NIFTY FUTURE (2nd APRIL 2012)

NIFTY FUTURE(APRIL)

EXPECTED HIGH 3:5521.10

EXPECTED HIGH 2:5333.95

EXPECTED HIGH 1:5392.90

HURDLE:5305.70

EXPECTED LOW 1:5264.60

EXPECTED LOW 2:5177.45

EXPECTED LOW 3:5136.40

TECHNICAL VIEW

TECHNICAL TREND: NEUTRAL

MAS:BUY+IS:SELL=SUMMARY:NEUTRAL

RSI(14) 49.469 Neutral

STOCH(9,6) 36.854 Sell

STOCHRSI(14) 36.525 Sell

MACD(12,26) -25.445 Sell

ADX(14) 19.624 Neutral

Williams %R -64.443 Sell

CCI(14) -11.1539 Neutral

ATR(14) 106.2321 Less Volatility

Highs/Lows(14) 0.0000 Neutral

Ultimate Oscillator 49.602 Neutral

ROC -2.820 Sell

Bull/Bear Power(13) 40.1520 Buy

BEST LEVELS

5295.70 BUY (DMA5)
5300.50 BUY (DMA10)
5331.00 SELL (DMA20)
5278.95 BUY (DMA50)
 5214.00 BUY (DMA100)
 5242.35 BUY (DMA200)
MOMENTUM TRADE

BUY NIFTY FUTURE(APRIL) ABOVE 5377 TGT 5403 AND 5430 SL BELOW 5344
SELL NIFTY FUTURE(APRIL) BELOW 5247 TGT 5222 AND 5196 SL ABOVE 5280

NIFTY ANALYST VIEW

on crossover above Friday’s 
NIFTY FUTURE will go up to 5385-5394-5410.

On crossover above this resistance zone 
NIFTY FUTURE will go up to 5440.

If NIFTY FUTURE is not crossing Friday’s high 
then 5294 will be first support.

On break below 5294 will take NIFTY FUTURE to 5262,

which is a strong support for NIFTY FUTURE.

If NIFTY FUTURE manages to break 5262 with huge volumes

and remains below it then there will be

a sharp fall which may fill the gap from 5239 to 5185.

YESTERDAY VIEW

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