Wednesday, August 3, 2011

Nifty & Stock Levels – 4th Aug 2011

Nifty Future clearly written 5433 is very crucial below that we will see downfall up to 5393 zone. Just check Nifty Future crashed to 5393 from 5433 within few minutes. Once again Our Premium Newsletter Subscribers got pre-market e-mail to buy Nifty Future near 5390 for a rise up to 5440. What was your trade?? Is it magic?? No, it is the power of charts.

Nifty future’s projected high and low for next session is 5460 and 5370 (use this projection with other indicators). Nifty Future on the upward side initial resistance band is placed 5433-5460 zone where selling pressure may emerge. If Sustains above 5460, fresh buying will be seen up to 5502. Immediate major support now comes at 5393. If cannot sustain above 5460, then Nifty Future will slip to retest 5393. Convincing breach below 5393 will lead to a sharp fall and likely to test 5328.

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