NIFTY & SENSEX VIEWS: (16th July 2012)
NIFTY
Trend-Weak
SENSEX
Trend-Weak
If NIFTY breaches 5255 and stays above at least 5241 with good volume then NIFTY trend is becoming 'STRONG' and may see 5275, 5300 and 5330. :clap:
If Nifty breaches 5199 and stays below 5214 then NIFTY trend is to be 'WEAK'.Then expected lower targets are 5180, 5160 and 5140.
If SENSEX breaches 17303 and stays above 17257 with good volume then Sensex trend is becoming 'STRONG' , possible upper targets are 17365, 17450 and 17545. :clap:
If SENSEX crosses 17125 and stays below 17170 with good volume then Sensex trend is said to be 'WEAK'.Then expected lower targets are 17065, 17000 and 16940.
Intraday break out level to watch on NIFTY Spot- 5255
Intraday break down level to watch on NIFTY Spot- 5199
BANK NIFTY FUTURES
BUY -10660 T-10720,10780,10840 SL-10635
SELL-10592 T-10558,10510,10430 SL-10626
HDFC BANK FUTURES
BUY -589.70 T-592,596,600 SL-588
SELL-586.50 T-584,581,577 SL-589
NIFTY
Trend-Weak
SENSEX
Trend-Weak
If NIFTY breaches 5255 and stays above at least 5241 with good volume then NIFTY trend is becoming 'STRONG' and may see 5275, 5300 and 5330. :clap:
If Nifty breaches 5199 and stays below 5214 then NIFTY trend is to be 'WEAK'.Then expected lower targets are 5180, 5160 and 5140.
If SENSEX breaches 17303 and stays above 17257 with good volume then Sensex trend is becoming 'STRONG' , possible upper targets are 17365, 17450 and 17545. :clap:
If SENSEX crosses 17125 and stays below 17170 with good volume then Sensex trend is said to be 'WEAK'.Then expected lower targets are 17065, 17000 and 16940.
Intraday break out level to watch on NIFTY Spot- 5255
Intraday break down level to watch on NIFTY Spot- 5199
BANK NIFTY FUTURES
BUY -10660 T-10720,10780,10840 SL-10635
SELL-10592 T-10558,10510,10430 SL-10626
HDFC BANK FUTURES
BUY -589.70 T-592,596,600 SL-588
SELL-586.50 T-584,581,577 SL-589