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Nifty Levels

Wednesday, June 27, 2007

NIFTY (4286)

As said yesterday that even though global cues were bad, still nifty showed resilience in going down much and today it appears to have cleared the congestion zone which it was in, since last 3-4 days. Today`s nifty upmove credit should go to Ongc as seen from gains made by Nifty over Sensex.

Pivot Point trading levels for 27th JUN is as under.
S2 S1 PIVOT R1 R2
4231 4259 4277 4305 4323

Pivot Point trading levels for the Week 25th-29th JUN is as under.
S2 S1 PIVOT R1 R2
4079 4166 4222 4309 4365

Pivot Point trading levels for the Month of June is as under.
S1 PIVOT R1
4082 4195 4408

10-DMA 4213
20-DMA 4217
30-DMA 4225

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.

Nothing much to say, positional players, keep holding longs with a stoploss of 4225 on closing basis.
Nifty will face resistance near 4305-4309. There could be some volatality as we are just 2 day into F&O expiry.
Nifty is just 11 points away from all time closing high.

Posted by FR at 7:34 AM  

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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.