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    11jul2012 Nifty

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    Sreekumar Gopalakrishnan
    The document summarizes the market outlook for July 11th. It states that the Nifty index took support near its 10-day moving average of 5247 and closed higher at 5345. Near-term resistance levels are seen at 5379-5406, and if breached the index could rise to 5458-5499. Support is seen at 5313 and below that the 10-day moving average at 5270. Weakness may occur if the index closes and sustains below 5257, which could lead to a decline to 5118-5087. Additional resistance and support levels are provided. A separate comment recommends selling Nifty on upmoves in the 5263-5277 range with a stop above 5

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    11jul2012 Nifty

    Uploaded by

    Sreekumar Gopalakrishnan
    6 views1 page
    The document summarizes the market outlook for July 11th. It states that the Nifty index took support near its 10-day moving average of 5247 and closed higher at 5345. Near-term resistance levels are seen at 5379-5406, and if breached the index could rise to 5458-5499. Support is seen at 5313 and below that the 10-day moving average at 5270. Weakness may occur if the index closes and sustains below 5257, which could lead to a decline to 5118-5087. Additional resistance and support levels are provided. A separate comment recommends selling Nifty on upmoves in the 5263-5277 range with a stop above 5

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    The document summarizes the market outlook for July 11th. It states that the Nifty index took support near its 10-day moving average of 5247 and closed higher at 5345. Near-term resistance levels are seen at 5379-5406, and if breached the index could rise to 5458-5499. Support is seen at 5313 and below that the 10-day moving average at 5270. Weakness may occur if the index closes and sustains below 5257, which could lead to a decline to 5118-5087. Additional resistance and support levels are provided. A separate comment recommends selling Nifty on upmoves in the 5263-5277 range with a stop above 5

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    6 views1 page

    11jul2012 Nifty

    Uploaded by

    Sreekumar Gopalakrishnan
    The document summarizes the market outlook for July 11th. It states that the Nifty index took support near its 10-day moving average of 5247 and closed higher at 5345. Near-term resistance levels are seen at 5379-5406, and if breached the index could rise to 5458-5499. Support is seen at 5313 and below that the 10-day moving average at 5270. Weakness may occur if the index closes and sustains below 5257, which could lead to a decline to 5118-5087. Additional resistance and support levels are provided. A separate comment recommends selling Nifty on upmoves in the 5263-5277 range with a stop above 5

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 1

    Ventura Says in InvestmentGuru:

    Market Outlook For 11th July - After taking support near to its 10 days moving of 5247 at 5257, Nifty started moving upward & On Tuesday after opening at 5286 levels, it closed near days high at 5345, up by 70 points. Now on upper side Nifty has immediate resistance at 5379 5406 levels. If it crosses this then it may go upto 5458 5499 levels. On lower side it has immediate support at 5313 levels & below it 10 days moving average support at 5270 levels. We may see weakness in market if Nifty closes & sustain below 5257 levels, and if it does then it may come down to 5118 to 5087 levels

    R1 5379

    R2 5406

    S1 5313

    S2 5270

    SanjayDanga Mudraa.com

    sell nifty on upmove in 5263-5277 range with sl abv 5291 immed res is 5258-5263 range,immed supp is 5236 below 5221ns will favour bears all levels are ns levels R1 5271 R2 5279 S1 5348 S2 5278

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