NIFTY FUTURES INTRADAY TREND ANALYSIS FOR 28th JULY 2009

NIFTY FUTURES HAS CLOSED AT 4576.80

UPWARD VIEW OF NIFTY FUTURES

""""NIFTY FUTURES ON FRIDAY HAD CLOSED AT 4575 & YESTERDAY IT HAS CLOSED AT 4576.80, THEREFORE THE TWO DAYS CLOSING PRICE AT 4576 WILL PLAY A SIGNIFICANT ROLE FOR TODAYS INTRADAY SESSION""""

THEREFORE THE TREND DECIDER FOR TODAY IS PLACED AT 4575. TODAY BULLS WILL REMAIN ACTIVE TILL THEY MANAGE TO HOLD NIFTY FUTURES ABOVE 4575 REGION.

ABOVE 4575 THE IMMEDIATE HURDLE IS PLACED AT 4599.

IF NIFTY FUTURES TRADES ABOVE 4599 THEN A RALLY UP TO 4620 IS EXPECTED.

"""""""4620 IS THE “TREND REVERSAL” ZONE & NIFTY FUTURES IS LIKELY TO REVERSE FROM THIS ZONE OF 4620. FOR FURTHER INTRADAY UPTREND SUSTAINING ABOVE 4620 IS A MUST"""""""

CAPABLE TO HOLD ABOVE 4620 WITH STRONG BUY VOLUMES CAN TAKE NIFTY FUTURES TO 4641 – 4663

4663 IS THE MAXIMUM FOR TODAYS INTRADAY SESSION.

DOWNWARD VIEW OF NIFTY FUTURES

THE TREND DECIDER FOR TODAY IS PLACED AT 4575 THEREFORE NIFTY FUTURES HAS TO TRADE ABOVE IT.

1st SIGN OF WEAKNESS WILL BE THE INABILITY TO TRADE ABOVE 4575 MARK.

IF TRADES BELOW 4575 THEN NIFTY FUTURES CAN SLIDE DOWN TO 4566 – 4555 REGION.

4555 HOLDS CRUCIAL FOR NIFTY FUTURES AND NIFTY FUTURES WILL BECOME MORE WEAKER IF 4555 IS CRACKED.

FAILURE TO TRADE ABOVE 4555 WILL DRAG NIFTY FUTURES TO 4525 THAT WAS YESTERDAYS DAY LOW. THE 4525 REGION BEING YESTERDAYS DAY LOW HOLDS SIGNIFICANCE FOR TODAYS INTRADAY SESSION & THEREFORE IT SHOULD NOT BE BREACHED.

CRACK AT 4525 WILL TAKE NIFTY FUTURES TO 4498.

4498 IS THE BOUNCE BACK REGION FOR TODAYS INTRADAY SESSION.

UNABLE TO HIT BACK HARD FROM THE BOUNCE BACK REGION OF 4498 WILL TAKE NIFTY FUTURES TO THE LOWER REGION OF 4472.