October 26, 2012

Rounding Bottom of Nifty Futures

VERSION - I
VERSION - II
  • Rounding bottom of nifty futures is still in play.
  • First chart shown with more hits on the circle line. Today's low is crucial for this version.
  • Second chart though has more space for bulls. This one takes 5637 Futures low at the circle line and can have some more correction before price hits the circle line.
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3 comments:

  1. San,
    guess yr triangle in nf is still in play.
    best

    ReplyDelete
  2. @manojag
    It has been violated on both sides and still no clarity on direction. But price is still inside
    the contraction range. May be a closing value outside this range will give good direction.

    ReplyDelete