NIFTY FUTURES HALF HOUR CHART
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- The chart is marked with support and resistance lines in 30 minutes chart.
- It also shows a possible break out point.
- Today will be a gap down because of the global market situation.
- I am expecting this down move to be stopped at the bottom support line
Dear San,Good Morning,
ReplyDeleteMy observation and understanding for today's trading as follows :
In spite of bad global clues Nifty FNO data is still showing strength.Yesterday there is no significant addition in NF O.I.The bhav copy is showing that the addition was intraday and was covered at the end.In spite of fall there was significant as well as highest addition among all PE's in 5200PE,which is suggesting the Bulls confidence.On the down side for today 5225-5200 shall be opportunity for buying as well as short covering.Only,if there shall be any serious selling at and around 5200 then it shall damage the whole scene.Market is always supreme, so let us see.
@Mynac
ReplyDeleteSorry for the delay in replying.
As you said nifty's technical analysis is looking good when compared to world markets