NIFTY FUTURE (29 MAY 2012)

NIFTY FUTURE(MAY)

EXPECTED HIGH 3:5104.75

EXPECTED HIGH 2:5046.25

EXPECTED HIGH 1:5024.25

HURDLE:4965.75

EXPECTED LOW 1:4943.75

EXPECTED LOW 2:4885.25

EXPECTED LOW 3:4863.25

TECHNICAL VIEW

TECHNICAL TREND: BULLISH

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

RSI(14) 48.261 Neutral

STOCH(9,6) 64.757 Buy

STOCHRSI(14) 100.000 Overbought

MACD(12,26) -64.124 Sell

ADX(14) 44.757 Buy

Williams %R -15.228 Overbought

CCI(14) 148.5375 Buy

ATR(14) 90.9464 Less Volatility

Highs/Lows(14) 53.7143 Buy

Ultimate Oscillator 56.873 Buy

ROC 0.311 Buy

Bull/Bear Power(13) 78.4440 Buy

BEST LEVELS

4946.95 BUY (DMA5)
4934.90 BUY (DMA10)
4977.70 BUY (DMA20)
5098.55 SELL (DMA50)
 5141.40 SELL (DMA100)
 5194.40 SELL (DMA200)
INTRADAY MOMENTUM TRADE

ABOVE 4947 NO PROBLEM FOR BULLS
SELL NIFTY FUTURE(MAY) BELOW 4947 TGT 4921 AND 4901 SL ABOVE 4980

WEEKLY ANALYST VIEW
BUY NIFTY FUTURE(MAY) ABOVE 4987 TGT 5038 AND 5195 SL BELOW 4891
SELL NIFTY FUTURE(MAY) BELOW 4872 TGT 4829 AND 4773 SL ABOVE 4926

YESTERDAY VIEW