NIFTY FUTURES INTRADAY TREND ANALYSIS FOR 15th JULY 2009

TODAY IS A VERY CRUCIAL DAY FOR NIFTY FUTURES.

IT IS A DO OR DIE SITUATION.

EITHER CLOSE ABOVE 4162 FOR FURTHER UPTREND.

OR BREACH 4047 ON A CLOSING BASIS FOR FURTHER DOWNFALL.

NIFTY FUTURES HAS CLOSED AT 4113.

UPWARD VIEW OF NIFTY FUTURES

""""4131 IS THE TREND DECIDER FOR TODAY'S INTRADAY SESSION""""

ABOVE 4131 IMMEDIATE HURDLE FOR NIFTY FUTURES IS PEGGED AT 4148.80

4148.80 WILL ACT AS A SMALL HURDLE AND NIFTY FUTURES CAN REVERSE FROM HERE

SUSTAINING ABOVE 4148.80 WILL TAKE NIFTY FUTURES TO ITS MAJOR HURDLE OR ITS MAJOR OBSTACLE AT 4162.

YES 4162 IS A VERY BIG HURDLE FOR THE NIFTY FUTURES.

"""""TODAY AND FOR THE REST OF THE WEEK IF NIFTY FUTURES HAS TO MAKE ANY FURTHER UP MOVE THEN IT HAS TO STRONGLY SUSTAIN OR CLOSE ABOVE THIS REGION OF 4162 WITH HUGE GREEN (BUY) VOLUMES""""""

FAILURE TO SUSTAIN ABOVE 4162 WILL LET THE BEARS COME BACK IN ACTION.

"""""IF NIFTY FUTURES MAKES A FIRM GROUND ABOVE 4162 THEN A FURTHER RALLY UP TO 4178 – 4207 IS EXPECTED ON CARDS"""""

4207 IS THE MAXIMUM FOR TODAY'S INTRADAY SESSION.

DOWNWARD VIEW OF NIFTY FUTURES

SINCE 4131 IS THE TREND DECIDER FOR TODAY’S INTRADAY SESSION. NIFTY FUTURES SHOULD VERY WELL TRADE ABOVE IT.

FAILURE TO TRADE ABOVE THE 4131 MARK WILL TAKE NIFTY FUTURES TO 4090.

4090 IS THE 1st CRUCIAL SUPPORT FOR NIFTY FUTURES.

A CRACK AT 4090 WILL TAKE NIFTY FUTURES TO 4077 – 4060 REGION.

4060 IS THE 1st BOUNCE BACK REGION.

EVERY TIME THE BOUNCE BACK REGION IS A CRUCIAL LEVEL FOR INTRADAY SESSION AND NIFTY FUTURES HAS TO BOUNCE BACK FROM THE BOUNCE BACK REGION.

FOR TODAY'S INTRADAY SESSION EVEN IF THE BOUNCE BACK REGION IS BREACHED, THE 4047 ZONE SHOULD NOT BE BREACHED AT ANY COST.

IF 4047 IS BREACHED THEN THE BEARS WILL HAVE AN UPPER HAND.

THEREFORE EVEN IF NIFTY FUTURES BREAKS 4047 IT SHOULD MANAGE TO ONCE AGAIN TRADE ABOVE THE 4047 REGION.

BELOW 4047 IMMEDIATE SUPPORT IS PEGGED AT YESTERDAY'S DAY LOW OF 4018.

NIFTY FUTURES SHOULD IN NO SITUATION CLOSE BELOW 4047.

A BREACH OF YESTERDAY'S DAY LOW OF 4018 WILL DRAG NIFTY FUTURES TO 4000 & 3982.

3982 IS 2nd & THE LAST BOUNCE BACK ZONE FOR TODAY’S INTRADAY SESSION.