NIFTY FUTURES INTRADAY TREND ANALYSIS FOR 14th JULY 2009

UPWARD VIEW OF NIFTY FUTURES

NIFTY FUTURES HAS MANAGED TO CLOSE ABOVE THE FRIDAY DAY LOW OF 3962.50
FOR TODAY 3978 HAPPENS TO BE THE TREND DECIDER FOR NIFTY FUTURES.
NIFTY FUTURES WILL HAVE TO SUSTAIN ABOVE 3978 & THEN ONLY IT CAN MOVE UP FURTHER.
SUSTAINING ABOVE 3978 WILL TAKE NIFTY FUTURES TO 3999 WHICH WILL ACT AS AN IMMEDIATE TREND REVERSAL FOR NIFTY FUTURES.
NIFTY FUTURES WILL HIT 3999 OR MAKE A MOVE PAST 3999 BUT UP TREND WILL BE SEEN ONLY IF MANAGES TO HOLD IT SELF ABOVE 3999.
IF NIFTY FUTURES MANAGES TO HOLD ITSELF ABOVE 3999, THEN AND ONLY THEN IT CAN MAKE A FURTHER RALLY UP TO 4021 – 4042.

DOWNWARD VIEW OF NIFTY FUTURES

SINCE NIFTY FUTURES HAS CLOSED ABOVE THE FRIDAY DAY LOW OF 3962.50 THE SAME REGION OF 3962.50 SHOULD NOT BE BREACHED,
3962.50 – 3958 REGION HOLDS MAJOR SIGNIFICANCE FOR THE BULLS.
BULLS WILL REMAIN ACTIVE ONLY IF NIFTY FUTURES MANAGES TO HOLD IT SELF ABOVE THE 3962.50 - 3958 MARK.
A CRACK AT 3962.5 – 3958 AND NIFTY FUTURES WILL SLIDE DOWN TO 3947 – 3935 REGION.
1st BOUNCE BACK REGION IS PLACED AT 3935 REGION.
FAILURE TO HIT BACK FROM 3935 & NIFTY FUTURES TO FURTHER SLIDE DOWN TO THE DAY LOW OF 3905.
IF TODAY'S DAY LOW OF 3905 IS BROKEN THEN A FURTHER FALL UP TO 3893 – 3879 NOT RULED OUT.
3879 COINCIDES WITH THE 200 M.A OF 3877 THAT IS PLACED ON THE WEEKLY CHART OF SPOT NIFTY.

THEREFORE THE SAME REGION OF 3879 – 3877 ALSO HOLDS CRUCIAL FOR NIFTY FUTURES.

THE 2nd & THE LAST BOUNCE BACK REGION IS ALSO PLACED AT THE 3879 – 3877 REGION.
FAILURE TO HIT BACK HARD FROM 3879 – 3877 WILL DRAG NIFTY FUTURES TO THE NEW LOW AT 3853.