Thursday, 28 July 2011

Nifty Intraday July 28th


Nifty today looks okay above 5553

Buy Nifty above 5550  for targets of 5564, 5583 , 5604 SL - 5531 

Sell Nifty below  5531 for targets of  5515, 5497, 5478 SL 5550

1 comment:

  1. The week begins with the entry of Mars into sidereal Gemini. Whenever Mars enters a new constellation it injects an excess of energy which can coincide with declines.
    Sentiment is likely to improve significantly by Wednesday as the Sun (confidence) forms an alignment with Uranus (risk) and Pluto (power, corporations). Thursday and Friday’s Mercury-Venus-Neptune pattern also looks positive so that should also augur well for the bulls, although Friday may see a return to some weakness.
    (Astro as per Christopher Kevill of modernvedicastrology.com)

    Although there was very good astrological support Global markets were down. This is strange but, Like I said in past sometimes the astrological energies get delayed. Surprised to see Mars entry in Gemini is still releasing some negative energies.

    Technically, markets has shown some weakness and might slip, but, I would bet on Astrological support, there should be some positive improvement in today and tomorrow. We may not pass 5700 but, considering good astrological support market should not witness steep fall and if that happens then we can expect for some immediate pullback.

    Firstly 5520 and then 5500 should play a good support and after that 5470, which is very good support.

    Happy Trading!!

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