October 8, 2010

Nifty Intraday Update

  • Nifty futures is showing a large range of 5960 - 6246
  • 6093 will be the midpoint.
  • If 6093 breaks one should keep in mind the Fibonacci levels mentioned in the previous post..
  • An up move is possible from 6093 levels.

3 comments:

  1. San,
    Your chart updates are excellent,
    combined with Ilango's lessons.
    Thanks to Dinesh for guiding here.

    6103 is the midpoint of 5960 to 6246,
    low made was 6097 and close 6103.
    what is the significance of 6093 mean
    with respect to 6103.

    ReplyDelete
  2. sorry , close 6144. i wrongly wrote the spot close.

    ReplyDelete
  3. @atain
    It's not difficult to understand. Just have a look towards the left side of the chart. You will see NF got resisted at 6093. Now having crossed this level this should act as support now.

    Thanks for visiting

    ReplyDelete