November 22, 2010

Nifty Futures Intraday update

CHART-III
  • Nifty breakout above the resistance line.
  • 6000 - 6010 acted as resistance so the next up move on breaking this range. Till then it will act as resistance.
CHART-II
  • NF crossed 5933 and day high toward the trend line.
  • More upsides will be possible above 5966 on crossing the trend line.
CHART-I
  • Nifty Futures Support and resistance levels.
  • The low points broken on 5921 and 5933 should be crossed for an up move to happen.
  • Price staying below 5921 will continue to attract selling. Today's low point in NF is 5905 if that breaks NF may start to drift lower again.
  • Crossing 5933 and today's high of 5942 will favour bulls.

1 comment:

  1. These are some good charts thanks.

    I check this blog everyday, due to your diligence hard work and accurate sound advice. The other guy I listen to is over at http://www.forecastfortomorrow.com well worth a look IMHO

    ReplyDelete