July 30, 2010

Nifty futures hourly chart update


CLOSER LOOK
  • Nifty futures hour chart is showing support between 5380-5390
  • The hour chart is supported by an important trend line in this zone.
  • The index might get support in this zone. But a break cannot be ruled out as well. If the line breaks that could be the starting of a larger correction. For confirmation one can wait for the break of 5350 in nifty spot.
  • NIFTY DAILY CHART ANALYSIS

3 comments:

  1. Thank you San. Your timely post has alerted me when i was about to take long positions. Keep up the good work.

    Regards,
    Ravi

    ReplyDelete
  2. Hey how do you generate these charts?..

    ReplyDelete