November 16, 2010

Nifty Futures Intraday update

  • Nifty futures broke 6056, price stayed below 6050 and has broken below 6000.
  • Another range breakdown trade that has worked well.
  • Bulls may try to keep price above 6000.
  • Nifty futures approaching the bottom of the range.
  • Price may take an intraday turn towards upside from 6050 levels.
  • Breaking down below 6050 will favour bears and may drag it down till 6000 NF.

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