August 30, 2010

Nifty Futures Intraday Update

  • Nifty futures broke 5425 and is moving down to test the support line at the lower end of the range mentioned in the below chart.
  • NF may give a long trade from here. But one has to be careful, if 5396 breaks NF may correct further.
  • Nifty futures is showing a range of 5396 - 5461
  • 5425 is the mean. 5425 is the low point for today till now.
  • If 5425 breaks NF can slide to the lower end of the range.
  • If 5461 breaks NF will favour bulls.

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