Morning Mantra

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.

Yesterday:

                 At updates on Nifty Future written above 5267 Nifty Future will get upside momentum, it touch 5267 and melt down upto 5241 again.                    

Today above (if Nifty Future not break 5228) 5268 we may witness a fresh up move, in that case 1^st hurdle will be 5279/82 to 5291/94.NF may chase 5436 / 39 –5476/79 -- 5630 levels very soon.

Today’s 1^st support is 5236. If Nifty Future break this level then melting will continue to 5209…..

D’t panic at lower level (until NF is above 5228).

A sharp mild up trend is waiting (above 5369).

More reversal points for our subscribers only.

Kolkata, 06:44 AM 07.13.2012