Morning Mantra -- Nifty Future

ADX is an oscillator which indicates the strength of the market. To some extent, it serves the purpose of volatility indicator. We would like to stress on a point that ADX does NOT tell us the direction of the market, whether bull or bear. It only indicates the strength of the market. As we said before, many traders have a wrong view on ADX. Let us clear that initially before going deep into the study.

Good Morning and Happy Trading.

The day before yesterday at last hour our Clients bought 5300 CE @13. Yesterday book partial profits @28, (Capital become 2.15 times).

Day’s 1^st hurdle is 5275 to 5281.

If Nifty Future able to cross this level with volume then next minor hurdle will be 5291 to 5293.

Closing above 5293 Nifty Future will zoom upto 5318—5333 // 5361 ---5404 with in few hours.

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

Today’s 1^st support is 5241—5235--5232.

Look very carefully at 5219/5220. Below this level at 5212.

Today 5258 will act a vital role…..

“End of next week we can see an unexpected level in Nifty Future”

 More reversal points for our subscribers only.

06:44 AM 07.20.2012