24/07/2012
Nifty
Nifty closed with strong bear note at 5118. So today the first resistance for nifty is at 5152 level. Next resistance are at 5186,and 5208 levels.On downside, first support is at 5096 level. Next supports are at 5074 and 5040 level.
So today below 5089 trend is weak, it is 50 day simple moving avaerage and 50% retracement below 5059 selling will intensify and on upside covering hopes is only above 5176 level. .
Oscillator Analysis The oscillator is showing SELL for short Term and NIFTY
in oversold region.
23 July 2012: PCR_OI:1.05 PCR:0.85
in oversold region.
23 July 2012: PCR_OI:1.05 PCR:0.85
23 July 2012 Premium: 2.45 Futures OI:22008700.0
BankNifty
BankNifty
Banknifty Oscillator Analysis is now trading at downside and now showing weekness for downward for short term .
intraday strong resistance 10366. if it cross and hold then it may test 10458 and while target support 10218 ,10162 and 10070 .
intraday strong resistance 10366. if it cross and hold then it may test 10458 and while target support 10218 ,10162 and 10070 .
#Trade with levels#
happy trading day...............:)
The Reserve Bank said it would sell government bonds worth Rs 100 billion through Open Market Operations (OMO) on Thursday.capitalstars
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