Nifty outlook for week ending 27 July 12

Last week it was predicted by RK ..
 we predict that the possible range
might be 5185 to 5304  with good volatility ...
http://www.dhanvarsha.in/2012/07/nifty-levels-for-week-ending-22-july-12.html
and  Nifty spot traded  between 5169 to 5253  closed at 5205 ...
Nifty is taking good support at 5200 level if nifty will open positive then it will go to 5350+ and if it fail to sustain 5200 level then the next support will be  5090..


following fectors will affect  for next week market move
1. last week reliance result was better then expected ,
2. Pranab Mukherjee is becoming President of India- Bullish for markets
3.  FIIs are net buyers.
4. FIIs accumulated equities of more than Rs 5225 Cr till July 20th.
5. settlement  of F&O
6. RBI policy review
7 Upcoming quarterly results
but there is good amount of open interest (11,078,850) in 5300 call that will create a big hurdle  at 5300 - 5315

Varun:


Nifty futures hourly chart is indicating barrier at 5220 level ...Bullish  above 5220 and bearish if moves below it ...

weekly spot nifty chart  is showing that Nifty is trading above 20 WMA  which is at 5165 and fib support at 5203 and both levels are working as support till now... ...

...

others expected  short range move on Friday ...

12:20 PM - Nifty F&O Call: Buy at 5200 with a 2-3 day target of 5250 (spot level) and stop loss of 5180 (spot level), says Nirav Vakharia of Globe Capital on CNBC Awaaz.   »  Send to friends

12:16 PM - Nifty F&O Call: Sell with a 1-2 day target of 5165 (spot level) and stop loss of 5240 (spot level), says Parsh Zaveri of Zaveri Investment on CNBC Awaaz.   »  Send to friends

12:12 PM - Nifty F&O Call: Sell with a 2-3 day target of 5160 (spot level) and stop loss of 5260 (spot level), says JK Doshi, technical analyst, on CNBC Awaaz.   »  Send to friends

12:09 PM - Nifty F&O Call: Buy with a 4-5 day target of 5300 (spot level) and stop loss of 5170 (spot level), says Somil Mehta of Sharekhan on CNBC Awaaz.   »  Send to friends