NIFTY FUTURE (9th APRIL 2012)

NIFTY FUTURE(APRIL)

EXPECTED HIGH 3:5359.75

EXPECTED HIGH 2:5351.90

EXPECTED HIGH 1:5338.75

HURDLE:5331.00

EXPECTED LOW 1:5317.75

EXPECTED LOW 2:5309.90

EXPECTED LOW 3:5296.75

TECHNICAL VIEW

TECHNICAL TREND: BEARISH

MAS:SELL+IS:SELL=SUMMARY:SELL

RSI(14) 46.622 Neutral

STOCH(9,6) 67.327 Buy

STOCHRSI(14) 32.053 Sell

MACD(12,26) -13.192 Sell

ADX(14) 17.759 Neutral

Williams %R -56.464 Sell

CCI(14) -49.3737 Neutral

ATR(14) 89.2857 Less Volatility

Highs/Lows(14) 0.0000 Neutral

Ultimate Oscillator 53.047 Buy

ROC -0.113 Sell

Bull/Bear Power(13) -81.1360 Sell

BEST LEVELS

5307.85 sell (DMA5)
5318.30 sell (DMA10)
5334.00 sell (DMA20)
5285.30 sell (DMA50)
 5225.00 BUY (DMA100)
 5246.45 BUY (DMA200)
MOMENTUM TRADE

BUY NIFTY FUTURE(APRIL) ABOVE 5376 TGT 5402 AND 5430 SL BELOW 5343
SELL NIFTY FUTURE(APRIL) BELOW 5318 TGT 5292 AND 5265 SL ABOVE 5318

NIFTY ANALYST VIEW

Today on remaining below 5345,

Nifty Future will go up 5318,

which is a strong support.

On break below 5318,

5268 is a last hope for bulls.

On break below 5268 with huge volumes

and remaining below it for 15-20 mins

will take Nifty Future to 5239.

If bulls are so strong then they

will try to protect 5318 level first.

If they are not able to protect 5318 level

in the opening then they will give

their best to protect 5268 level.  

Bears will try to give close below 5318

and in their strong position they will try to

give close below 5268.

On upper side 5345-5361 
are last hurdles for Nifty Future.

Since last five trading sessions,

volume of Nifty Future and total market turnover is declining. 

YESTERDAY VIEW

MARKETUPDATER