Morning Mantra --- Nifty Future

We quantitatively analyze the consumption smoothing strategies of maize farmers’ response to income shocks in Kebumen, Central Java-Indonesia. The Ordinary Least Square (OLS) method confirms that selling cattle plays a central role in protecting consumption especially from income shocks such as price falls and crop loss. Farmers that experienced income shocks related to demographic shocks such as sickness and death and experienced expenditure shocks related to custom such as birth, mar- riage and religious event require large effort by combining strategies to smooth their consumption.

                                                                                                   Tegu Dartanto, Nurkholis.

Good Morning and Happy Trading.

Day’s 1^st hurdle is 5235.

If Nifty Future able to cross above 5256 before 1^st half of trade then fresh buying may take Nifty Future towards 5282—5301—5312.

Closing above 5282 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 below 5204 day’s 1^st support will be 5198. Look very carefully at this level.

If NF starts to trade below 5191 with volume then 5172 will act as last hope for Bulls.

Above 5172 d’t go for fresh sort……….

If break and close below 5172 then panic may take a rest at the zone of 5150 < 5103………………….

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

More reversal points for our subscribers only.

06:09 AM 07.23.2012