February 7, 2011

Nifty Futures intraday update

CHART-III
  • Break of 5421 lead to 5443. NF Should sustain above this level for its next target 5471. 
  • Getting resisted here and a dip below 5421 will be negative for the bulls
CHART-II

CHART-I
  • Important levels for nifty futures in 5 minutes time frame.
  • Above day high we may see NF gaining intraday upwards momentum. 
  • Getting resisted near day high will push price towards 5357 friday's low.
  • Above 5419 we may see 5443 and 5471 levels.
By at

3 comments:

  1. wormwood34February 7, 2011 at 11:12 AM

    san gm excellent chart as usual...do u see the possibility of nf touching 5200 and reverting back to 5650-5700..in short term...


    rgds
    johnson

    ReplyDelete
  2. SanFebruary 7, 2011 at 11:32 AM

    @wormwood34

    If Nifty Futures trades above 5480 and closes above it we may see nifty near its 200 DMA. From there we have to see how price behaves near or on its 200 DMA

    Thanks for the visit.

    ReplyDelete
  3. keshavFebruary 8, 2011 at 8:47 AM

    plz. give me your blog update by yahoo ya gmail


    keshav.savani@yahoo.com
    savanikeshav@gmail.com

    ReplyDelete

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