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 1st 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