hari om
nifty futures intraday trend analysis & trading calls for 24th july 2009
nifty futures has closed at 4535.
"""""global markets may be trading in the green """"""""
"""""""tomorrow our market might open in a gap up. But i would prefer to post my analysis in the same way as usual level by level """"""""""
upward view of nifty futures
4557 is the 1st resistance for nifty futures for tomorrows intraday session.
Above 4557 immediate resistance is pegged at 4581 4590.
4590 is a huge resistance and nifty futures has a strong chance of reversal from 4590.
sustaining above 4590 is a must & a minimum close above 4590 is a must for this uptrend to continue further.
"""""above 4590 the last target & maximum target for intraday is placed at 4604. The intraday range for tomorrow gets over at 4604"""""
in case a gap up is visible:-
in case nifty futures opens in a gap up, then it has to sustain above the 4590 4604 region. Unless and untill nifty futures does not sustain above 4590 4604 there will be no upside.
Sustaining above 4590 4604 will take nifty futures to 4613 4635 4647.
4647 is the maximum for tomorrow in case of a gap up.
if nifty futures opens above the 4647 region then the further levels will be given during intraday tomorrow.
downward view of nifty futures
on the lower side 4512 4490 hold crucial for the bulls.
till 4490 is intact there is no problem.
the moment 4490 is breached or if bulls fail to trade above 4490 then nifty futures will slide down to 4473 & 4455.
4455 is today's day low and it should not be breached.
If todays day low off 4455 is cracked then a further fall up to 4441 4426 is expected.
1st bounce back region for tomorrow is placed at 4426.
crack at the bb region of 4426 will take nifty futures to 4398.
trading calls for 24th july 2009
ril buy 2032 s/l 2022 tgt 2062 2089 & sell 2017 s/l 2027 tgt 2006 1966
era infra buy 154 s/l 149 tgt 158 164 & sell 148 s/l 150 tgt 144 136
jpassociat buy 230 s/l 227 tgt 232 235 & sell 225 s/l 228 tgt 220 216
tata steel buy 413 s/l 410 tgt 421 427 & sell 409 s/l 412 tgt 407 398
abgship buy 202 s/l 195 tgt 207 213 & sell 194 s/l 196 tgt 189 180
have a nice trading session tomorrow
ganpati bappa morya
hari om
regards,
nishikant k. Hadge