26/07/2012
Nifty
Nifty closed on a slightly bear note at 5109. so today the first resistance for nifty is at 5129 level. Next resistance are at 5148,and 5174 levels.Below On downside first support is at 5084 level. Next supports are at 5058 and 5039 level.
Oscillator Analysis -The oscillator is showing oversold sell signal if NIFTY hold their trading above 5129 then it will move forward to test 5148 and 5174,Short Term Trend is SIDEWISE .Today below 5084 be alert and below 5058 stay away from longs and LEVEL 5161 havin STRONG resistance.
on upside covering hope remains only above 5161 level.
25 July 2012: PCR_OI:1.06 PCR:0.907
25 July 2012 Premium: 2.95 Futures OI:12337600.0
25 July 2012 Premium: 2.95 Futures OI:12337600.0
intraday strong resistance 10314. if it cross and hold then it may test 10360 and 10404 and while target support 10223 ,10179 and 10132.
"trade with levels" BANKNIFTY
The INDIA VIX is up 3.29% at 11.84. BSE Sensex is trading at 32,161 down 80 points, while NSE Nifty is trading at 10,057 down 29 points.capitalstars
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