September 28, 2011

NIFTY Futures intraday update

CHART-I
  • Range mentioned below has held for the day.
  • Price may move towards the upper end of the range from here.
CHART-II
  • NF is in a 90 point range.
  • Price is near the lower end of the range.
  • Larger move will be possible only after this range gets resolved.
  • On the down side price has to stay below the small GAP for bigger falls to happen.
  • Staying the dotted trend line may favor bulls.

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