August 12, 2010

Nifty Futures Intraday Update

  • Nifty futures has violated the channel in its daily line chart.
  • Now a daily close below 5390 will test 5350.
  • If 5350 breaks the next target comes at 5270
  • This trade depends on how nifty closes today. If nifty futures closes above 5390 levels the index will remain in the channel.
  • NIFTY TREND LINE BREAK TRADE

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