Friday, September 23, 2011

Dhanvarsha crucial Nifty Futures Levels and market prediction 23 Sept 11

Nifty futures levels for 23 Sept 11

Gap down opening is expected with mixed bias . Market is consolidating between 4800 to 5150 range since last 7 weeks,  today's closing above 4900 can not be ruled out reason is market participants created short positions yesterday to en-cash  panic of fed's action and they may cover their shorts, next is valuation is cheap, maximum blue chips are available at 6 to 8 % cheaper today ...Dow and EU futures are trading positive indicating that market digested negative market will trade in range or will see relief rally if there will be no inflow of negative news. Next possibility is close at 4800 level so that double bottom can be formed..double bottom is technical requirement for  reversal. let us see traders sentiment will move the market which way , will they make double bottom ? or  they are happy with current inverted head and shoulder pattern on day chart ? according to trend and under supervision of expert advisor...

FIIs were net sellers in equities and in index and stock futures on 22 Sept 11..why ?
These levels were given in last month ...on Aug 29th , 2011

Weekly Nifty Range ... Read more 
If you are slow in order placing place your  your orders in advance...

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