December 16, 2010

Nifty Futures intraday update

CHART-II
  • Nifty Futures has violated the trend line in 30 minutes chart.
  • Support area of 5870 - 5885 is also broken.
CHART-I
  • Nifty Futures support levels are seen at 5870 - 5885 level. Hour closing below this will be negative for the bulls.
  • Bulls are safe above the trend line drawn in this 30 minutes chart. Dip below the trend line may give warning signals for the bulls.
  • Longs will gather momentum if NF breaks and sustains above 5910.
  • DIAMOND OF TATA STEEL

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