685 and 4710. :thumb:
If Nifty breaches 4605 and stays below 4621 then NIFTY trend is said to be 'WEAK'.Then expected lower targets are 4589 and 4550.
If SENSEX breaches 15620 and stays above 15568 with good volume then Sensex trend is becoming 'STRONG' , possible upper targets are 15675 and 15750. :clap:
If SENSEX crosses 15416 and stays below 15467 with good volume then Sensex trend is said to be 'WEAK'.Then expected lower targets are 15365 and 15240.
Intraday break out level to watch on NIFTY Spot- 4669
Intraday break down level to watch on NIFTY Spot- 4605
BANKNIFTY FUTURES
BUY -8022 TARGETS -8062,8110,8180 SL-7994
SELL-7960 TARGETS -7920,7875,7800 SL-7984
SBIN FUTURES
BUY -1626 TARGETS -1636,1648,1665 SL-1619
SELL-1611 TARGETS -1601,1585,1568 SL-1617
NIFTY
Trend-Weak
SENSEX
Trend-Weak
If NIFTY breaches 4669 and stays above at least 4653 with good volume then NIFTY trend is becoming 'STRONG' and may see 4685 and 4710. :thumb:
If Nifty breaches 4605 and stays below 4621 then NIFTY trend is said to be 'WEAK'.Then expected lower targets are 4589 and 4550.
If SENSEX breaches 15620 and stays above 15568 with good volume then Sensex trend is becoming 'STRONG' , possible upper targets are 15675 and 15750. :clap:
If SENSEX crosses 15416 and stays below 15467 with good volume then Sensex trend is said to be 'WEAK'.Then expected lower targets are 15365 and 15240.
Intraday break out level to watch on NIFTY Spot- 4669
Intraday break down level to watch on NIFTY Spot- 4605
BANKNIFTY FUTURES
BUY -8022 TARGETS -8062,8110,8180 SL-7994
SELL-7960 TARGETS -7920,7875,7800 SL-7984
SBIN FUTURES
BUY -1626 TARGETS -1636,1648,1665 SL-1619
SELL-1611 TARGETS -1601,1585,1568 SL-1617