ravichauhanreport

Nifty Future 16th July 2012

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ravichauhanreport

Friday After making high @ 5276.90 NF went lower again upto 5228.80 and Spot made low 5216.85 which is January high , NF close @ 5240.45

Support @ 5218

Above 5256 NF will touch 5301.

If Crosses 5301 with volume then NF will touch 5328.

Close above 5328 will take NF upto 5282.

Note:

1st August2012 will be 225 so 225*4.4170= 994+4538 will gives 5532.

16th Sep 2012 will be 270 so 270*4.4170= 1193+4538 will gives 5731.

19th July2012 will be 45 days so 45*9.1213=410 +4760 will gives 5171.

Spot it will be 5146.

So from above calculation 5138-5183 will be Strong support If not broken till 19th July 2012 then NF will touch 5530 till 2st August 2012.

Ravi Chauhan

Trader & Investor in Global Asset Classes

“Mathematics is the only exact science. All power under heaven and on earth is given to the man who masters the simple science of mathematics”.