NIFTY FUTURE (28-03-2012)

NIFTY FUTURE(APRIL)

EXPECTED HIGH 3:5458.60

EXPECTED HIGH 2:5397.55

EXPECTED HIGH 1:5353.40

HURDLE:5292.30

EXPECTED LOW 1:5248.10

EXPECTED LOW 2:5187.05

EXPECTED LOW 3:5142.90

TECHNICAL VIEW

TECHNICAL TREND: BEARISH

MAS:NEUTRAL+IS:HEAVY SELL=SUMMARY:SELL

RSI(14) 47.072 Neutral

STOCH(9,6) 22.967 Sell

STOCHRSI(14) 21.999 Oversold

MACD(12,26) -20.279 Sell

ADX(14) 18.074 Neutral

Williams %R -80.520 Oversold

CCI(14) -63.5839 Sell

ATR(14) 103.1071 Less Volatility

Highs/Lows(14) -14.7500 Sell

Ultimate Oscillator 43.719 Sell

ROC -0.475 Sell

Bull/Bear Power(13) -56.0360 Sell

BEST LEVELS (APRIL)

5286.70 SELL (DMA5)
5300.80 SELL (DMA10)
5339.80 SELL (DMA20)
5282.45 BUY (DMA50)
 5210.60 BUY (DMA100)
 5241.00 BUY (DMA200)
MOMENTUM TRADE (MARCH)

BUY NIFTY FUTURE(MAR) ABOVE 5322 TGT 5348 AND 5375 SL BELOW 5289
SELL NIFTY FUTURE(MAR) BELOW 5193 TGT 5168 AND 5141 SL ABOVE 5225

MOMENTUM TRADE (APRIL)

BUY NIFTY FUTURE(APRIL) ABOVE 5366 TGT 5392 AND 5420 SL BELOW 5333
SELL NIFTY FUTURE(APRIL) BELOW 5238 TGT 5213 AND 5186 SL ABOVE 5271

NIFTY ANALYST VIEW (MARCH)

on remaining above 5247

NIFTY FUTURE will attempt for 5278-5295.

5278-5295 is a strong resistance zone

so bears will give their best to protect these levels.

On crossover above this and sustaining above

it will take NIFTY FUTURE to 5353-5369.

Keep watching 5329 during this.

On lower side,

on remaining below 5247

NIFTY FUTURE will go up to 5210.

Break below 5210 will increase chances of breaking 5181 too.

If NIFTY FUTURE is breaking 5181 with huge volumes

and remains below it then

we may see 5114 level too.

Keep watching 5153 during this

Alert
FIIs have sold NIFTY FUTURE worth 3400 crores 
in last 7 trading sessions 
so will they allow NIFTY FUTURE 
to go up when expiry is on tomorrow???

YESTERDAY VIEW