August 9, 2010

Nifty futures support and resistance

UPDATED CHART
  • Nifty futures has given a breakout. 
  • May rally till 5481. Can expect good momentum above 5481.


  • Nifty futures 30 minutes chart with support and resistance
  • The index may find resistance between 5460-5470 area.
  • Only a good volume break out above this zone can give a meaningful rally on the upside.
  • There is a supporting trend line shown in the chart. So NF will soon give good direction from the apex of this pattern.
  • TATA MOTORS TRADING IN A CHANNEL
By at

2 comments:

  1. veerAugust 9, 2010 at 1:01 PM

    Dear San,

    If taken out up, what is the target?

    Regards,

    Veer

    ReplyDelete
  2. SanAugust 9, 2010 at 2:31 PM

    @ Veer

    I have updated the chart. Immediate resistances are 5473 and 5481.

    Thank you

    ReplyDelete

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