September 13, 2010

Nifty Intraday update

NIFTY FUTURES HOUR CHART
5 MINUTES CHART

  • First chart is the hour chart of nifty futures which is trading near the resistance line of the channel.
  • So i am expecting a small correction from here. The correction can also be sideways before the larger trend continues.
  • Second chart is the 5 minutes chart with the gap created today.
  • Chart shows break of day high. If NF sustains above 5731 another up move possible. 


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