NIFTY FUTURES INTRADAY TREND ANALYSIS FOR 22nd JULY 2009

NIFTY FUTURES HAS CLOSED AT 4473

UPWARD VIEW OF NIFTY FUTURES

4475 IS THE TREND DECIDER FOR TODAYS INTRADAY’S SESSION.

BULLS WILL REMAIN ACTIVE ABOVE 4475 ONLY.

FOR YESTERDAY'S INTRADAY TRADING SESSION THE 4500 REGION WAS THE TREND DECIDER.

THE SAME 4500 REGION WILL ACT AS THE 1st RESISTANCE ABOVE 4475

ABOVE 4500 THE 4516 REGION WILL ACT AS A POINT OF TREND REVERSAL

NIFTY IS LIKELY TO REVERSE FROM 4516.

SUSTAINING ABOVE 4516 WILL TAKE NIFTY FUTURES TO 4533 & 4551

4551 IS THE MAXIMUM FOR TODAYS INTRADAY SESSION.

DOWNWARD VIEW OF NIFTY FUTURES

SINCE 4475 IS THE TREND DECIDER FOR TODAY NIFTY FUTURES SHOULD NOT TRADE BELOW IT.

FAILURE TO TRADE ABOVE 4475 WILL TAKE NIFTY FUTURES TO 4464.

4464 IS THE LAST HOPE FOR THE BULLS. NIFTY FUTURES SHOULD NOT TRADE BELOW 4464 OR IT MAY TEST YESTERDAY'S DAY LOW.

CRACK AT 4464 WILL TAKE NIFTY FUTURES TO 4451 – 4427.

BELOW 4427 THE REGION OF 4416 IS THE 1st BOUNCE BACK REGION FOR TODAYS INTRADAY SESSION.

FAILURE TO HIT BACK FROM 4416 WILL DRAG NIFTY FUTURES TO 4394.