June 22, 2010

Nifty futures chart with gap area

  • Nifty futures chart with yesterday's gap created at the opening.
  • Now any move into the gap should be negative and the index may try to fill the gap
  • As nifty is still in up trend and price staying above 5300 the index may take a u turn any movement.
  • Look for supports close to 5300 in nifty spot for buying. When i mean support nifty should hold 5280 and 5300 for an hour at least

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