February 2, 2011

Nifty Futures intraday update

CHART - III
  • Day range resolves in favour of bears
  • GAP is faded
CHART-II
  • Price not sustaining above day high.
  • Today's range is yet to be resolved.
CHART-I
  • Nifty Futures 5 minutes chart with today's range from 5450 - 5504
  • Break of 5450 may lead to fading of the GAP mentioned in the chart.
  • Support levels for today are 5450 and below that it is near 5411.
  • Break of 5411 may take SPOT to 5350.
  • TATA MOTORS ANALYSIS

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