NIFTY FUTURES UPDATES (DEC 09)

Yesterday, as perfectly predicted Nifty futures, after having traded below 8573 for 30 minutes kissed our target of 8524 
and went even beyond that within few minutes. 
Yesterday low registered was 8483

WHAT ELSE U WANT FRIENDS?

In normal opening, today if trades above

8501 for 30 minutes, watch a hike upto 8530-35

It should sustain 30 more minutes above 8536 
to gain strength and reach 8565 – 75 

Otherwise, if opened and trades below 8500 for 30 minutes 

see a slide upto 8468 - 58 and even more than that upto 
8430 as the third target 

INTRADAY RESISTANCES @ 8536 - 76

INTRADAY SUPPORTS   @ 8465 – 55 - 25 

Trade very carefully with the above mentioned time and levels.

ALL THE BEST

(By the time this post was updated S&P CNX Nifty Futures 

was trading @ 8455)

NOTE 1

Nifty Futures yesterday filled a GAP formed on 28^th NOV 

(between 8493 and 8576)

NOTE 2

Remember that MILLION DOLLAR QUESTION!

When would Nifty going to fill those FOUR GAPS still 

below the current level?

One @ 8185; second @ 8040; third @ 7947 and the other @ 7814

Waiting calm for the FII’s exit which would happen soon!

JUST WATCH !

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