NIFTY FUTURE (11th APRIL 2012)

NIFTY FUTURE(APRIL)

EXPECTED HIGH 3:5340.25

EXPECTED HIGH 2:5307.90

EXPECTED HIGH 1:5285.25

HURDLE:5252.90

EXPECTED LOW 1:5230.25

EXPECTED LOW 2:5197.90

EXPECTED LOW 3:5175.25

TECHNICAL VIEW

TECHNICAL TREND: BEARISH

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

RSI(14) 43.152 Sell

STOCH(9,6) 43.808 Sell

STOCHRSI(14) 0.000 Oversold

MACD(12,26) -27.176 Sell

ADX(14) 27.171 Sell

Williams %R -82.111 Oversold

CCI(14) -128.1010 Sell

ATR(14) 75.3393 Less Volatility

Highs/Lows(14) -33.6964 Sell

Ultimate Oscillator 39.456 Sell

ROC -0.267 Sell

Bull/Bear Power(13) -163.7360 Sell

BEST LEVELS

5267.55 SELL (DMA5)
5284.80 SELL (DMA10)
5312.30 SELL (DMA20)
5278.80 SELL (DMA50)
 5224.35 sell (DMA100)
 5245.60 sell (DMA200)
MOMENTUM TRADE

BUY NIFTY FUTURE(APRIL) ABOVE 5297 TGT 5322 AND 5350 SL BELOW 5264
SELL NIFTY FUTURE(APRIL) BELOW 5223 TGT 5198 AND 5171 SL ABOVE 5256

NIFTY ANALYST VIEW

SELL AROUND 5295

TARGET 5245-5225

ONCE CROSS ABOVE 5297

THEN EXIT SHORTS AND GO LONG

WITH STOP LOSS BELOW 5264

FOR THE TGT OF 5322 AND 5350

BUY AROUND 5225

TARGET 5275-5295

ONCE BREAKE BELOW 5223

THEN EXIT LONGS AND GO SHORT

WITH STOPLOSS ABOVE 5256

FOR THE TGT OF 5198 AND 5171

YESTERDAY VIEW