NIFTY FUTURE (12th APRIL 2012)

NIFTY FUTURE(APRIL)

EXPECTED HIGH 3:5391.75

EXPECTED HIGH 2:5339.90

EXPECTED HIGH 1:5303.25

HURDLE:5251.40

EXPECTED LOW 1:5214.75

EXPECTED LOW 2:5162.90

EXPECTED LOW 3:5126.25

TECHNICAL VIEW

TECHNICAL TREND: BEARISH

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

RSI(14) 44.781 Sell

STOCH(9,6) 39.511 Sell

STOCHRSI(14) 7.711 Oversold

MACD(12,26) -27.542 Sell

ADX(14) 30.682 Sell

Williams %R -70.444 Sell

CCI(14) -70.8832 Sell

ATR(14) 72.5357 Less Volatility

Highs/Lows(14) -7.6071 Sell

Ultimate Oscillator 43.759 Sell

ROC -0.803 Sell

Bull/Bear Power(13) -89.3480 Sell

BEST LEVELS

5270.85 SELL (DMA5)
5282.55 SELL (DMA10)
5309.00 SELL (DMA20)
5278.00 SELL (DMA50)
 5225.40 buy (DMA100)
 5245.90 buy (DMA200)
MOMENTUM TRADE

BUY NIFTY FUTURE(APRIL) ABOVE 5316 TGT 5342 AND 5369 SL BELOW 5283
SELL NIFTY FUTURE(APRIL) BELOW 5205 TGT 5180 AND 5153 SL ABOVE 5237

NIFTY ANALYST VIEW

SELL AROUND 5314

TARGET 5264-5207

ONCE CROSS ABOVE 5316

THEN EXIT SHORTS AND GO LONG

WITH STOP LOSS BELOW 5283

FOR THE TGT OF 5342 AND 5369

BUY AROUND 5207

TARGET 5257-5314

ONCE BREAKE BELOW 5205

THEN EXIT LONGS AND GO SHORT

WITH STOPLOSS ABOVE 5237

FOR THE TGT OF 5180 AND 5153

YESTERDAY VIEW