Thursday 30 August 2012

Nifty Future Update 30-Aug























Xpert Nifty
30-Aug

------ :::: August Serier Future Contract Expire Today :::: ------

Yesterday we have seen a slow and steady fall in Nifty Future, However Banking sector have stopped at lower level's.
Today Nifty is having a support near 5287.
Break below this level could result to more fall in Nifty.

View #2 
Chart Based on Fibonacci Retracement

















As per Fibonacci ratio NIFTY is showing support near 5299-5248-5198.

Look at the above chart for details.

******* OUR INFORMED OPEN POSITION *********

Xpert Nifty
PERFORMANCE
1# SELL NIFTY 5382 LTP 5294 = GAIN 88 PTS
2# SELL BANK NIFTY 10,496 LTP 10,033 = GAIN 463 PTS
3# SELL SBIN 1917 LTP 1,834 = GAIN 83 PTS



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Disclosure


The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information contained herein are solely responsible for their actions. Information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based on the theory of Technical Analysis and do not reflect the fundamental validity of the scrip.


Tean Xpert Nifty