Nifty Future forthcoming weekly wrap (17 Dec. to 21 Dec. 2012)

 Nifty Future forthcoming weekly wrap (17 Dec. to 21 Dec. 2012)

Nifty Future forthcoming weekly wrap : - Closing 5918. Happy ending end of the weeks. But this closing is not permanent relief. I think it is temporary. Look at the last 5days movements. Nifty future really straggling against volume, technical. Last week I’m indicating about , “Bank Nifty future’s can playing supporting  roll to hanging Nifty Future’s from down street to up ways. Yes it is 100% right predictions’ proven end of the week. Also help coming from sum Governments positive announcement Like FM says- “Earlier government has taken measures, including opening up of FDI in multi-brand retail and hiking foreign investment cap in the aviation sector,”  and good positive IIP, GDP rates’. But Bank Nifty showing bullish rally from base of hope to decreased sum “Interest Rate”. All traders & investor waiting for it. Investors turned cautious after the recent run up and other key events like the RBI policy meeting. Plus good advance tax submitting data can force to market going up. Finally my view very crucial & critical coming week.

Nifty Future forthcoming weekly Technical wrap: -

·    Key Points 5850. Above 5870 always chance to try crossed 5940, above 5945 few days closing Nifty Futures ultimate target 6250 plus. Below 5850 sum days closing indicating it is going to 5790 onwards. 

Nifty Future forthcoming weekly Trading levels: -

Bull-Lover’s

·       Buy @ 5945 above with stoploss 5895 for target 6020-30         

 ( It is heavy risky like below trading levels)

·       Buy @ 5880-90 with stoploss 5849 for target 5940

·       Buy @ 5820-30 with stoploss 5790 for target 5870

·       Buy @ 5780-90 with stoploss 5749 for taget 5850

Bear’s lovers

·     Sell around 5990-6020 level with stoploss 6055 for target 5940, 5870, 5850 and 5800.

Note: Subject to change above trading levels as per market situation & conditions.

Disclaimers: - All view my personally own knowledge bases. So please trade with your on knowledge and technical point of views. Remember Profit & Loss you’re your own part. Take Care.   

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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