March 9, 2011
NIFTY FUTURES 5 MINUTES CHART
- Nifty futures 5 minutes chart is showing a small range, Breaking out of this range will give good direction.
- Daily chart shows a hammer candlestick pattern at 20 dma holding price in favor of bulls yesterday. Now if price holds 5500 we may see it moving towards the upper Bollinger band.
- 50 DMA Should also be kept in mind if an up move happens it may get resisted at this moving average.
- TRIANGLE OF CRUDE OIL