January 28, 2011

Nifty Futures falling down in a narrow channel

CHART-III
CHART-II
CHART-I
  • Nifty Futures broke the support line around 5627 yesterday
  • NF fell below 5400 today.
  • NF is falling down in a narrow channel. Price closing outside the channel may give a decent bounce. But till now every small rise has been sold off by the bears.
  • This is a follow up post from yesterday's  INTRADAY UPDATE
By at

1 comment:

  1. ---January 29, 2011 at 12:11 AM

    really nice observation. I will also take a look at the channel.

    You may like to view the report at http://stockmode.com/markets/nifty-reports/why-are-markets-and-nse-nifty-going-down/

    regards

    Bharat Mudgal

    ReplyDelete

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