Nifty Futures Intraday Trend Analysis & Trading Calls For 08-07-09
NIFTY FUTURES HAS CLOSED AT 4191.15
MARKET WITNESSED A VERY NARROW TRADING SESSION FOLLOWED WITH THIN VOLUMES.
THE UNDERTONE STILL REMAINS BEARISH DUE TO THE INABILITY OF NIFTY FUTURES TO CLOSE PAST THE 4259 REGION.
HEAVY WEIGHTS LIKE L&T, RELIANCE, SBI, INFOSYS WERE UNDER PERFORMERS.
STOCKS LIKE IVRCL INFRA, JPASSOCIATES, GAIL, CENTURY TEXTILES WERE FLARING AND THIS STOCK OUTPERFORMED THE HEAVY WEIGHTS.
"""'4215 IS THE TREND DECIDER FOR TOMORROW INTRADAY SESSION""""
BULLS WILL MAKE A COMEBACK ONLY IF NIFTY FUTURES MANAGES TO HOLD IT SELF ABOVE THE 4215 ZONE.
ABOVE 4215 THE 1st RESISTANCE FOR NIFTY FUTURES IS PEGGED AT 4233.
NIFTY FUTURES IS LIKELY TO REVERSE ITS TREND THE MOMENT IT HITS 4233.
BUT A MOVE PAST 4233 WILL TAKE NIFTY FUTURES TO 4252 & 4271.
4271 WILL BE THE MAXIMUM FOR TOMORROWS UPSIDE FOR THE NIFTY FUTURES.
NOTE: - TILL WE DO NOT SEE NIFTY FUTURES SUSTAINING & CLOSING ABOVE 4259, WE CANNOT RULE OUT A NEW LOW IN THE MAKING.
NIFTY FUTURES CAN BREACH THE PREVIOUS LOW OF 4121 & IT CAN MAKE A NEW LOW IF IT DOESNT TAKE OFF THE 4259 REGION ON A CLOSING BASIS AS SOON AS POSSIBLE.
IF NIFTY FUTURES MANAGES TO TRADE ABOVE 4215 THEN IMMEDIATE SUPPORT FOR NIFTY FUTURES IS PEGGED AT 4195 4186 & 4177.
1st BOUNCE BACK REGION FOR THE NIFTY FUTURES IN CASE OF A DOWNFALL IS PLACED AT 4177.
AT ANY GIVEN SITUATION 4177 SHOULDNT BE BREACHED.
A BREACH OF 4177 WILL DRAG NIFTY FUTURES TO 4163 4148 REGION.
TODAY'S DAY LOW WAS 4148 AND THEREFORE IT HOLDS IMMENSE SIGNIFICANCE FOR THE BULLS.
IF 4148 IS CRACKED THEN A FURTHER FALL UP TO 4124 NOT RULED OUT.
2nd & THE LAST BOUNCE BACK REGION IS PLACED AT 4124 AND BELOW THAT A FALL UP TO 4100 IS EXPECTED.
JPASSOCIATES BUY 207 S/L 202 TGT 212 218 & SELL 201 S/L 203 TGT 197 190
IVRCL INFRA BUY 362 S/L 348 TGT 380 400 & SELL 346 S/L 350 TGT 330 300
SESAGOA BUY 185 S/L 182.50 TGT 187 190 & SELL 182 S/L 184 TGT 180.50 177
RIL BUY 1869 S/L 1857 TGT 1881 1899 1923 1947 & SELL 1855 S/L 1864 TGT 1838 - 1821 - 1802 1781
REL CAP BUY 832 S/L 827 TGT 849 872 & SELL 825 S/L 830 TGT 818 809 799 787
HAVE A NICE TRADING SESSION TOMORROW
GANPATI BAPPA MORYA
HARI OM
REGARDS,
NISHIKANT K. HADGE
HARI OM
:thumb:
:thumb:
NIFTY FUTURES INTRADAY TREND ANALYSIS & TRADING CALLS FOR 08-07-09
NIFTY FUTURES HAS CLOSED AT 4191.15
MARKET WITNESSED A VERY NARROW TRADING SESSION FOLLOWED WITH THIN VOLUMES.
