Monday, July 20, 2009

NIFTY FUTURES INTRADAY TREND ANALYSIS FOR 20th JULY 2009

NIFTY FUTURES HAS CLOSED AT 4381.50

UPWARD VIEW OF NIFTY FUTURES

"""""4367 IS THE TREND DECIDER FOR TODAYS INTRADAY SESSION"""""

TILL 4367 REMAINS INTACT BULLS WILL REMAIN ACTIVE.

ABOVE 4367 IMMEDIATE RESISTANCE FOR NIFTY FUTURES IS PEGGED AT 4399 – 4416.

4416 IS THE 1st TREND REVERSAL FOR TODAYS INTRADAY SESSION.

IF NIFTY FUTURES SUSTAINS ABOVE 4416 THEN IT CAN RALLY UP TO 4452 – 4457 REGION.

AS MENTIONED IN THE “WEEKLY TREND REPORT” UNLESS AND UNTILL NIFTY FUTURES DOES NOT CLOSE AND SUSTAIN ABOVE 4457 IT WILL NOT MOVE UPWARDS.

"""""THEREFORE THE SAME 4452 – 4457 REGION WILL ACT AS A MAJOR HURDLE FOR TODAYS INTRADAY SESSION"""""

ABLE TO HOLD ITSELF FIRM ABOVE 4452 – 4457 ZONE CAN TAKE NIFTY FUTURES UP TO THE 4488 MARK.

4488 IS THE MAXIMUM FOR TODAY’S INTRADAY SESSION.

DOWNWARD VIEW OF NIFTY FUTURES

4367 REGION IS THE TREND DECIDER & NIFTY FUTURES SHOULD BE ABLE TO HOLD ABOVE IT. UNABLE TO HOLD ITSELF ABOVE 4367 WILL TAKE NIFTY FUTURES TO 4344.

NIFTY FUTURES SHOULD NOT CRACK THE 4344 REGION. BULLS WILL BECOME WEAK IF 4344 IS CRACKED.

IF 4344 IS CRACKED THEN NIFTY FUTURES WILL SLIDE DOWN TO 4328 – 4310

4310 IS THE 1st BOUNCE BACK REGION FOR TODAYS INTRADAY SESSION & NIFTY FUTURES SHOULD BOUNCE BACK HARD FROM 4310.

BREAK OF 4310 WILL TAKE NIFTY FUTURES TO 4284 – 4256 REGION.

"""""4256 IS THE FRIDAYS DAY LOW OF NIFTY FUTURES & THE SAME COINCIDES WITH THE 50 DMA"""""

A CRACK AT 4256 AND FAILURE TO RISE ABOVE 4256 WILL DRAG NIFTY FUTURES TO LOWER REGION AT 4234 – 4211.

4211 IS THE 2nd & A TOUGH BOUNCE BACK REGION FOR TODAYS INTRADAY SESSION.

CRACK AT 4211 & INABILITY TO HOLD ABOVE 4211 WILL DRAG NIFTY FUTURES TO 4190 & 4167

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