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last activity : 07 06 2010 20:18:04 +0000
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NIFTY FUTURES ON A VOLATILE PATH ……….
NIFTY futures opened today on a flat note @ 4754 in line with the Asian markets. In the early session it attempted to move lower making an intraday low of 4735 in the process . Nifty futures found support at the 4735 area and rallied the whole day making an intraday high of 4818 and closing the day @ 4791. we are witnessing a very volatile sessions from the last few days , moving the markets both the direction very swiftly.
As in our yesterdays blog ,Nifty has to close above 4850, to negate the bearish sentiment and attract new buying. On the downside a break below 4650 will open room for new selling towards 4530 area.
Our view has now turned from bearish to neutral. Nothing much is happening technically as Nifty is stuck in a range of 4700 – 4800.It as finding good support near the lows of 4700 and finding resistance at 4800-4820 area , as we witnessed today. Any rallies in the market can be short into with appropriate stoplosses.
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www.aaksharstock.blogspot.com
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NIFTY IN AN NARROW, LACKLUSTRE TRADING BAND ………….. NIFTY Futures Opened the day @ 4903 almost flat near yesterdays close. The whole of todays session was spent in a narrow range of only 42 points. The intraday high was @ 4915, and the low was... |
NIFTY Futures opened today on a positive note getting its cues from US markets at 4908. It made an attempt towards 4950 mark, in the process made an intraday high of 4928, but sold off from those level.Nifty briefly broke below 4900 level, making... |
NIFTY FUTURES CLOSES ABOVE 4850........... NIFTY Futures opened today on a very flatish note @ 4808 up by only 10 points. It spent the early session in a narrow lacklusture trade with very thin volumes.It made an intraday low in the mid session @... |