August 24, 2011

NIFTY Intraday update

CHART-II
  • Futures should sustain below 4903 for further down moves to happen
CHART-I
HOUR CHART BELOW IS NIFTY FUTURES
  • 15 Minutes is moving up in a channel
  • Hour is knocking at 50 hour moving average again. (HOUR CHART NIFTY FUTURES)
  • Breaking the channel will be negative.
  • Hour chart if stays above 50 Hour moving average then nifty will continue to move up in the channel.

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