August 4, 2010

Nifty trading levels for the day

  • Nifty futures daily chart with trading range which can give clear direction.
  • First chart is showing a small triangle like pattern. If a break out or break down happens the ranges has to be broken with good volume.
  • On the down side a break of 5367 should give the warning for the bulls it will be confirmed if 5348 breaks.
  • On the upside a break of 5457 should be the level for going long. And the bulls will be safer above 5473.
  • All levels mentioned are in nifty futures

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