WEEKLY TREND ANALYSIS OF NIFTY FUTURES FROM 8th JUNE TO 12th JUNE 2009
IMPORTANT:- FROM THE LOW OF 2539 SPOT NIFTY HAS RALLIED UP TO 4637 AS ON DATE.
NIFTY SPOT HAS GIVEN A RALLY OF 2098 POINTS. THIS IS THE BIGGEST & THE QUICKEST RALLY EVER.
INVESTORS WHO ARE LONG IN THE MARKET SHOULD BOOK PROFITS OR AT LEAST PARTIAL PROFITS HEREON AND SIT ON CASH.
4568 IS THE WEEKLY TREND DECIDER FOR THE COMING WEEK, THERE IS NO REASON TO WORRY TILL NIFTY FUTURES TRADES ABOVE THIS 4568 -4560 REGION.
ABOVE 4568 4560 NIFTY FUTURES WILL FACE RESISTANCE AT 4618 4653.60 4666.90
4653.60 4666.90 WILL ACT AS A MAJOR BARRIER FOR THE BULLS TO TAKE NIFTY FUTURES UPWARDS AND FURTHER UPTREND WOULD BE VISIBLE ABOVE 4653.60 4666.90 ONLY.
A CLOSE ABOVE 4653.60 4666.90 WILL TAKE NIFTY FUTURES TO 4715.
A SMALL HURDLE IS VISIBLE AT 4715 REGION AND ABOVE 4715 NIFTY FUTURES CAN RALLY FURTHER UP TO 4764.
"4764 IS THE MAXIMUM ZONE FOR NIFTY FUTURES AND ONE CAN EXPECT PROFIT BOOKING AT THIS REGION"
4568 IS THE TREND DECIDER FOR THE WEEK AHEAD.
BEARS WILL BE ACTIVE IF NIFTY FUTURES FAILS TO SUSTAIN ABOVE 4568.
A CRACK AT 4568 WILL TAKE NIFTY FUTURES TO 4545 4520.
WEEKLY 1st BOUNCE BACK REGION IS PLACED AT 4520.
FAILURE TO HIT BACK FROM 4520 WILL DRAG NIFTY FUTURES TO 4485 4447
4447 IS THE LAST WEEKS LOW & A SLIP BELOW 4447 CAN TAKE NIFTY FUTURES TO 4418 4387.
2nd WEEKLY BOUNCE BACK REGION IS PLACED AT 4387.
IF NIFTY FUTURES FAILS TO SUSTAIN ABOVE 4387 THEN IT CAN SLIDE DOWN TILL 4327.
HAVE A NICE TRADING SESSION FOR THE COMING WEEK.
GANPATI BAPPA MORYA
HARI OM
REGARDS,
NISHIKANT K. HADGE
HARI OM
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WEEKLY TREND ANALYSIS OF NIFTY FUTURES FROM 8th JUNE TO 12th JUNE 2009
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WEEKLY TREND ANALYSIS OF NIFTY FUTURES FROM 8th JUNE TO 12th JUNE 2009
IMPORTANT:- FROM THE LOW OF 2539 SPOT NIFTY HAS RALLIED UP TO 4637 AS ON DATE.
NIFTY SPOT HAS GIVEN A RALLY OF 2098 POINTS. THIS IS THE BIGGEST & THE QUICKEST RALLY EVER.
INVESTORS WHO ARE LONG IN THE MARKET SHOULD BOOK PROFITS OR AT LEAST PARTIAL PROFITS HEREON AND SIT ON CASH.
WEEKLY UPWARD VIEW OF NIFTY FUTURES
4568 IS THE WEEKLY TREND DECIDER FOR THE COMING WEEK, THERE IS NO REASON TO WORRY TILL NIFTY FUTURES TRADES ABOVE THIS 4568 -4560 REGION.
ABOVE 4568 4560 NIFTY FUTURES WILL FACE RESISTANCE AT 4618 4653.60 4666.90
4653.60 4666.90 WILL ACT AS A MAJOR BARRIER FOR THE BULLS TO TAKE NIFTY FUTURES UPWARDS AND FURTHER UPTREND WOULD BE VISIBLE ABOVE 4653.60 4666.90 ONLY.
A CLOSE ABOVE 4653.60 4666.90 WILL TAKE NIFTY FUTURES TO 4715.
A SMALL HURDLE IS VISIBLE AT 4715 REGION AND ABOVE 4715 NIFTY FUTURES CAN RALLY FURTHER UP TO 4764.
"4764 IS THE MAXIMUM ZONE FOR NIFTY FUTURES AND ONE CAN EXPECT PROFIT BOOKING AT THIS REGION"
WEEKLY DOWNWARD VIEW OF NIFTY FUTURES:-
4568 IS THE TREND DECIDER FOR THE WEEK AHEAD.
BEARS WILL BE ACTIVE IF NIFTY FUTURES FAILS TO SUSTAIN ABOVE 4568.
A CRACK AT 4568 WILL TAKE NIFTY FUTURES TO 4545 4520.
WEEKLY 1st BOUNCE BACK REGION IS PLACED AT 4520.
FAILURE TO HIT BACK FROM 4520 WILL DRAG NIFTY FUTURES TO 4485 4447
4447 IS THE LAST WEEKS LOW & A SLIP BELOW 4447 CAN TAKE NIFTY FUTURES TO 4418 4387.
2nd WEEKLY BOUNCE BACK REGION IS PLACED AT 4387.
IF NIFTY FUTURES FAILS TO SUSTAIN ABOVE 4387 THEN IT CAN SLIDE DOWN TILL 4327.
HAVE A NICE TRADING SESSION FOR THE COMING WEEK.
GANPATI BAPPA MORYA
HARI OM
REGARDS,
NISHIKANT K. HADGE
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