January 31, 2011

Nifty Futures intraday update

  • Nifty Futures 5 minutes chart with support and resistance lines.
  • Morning gap is yet to be filled completely.
  • 5 minutes is trying to create a channel formation But may hit resistance.
  • A short term reversal can be seen if the gap is completely filled and price closing above it.
  • Breaking the support line showed in the above chart will favour bears and if today's low gets broken we may see 5350 soon.

1 comment:

  1. Informative post! on "Nifty Futures intraday update" I appreciate your good work here :) traders should need to get this kind of helpful intraday updates.

    Intraday trading tips