Monday, 26 May 2014

Technical Outlook Of Indian Market (NIFTY FUT):3-5 days

For Medium Term (3-5 months), target of NF should be near 8150 zone & by FY-15, NF may scale up to 10500 zone; short term strong support is near 7100 zone & below that long term positional support will be near 6350 zone (Neckline of Inverse H&S).

Trading Levels for next 3-5 days:





Gap Up/Dw (Indicative)


SGX NIFTY 7423 32



        NF-MAY LTP 7391
             
             
  SL >/< 5 POINTS FROM SLR        
             
  Intraday Swing  Trader        
      T1 T2 T3 SLR
Strong > 7415   7450-7490* 7505-7538 7563-7620 <7395
             
Weak < 7395   7369-7347* 7322-7294 7275-7250 >7415







FOR  Conservative Positional Trader









      T1 T2 T3 SLR
Strong > 7415   7490* 7538 7620 <7395
             
Weak < 7395   7347* 7294 7250 >7415
 



           

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