November 9, 2010

Nifty futures support and resistance

CHART-II
  • Repeated attempts at 6325 to break it was successful. Just like 6284 in the below chart.
CHART-I
  • Nifty futures tested 6284 three times before breaking out.
  • Now price tested 6325 three times.
  • If price testes a support or resistance levels many times eventually it will give a clear breakout.

7 comments:

  1. superb sir...I am a silent follower.

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  2. SAN

    Your charts are very simple to understand. Pls keep posting for followrs like me.

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  3. 6325 is broken successfuly by 4th attempt means target for 6440? or still higher?

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  4. San,

    As always a BIG THANKS FOR YOUR AWESOME CHARTS !!!

    Nifty Spot did not make new highs. Only the premium got ballooned. Can you also put up a Nifty (Spot) chart on your blog if & when you get a chance.

    Tx

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  5. Very Nice Simple Way but Still Technical.
    Thx SanSan ( San in Japanese is added like we say Saab)

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  6. Thanx Everyone for your comments.

    @Kumaresan
    I posted 5 minutes chart today so it is better to finish these trades during intraday especially when the time frame is small.

    @nifty

    I use to post nifty spot chart but the spot technical is covered very well by ILANGO sir so i switched to nifty futures.

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