December 22, 2010

Nifty Futures intraday update

CHART-III
  • Finally Nifty futures takes more than 5 steps in the same direction
  • Staying below 5990 will give good gains for bears.
CHART-II
  • Price in a narrow range as it did yesterday.
  • If we breakout above 6040 NF we may see some action. For bears it will be below 6015. Otherwise this sideways movement will continue for some more hours.
CHART-I
  • Nifty Futures has given an upper breakout.
  • Bulls are safe to hold on as long as 6015 is not taken out by bears.
  • Weakness will be seen below 6015.

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