October 22, 2010

Nifty Futures Intraday update

  • NF has come down to 23.6% level. If this level holds an up move is possible. Break down of this level will be negative for the bulls and bears will start to take control again.

  • Nifty Futures hour chart with fibonacci levels.
  • NF is keep getting resisted at the 50% retrace area.
  • Right now it is at 38.2% level if trades above this level an up move till 50% area is possible
  • Breakdown below 38.2 can take NF to 6070 area.

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