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Monday, December 26, 2011

NIFTY FUTURE INTRADAY TIPS


Closed at 4723.
Comment : Future premium down from 15 points to 7. Some hesitation near 38.2% retracement level. Reverse if fails to reach/sustain above 4750
Action : Buy in the range of 4696-4691
Targets : 4725 / 4750 / higher 
Stop-loss : 4689
As long as holds 4700, positive bias to continue.
Downside major support at 4678 to watch out.
Higher level: Above 4765 it will show more power.

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