Ultimate Analysis on NIFTY Future (26th May, 2011)

.

NIFTY Performed on Wednesday:

Market has recovered early gains after the fall in early part of series and has been consolidating in the range of 5380-5500 for the past couple of treading session. Today pre-opening session has started positive for the market and sensex is trading at 18435, up 424 points and Nifty is at 5422, up 27 points.

.

Positional Trend with Levels

.

(Updated on 24-5-2011)

Buying Zone 5370-5490

.

(This zone is trend changer which can lead to nifty up direction for positional, mean this support is able to move NIFTY 5578 above for shortly)

.

After the crossing 5600…NIFTY will enter into the bullish zone for targets 5755-5811 in 1-3 months only)

.

Just, Concentrate on Closing or Breaking…!

.

Breaking of this support is not dangerous for long term investor because support available for to move up for Niftyy to move up… which is between 5240-5278!

.

Yes, Short term trade can take short position after breaking 5370 for targets 5300-5278…?

Technical Data-Sheet on NIFTY:

Last (24-05-2011) Closes@5394 (+8 points)

Last high@5422 low@5367
Weekly high@5541 low@5367

5DMA@5423
20DMA@5546
50DMA@5638
200DMA@5755

5-DAY RSI 33 AND 14-DAY RSI 37

.

Prediction of MoneyMunch.com Intraday

.

. 

What for Today

.

.

(Disclosure: Yes My Subscribers and Yahoo group Members, Yesterday NIFTY future bought 5340-5349 and waiting for targets 5397-5428 with Stop loss 5330)

.

Nifty will be Green in 48hrs…!

.

Just, watch support 5311-5340

.

Short Term Targets of NIFTY Future 5445-5467 and 5531-5579

.

(Keep Patience; if you don’t it…then don’t trade)

.

More Detail for Subscribers only…!

.

.