Morning Mantra-- Nifty Future

It is said that longer the analyzing period, longer the moving average to be taken. For instance, for a long term period, a moving average of 100 may suit though there is no well proved strategy for picking the averages. The reason is that the longer moving average is not affected by the short term movements, giving more clarity towards the long term.

Good Morning and Happy Trading.

Today’s opening is very vital for coming sessions.

Inflation data which is scheduled for Monday release will be key trigger for Market this week. If inflation comes down then rate cut hopes will revive.

Inflation data, Presidential election, Vice President Supports, major results announcements due to all of this reasons Market will be very choppy.

                                  

Today above (if Nifty Future not break 5228) 5268 1^st hurdle will be 5285.

If Nifty Future able to breach this level with volume then next hurdles will be 5305—5315—5324.

NF may chase 5436 / 39 –5476/79 – 5580 --- 5630 levels very soon. 

At opening or within 45 minutes of opening if Nifty Future break 5228 then the next support levels will be 5217—5206.

If break 5206 and start to trade below this level with volume then real    

will Start

More reversal points for our subscribers only.

06:42 AM 07.16.2012