Friday, September 30, 2011

Dhanvarsha crucial Nifty Futures Levels and market prediction 30 Sept 11

Nifty futures levels for 30 Sept 11


   Flat to negative opening is expected  with mixed sentiments ...50/50 .. we are expecting tug of war in bulls and bears to hold 5000 level 5022 level 20 DMA is supporting bears where as 5000 is a psychological level and Nifty is trading above 5k and stocks are in different zones like over bought,oversold and neutral zones. Few stocks are in consolidation and waiting for break out / break down.above 5025 market will move up and below 5k bulls will have to wait for next attack ... 

     Yesterday Nifty moved up due to short covering closed below 20 DMA and momentum is not healthy ..though bullish engulfing is there but breaching of 20 DMA is must for up move..and it is Friday today ..traders will take some money for week-end parties  ...

FIIs were net sellers in equities and neutral in index and stock futures on 28 Sept 11..

Weekly Nifty Range for week ending 30 Sept 11... See here

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