December 16, 2010

Nifty Futures intraday update I

CHART-II
  • Break of the resistance line has given a good trade.
CHART-I
  • Support line of this pattern needs to break for selling to gain momentum.
  • If NF gets support here or at the support line we may get an up move.
  • So Bulls may hang on till 5850 levels. Break of 5850 may give the next wave of selling.

5 comments:

  1. san - what is this chart pattern ? descending wedge ?

    ReplyDelete
  2. Dear San,
    Thanks, Bye and Wish you a very happy long weekend.

    ReplyDelete
  3. In how many minutes chart breakout(on closing basis?)should be?

    ReplyDelete