For updates visit


Indian Stock Market


Nifty Levels

Friday, June 22, 2007

NIFTY (4267)

Even though Europe and US cues were bad still we managed to close in the positive for the 3rd consecutive day catching onto Asian cues.

Pivot Point trading levels for 22nd JUN is as under.
S2 S1 PIVOT R1 R2
4199 4233 4254 4288 4309

10-DMA 4178
20-DMA 4217
30-DMA 4209

Resistances on the way up are at 4294, 4364. Support is at 4224.
These are not for any particular day and are valid for MEDIUM TERM.

Now we are just 30 points away from making an all time high on a closing basis. (Cnx100 is just 5 points away from making an all time closing high while Nifty Junior and Cnx Midcap are already making new highs). Those who had taken position near 4136 can continue with their positions, moving the stoploss now to 4217 or preferably 4209 on a closing basis. Those who entered fresh yesterday, can also continue to keep the same stoploss.

Posted by FR at 8:29 AM  

Catagories ,

0 comments:

Post a Comment

Subscribe to: Post Comments (Atom)

IMPORTANT DISCLAIMER

Investment in equity shares has its own risks. Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that we consider reliable. I, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred based upon it.& take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations given in this blog.