December 15, 2010

Nifty Futures intraday update

CHART-II
  • 5900 was violated for a while but nifty futures is getting support at this level.
  • Nifty has to sustain below 5900 for selling to gain momentum.
CHART-I
  • Nifty Futures 5 minutes chart with support and resistance levels.
  • 5900 is the low which need to be broken for bears to start selling.
  • 5949 and 5964 levels may act as resistance levels
  • Channel mentioned yesterday broke today morning followed by a small gap down opening. The morning gap is filled now and NF is moving towards the low of the day.

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