April 25, 2011

RANGE of NIFTY

NIFTY SPOT
NIFTY FUTURES
  • NIFTY Futures has violated the range on the down side.
  • NIFTY Spot is still inside the range.

CHART-I
  • Nifty's 15 minutes chart with the RANGE.
  • Price is moving between 5857 - 5913
  • Trend in short term charts are up so till now buy on dips have been working. So if price breaks 5857 one should have proper confirmation before going short. If Range breaks 5857 first then a reversal towards 5913 is possible.

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