NIFTY FUTURE (31 MAY 2012)

NIFTY FUTURE(MAY)

EXPECTED HIGH 3:4983.65

EXPECTED HIGH 2:4969.95

EXPECTED HIGH 1:4945.40

HURDLE:4931.70

EXPECTED LOW 1:4907.15

EXPECTED LOW 2:4893.45

EXPECTED LOW 3:4868.90

TECHNICAL VIEW

TECHNICAL TREND: BEARISH

MAS:HEVY SELL+IS:SELL=SUMMARY:HEVY SELL

RSI(14) 39.741 Sell

STOCH(9,6) 67.865 Buy

STOCHRSI(14) 60.469 Buy

MACD(12,26) -62.868 Sell

ADX(14) 44.698 Sell

Williams %R -53.085 Neutral

CCI(14) -30.1244 Neutral

ATR(14) 88.6071 Less Volatility

Highs/Lows(14) 0.0000 Neutral

Ultimate Oscillator 55.477 Buy

ROC -0.865 Sell

Bull/Bear Power(13) -104.9740 Sell

BEST LEVELS

4910.35 SELL (DMA5)
4917.00 sell (DMA10)
4962.35 SELL (DMA20)
5085.00 SELL (DMA50)
 5132.00 SELL (DMA100)
 5188.85 SELL (DMA200)
INTRADAY MOMENTUM TRADE

BUY NIFTY FUTURE(MAY) ABOVE 4947 TGT 4978 AND 5016 SL BELOW 4930
SELL NIFTY FUTURE(MAY) BELOW 4922 TGT 4867 AND 4833 SL ABOVE 4944

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