October 4, 2010

Nifty intraday update I

  • NF has given 12 Green candles in row. Some correction or sideways movement can be expected before the next big up move.
  • Nifty Futures today achieved 6243 the target given on Friday CLICK HERE TO SEE IT.
  • Rather then saying the target achieved i should say that the technical s worked perfectly. Many times after a breakout the index will try to confuse us by retracing, which did not happen in this case. It was a clean breakout and never looked back.
By at

5 comments:

  1. RDPOctober 4, 2010 at 10:23 AM

    I have been observing and learning from your analysis. Its crisp and cool! Thanks for the great work.

    ReplyDelete
  2. SanOctober 4, 2010 at 10:27 AM

    Thanx RDP.

    ReplyDelete
  3. PrabakarOctober 4, 2010 at 11:33 AM

    Dear San,

    Could you provide your view on this correction? Till where it can go today for intraday?

    ReplyDelete
  4. SanOctober 4, 2010 at 11:46 AM

    @Prabakar
    The morning gap has faded. Now we have to see if NF breaks the closing of friday. If it breaks friday's closing price weakness will persist up to 6150 - 6160 area. If it trades above friday's price action we can expect an up move any time

    ReplyDelete
  5. PrabakarOctober 4, 2010 at 11:59 AM

    Dear San,

    Thanks a lot.

    ReplyDelete

Subscribe to: Post Comments (Atom)