11 May 2015

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NIFTY FURTURE (MAY'15) ANALYSIS

NIFTY GAVE GOOD BOUNCE BACK FROM THEIR RECENT LOWS 8020 AND CURRENTLY TRADING AT 8283 LEVE'S....PRIMARY TREND OF NIFTY IS STILL WEAK BELOW 8370 AND IT CAN GO DOWN TILL 7800-7500-7200-6600
SO BETTER TRADE WITH SHORTS BELOW 8370
SUSTAINED CLOSING ABOVE 8370 CAN TAKE NIFTY TO 8480-8592-8683.40-8800

FOR NOW SELL NIFTY FUT. 8320-8350 SL ABOVE 8410 TARGET 8050-7930-7760