Sunday, May 4, 2008

nifty future (5may -to 11may)

rakesh chandra report on nifty future..for comiing days..
intermdeate term -consolidation & long term -bullish...
we have to be cautious at 5250 area. this was our last month targt and achives succesfullt
before any upmove..i want nifty dip(smaal decline..)..wekly lower level is good area to renteonly..till..then..rangeboond

WEEKLY PIVOT , SUPPORT AND RESISTANCE POINTS
---------------------
WEEKLY UT3 : --5,419
WEEKLY UT2 : --5,376
/5,350
WEEKLY UT1 : --5,308

++++(5,265.13) PRICE IS BULLISH ABOVE WEEKLY PIVOT POINT--------

++++(5,255.93) intraday bulish level--------

----(5,248.07) intraday bearish level--------
----(5,238.87) PRICE IS BEARISH BELOW WEEKLY PIVOT POINT--------

WEEKLY LT1 : ---5,196
WEEKLY LT2 : ---5,128
/5,154
WEEKLY LT3 : ---5,085