NIFTY & SENSEX VIEWS: (04th May 2012)
NIFTY
Trend-Weak
SENSEX
Trend-Weak
If NIFTY breaches 5209 and stays above at least 5198 with good volume then NIFTY trend is becoming 'STRONG' and may see 5224 and 5245. :clapping:
If Nifty breaches 5168 and stays below 5179 then NIFTY trend is to be 'WEAK'.Then expected lower targets are 5153 and 5140.
If SENSEX breaches 17235 and stays above 17192 with good volume then Sensex trend is becoming 'STRONG' , possible upper targets are 17285 and 17385. :clap:
If SENSEX crosses 17068 and stays below 17110 with good volume then Sensex trend is said to be 'WEAK'.Then expected lower targets are 17020 and 16960.
Intraday break out level to watch on NIFTY Spot- 5209
Intraday break down level to watch on NIFTY Spot- 5168
NIFTY FUTURES (Risky)
BUY -5213 TARGETS -5230,5348,5365 SL-5199
SELL-5189 TARGETS -5172,5158,5140 SL-5202
HDFC BANK FUTURES (Risky)
BUY -558 TARGETS -561,565,570 SL-555
SELL-553 TARGETS -550,545,539 SL-556
NIFTY
Trend-Weak
SENSEX
Trend-Weak
If NIFTY breaches 5209 and stays above at least 5198 with good volume then NIFTY trend is becoming 'STRONG' and may see 5224 and 5245. :clapping:
If Nifty breaches 5168 and stays below 5179 then NIFTY trend is to be 'WEAK'.Then expected lower targets are 5153 and 5140.
If SENSEX breaches 17235 and stays above 17192 with good volume then Sensex trend is becoming 'STRONG' , possible upper targets are 17285 and 17385. :clap:
If SENSEX crosses 17068 and stays below 17110 with good volume then Sensex trend is said to be 'WEAK'.Then expected lower targets are 17020 and 16960.
Intraday break out level to watch on NIFTY Spot- 5209
Intraday break down level to watch on NIFTY Spot- 5168
NIFTY FUTURES (Risky)
BUY -5213 TARGETS -5230,5348,5365 SL-5199
SELL-5189 TARGETS -5172,5158,5140 SL-5202
HDFC BANK FUTURES (Risky)
BUY -558 TARGETS -561,565,570 SL-555
SELL-553 TARGETS -550,545,539 SL-556