Thursday, October 29, 2009

NIFTY FUT(A) 29.10.09

NIFTY1 DAY 1 MIN :MARKETS OPENED ON NEGATIVE NOTE TAKING CUES FROM ASIAN MARKETS AND U.S MARKETS WHICH WERE IN NEGATIVE TERRITORY

NF HAD MADE A DOUBLE TOP (MARKED WITH ARROW) AT 4790 A SHORT TRADE COULD HAVE BEEN INITIATED

NIFTY SPOT HAS CLOSED AT VERY IMPORTANT LEVEL OF 4750 AND SENSEX AT 16052

RELIANCE IND: RESULTS OF RIL ARE BELOW ESTIMATE THUS TOMORROW MARKET MIGHT OPEN GAP DOWN

NIFTY HAS GOOD SUPPORT AT 4725 AND 4700 WHICH I THINK WILL HOLD

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