JAY SWAMINARAYAN
We warned you from last 5 week that it is very hard for nifty to move above 5660 - 5750 and sustain above this levels. Other hand below 5570 Nifty will be lose strength and below 5480 Nifty will be lose momentum also and decline sharp below 5480.
[1] We said on 4 July 2011 when Nifty closed at 5627.20 " We expect now only above 5660 Nifty will be generate strength and only above 5750 Nifty will be generate momentum but it's look like difficult at this time. Other hand below 5570 Nifty will be lose strength and below 5480 Nifty will be lose momentum also and decline sharp below 5480.
[2] We said on 10 July 2011 when Nifty closed at 5660.65 " We expect same for this week. "
[3] We said on 17 July 2011 when Nifty closed at 5581.10 " We expect same for this week also "
[4] We said on 24 July 2011 when Nifty closed at 5633.95 " We expect same for this week also "
[5] WE said on 1 August 2011 when Nifty closed at 5482 " We expect now 5300 will be working as a strong support and 5660 working as a strong resistance for the Nifty. In this week Nifty might be traded range bound between 5390 - 5570. Nifty find 1st sup. at 5480 - 5390 & 2nd at 5300 - 5210 and find 1st res. at 5570 - 5660 & 2nd at 5710 - 5750. "
We said on 24 July 2011 " open your long position above 5660 with sl 5570 or open short below 5570 with sl 5660. (if one should want small sl then 5620 is best in both side trade but it is little bit risky) " Those who opened short on Nifty can book profit here.
We expect below 5300 Nifty will be traded with negative bias and once again Nifty try to test recent low but it will be find strong support between 5120 - 5030. Once nifty test this levels than it will be turn back towards 5210 - 5300 levels. Nifty find 1st Sup at 5210 - 5120 & 2nd Sup at 5030 -4940 and find 1st Res at 5300 - 5390 & 2nd Res at 5440 - 5480.
NIFTY :: OP = 5527.50 , HI = 5551.90 , LO = 5116.45 , CL = 5211.25.
We warned you from last 5 week that it is very hard for nifty to move above 5660 - 5750 and sustain above this levels. Other hand below 5570 Nifty will be lose strength and below 5480 Nifty will be lose momentum also and decline sharp below 5480.
[1] We said on 4 July 2011 when Nifty closed at 5627.20 " We expect now only above 5660 Nifty will be generate strength and only above 5750 Nifty will be generate momentum but it's look like difficult at this time. Other hand below 5570 Nifty will be lose strength and below 5480 Nifty will be lose momentum also and decline sharp below 5480.
[2] We said on 10 July 2011 when Nifty closed at 5660.65 " We expect same for this week. "
[3] We said on 17 July 2011 when Nifty closed at 5581.10 " We expect same for this week also "
[4] We said on 24 July 2011 when Nifty closed at 5633.95 " We expect same for this week also "
[5] WE said on 1 August 2011 when Nifty closed at 5482 " We expect now 5300 will be working as a strong support and 5660 working as a strong resistance for the Nifty. In this week Nifty might be traded range bound between 5390 - 5570. Nifty find 1st sup. at 5480 - 5390 & 2nd at 5300 - 5210 and find 1st res. at 5570 - 5660 & 2nd at 5710 - 5750. "
We said on 24 July 2011 " open your long position above 5660 with sl 5570 or open short below 5570 with sl 5660. (if one should want small sl then 5620 is best in both side trade but it is little bit risky) " Those who opened short on Nifty can book profit here.
We expect below 5300 Nifty will be traded with negative bias and once again Nifty try to test recent low but it will be find strong support between 5120 - 5030. Once nifty test this levels than it will be turn back towards 5210 - 5300 levels. Nifty find 1st Sup at 5210 - 5120 & 2nd Sup at 5030 -4940 and find 1st Res at 5300 - 5390 & 2nd Res at 5440 - 5480.
NIFTY :: OP = 5527.50 , HI = 5551.90 , LO = 5116.45 , CL = 5211.25.
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