THE UNDERTONE STILL REMAINS BEARISH DUE TO THE INABILITY OF NIFTY FUTURES TO CLOSE PAST THE 4259 REGION.
HEAVY WEIGHTS LIKE L&T, RELIANCE, SBI, INFOSYS WERE UNDER PERFORMERS.
STOCKS LIKE IVRCL INFRA, JPASSOCIATES, GAIL, CENTURY TEXTILES WERE FLARING AND THIS STOCK OUTPERFORMED THE HEAVY WEIGHTS.
FOR TOMORROWS INTRADAY SESSION, NIFTY FUTURES WOULD BE IN THE TREND MENTIONED BELOW:-
UPWARD VIEW OF NIFTY FUTURES
UPWARD VIEW OF NIFTY FUTURES
"""'4215 IS THE TREND DECIDER FOR TOMORROW INTRADAY SESSION""""
BULLS WILL MAKE A COMEBACK ONLY IF NIFTY FUTURES MANAGES TO HOLD IT SELF ABOVE THE 4215 ZONE.
ABOVE 4215 THE 1st RESISTANCE FOR NIFTY FUTURES IS PEGGED AT 4233.
NIFTY FUTURES IS LIKELY TO REVERSE ITS TREND THE MOMENT IT HITS 4233.
BUT A MOVE PAST 4233 WILL TAKE NIFTY FUTURES TO 4252 & 4271.
4271 WILL BE THE MAXIMUM FOR TOMORROWS UPSIDE FOR THE NIFTY FUTURES.
NOTE: - TILL WE DO NOT SEE NIFTY FUTURES SUSTAINING & CLOSING ABOVE 4259, WE CANNOT RULE OUT A NEW LOW IN THE MAKING.
NIFTY FUTURES CAN BREACH THE PREVIOUS LOW OF 4121 & IT CAN MAKE A NEW LOW IF IT DOESNT TAKE OFF THE 4259 REGION ON A CLOSING BASIS AS SOON AS POSSIBLE.
DOWNWARD VIEW OF NIFTY FUTURES
IF NIFTY FUTURES MANAGES TO TRADE ABOVE 4215 THEN IMMEDIATE SUPPORT FOR NIFTY FUTURES IS PEGGED AT 4195 4186 & 4177.
1st BOUNCE BACK REGION FOR THE NIFTY FUTURES IN CASE OF A DOWNFALL IS PLACED AT 4177.
AT ANY GIVEN SITUATION 4177 SHOULDNT BE BREACHED.
A BREACH OF 4177 WILL DRAG NIFTY FUTURES TO 4163 4148 REGION.
TODAY'S DAY LOW WAS 4148 AND THEREFORE IT HOLDS IMMENSE SIGNIFICANCE FOR THE BULLS.
IF 4148 IS CRACKED THEN A FURTHER FALL UP TO 4124 NOT RULED OUT.
2nd & THE LAST BOUNCE BACK REGION IS PLACED AT 4124 AND BELOW THAT A FALL UP TO 4100 IS EXPECTED.
TRADING CALLS FOR 08-07-09
JPASSOCIATES BUY 207 S/L 202 TGT 212 218 & SELL 201 S/L 203 TGT 197 190
IVRCL INFRA BUY 362 S/L 348 TGT 380 400 & SELL 346 S/L 350 TGT 330 300
SESAGOA BUY 185 S/L 182.50 TGT 187 190 & SELL 182 S/L 184 TGT 180.50 177
RIL BUY 1869 S/L 1857 TGT 1881 1899 1923 1947 & SELL 1855 S/L 1864 TGT 1838 - 1821 - 1802 1781
REL CAP BUY 832 S/L 827 TGT 849 872 & SELL 825 S/L 830 TGT 818 809 799 787
HAVE A NICE TRADING SESSION TOMORROW
GANPATI BAPPA MORYA
HARI OM
REGARDS,
NISHIKANT K. HADGE