My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
February 23, 2011
Nifty Futures support levels
NF has support near 5430 level which is the 38.2% retrace level. Price closing below this level will favor bears.
As seen in the chart this place between 23.6% and 38.2% is not allowing price to move away from it. So a daily close outside this range may give direction for future.
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