July 13, 2010

Nifty Futures chart with support and resistance lines

UPDATED CHART
  • Nifty futures is trading near important support and resistance lines.
  • For more upsides the resistance line needs to be crossed and a close above that on hourly basis is a must.
  • But for now it is trading below the support line.
  • NIFTY SPOT DAILY CHART ANALYSIS

3 comments:

  1. Please visit

    http://stock2gains.blogspot.com/2010/07/trade-updates_13.html

    for the latest trade updates.

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    regards

    P.S.-

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  2. Nifty Futures Trend

    The Nifty closed at 5383. Nifty future (July) closed at 5381.20 i.e. at a premium of 1.80 points vs. 1.60 points and
    added 603300 shares in open interest.
    The Nifty future (Aug.) closed at 5382.65 i.e. at a discount of 0.35 points vs. premium of 3.80 points and added
    121050 shares in open interest.
    The cost of carry is at +0.71% vs. +0.54%.
    Interpretation: The Nifty future prices ended in positive terrain along with overall addition of open interest and
    increase in the cost of carry in comparison to the previous day, this is an indication of some longs being built at
    lower levels.



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