October 6, 2010

Nifty daily analysis

NIFTY SPOT DAILY CHART
NIFTY FUTURES 30 MINUTES CHART
  • Nifty did not show much weakness as expected by the formation of an inverted hammer.
  • Index made a small correction and closed near the 5 day high ema.
  • Nifty futures has to trade outside the range of 6167 - 6246 for making good moves.

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