Friday, May 11, 2012

11MAY2012 NIFTY FUT





NIFTY FUT MONTLY CHART INDICATES THAT THE TRAINGLE FORMATION IN STILL INTACT.
 
 NIFTY FUT WEEKLY CHART INDICATES THAT THE CHANNEL HAS SCOOP FOR DOWN MOVE BUT IS RESTING ON THE CRUCAIL 200 MOVING AVERAGE.

 NIFTY FUT DAILY CHART INDICATES THAT IT IS AT THE LOWER END OF THE CHANNEL WHERE IT MAY TAKE SUPPORT  BUT BREAKDOWN CAN BE THAT BEARS CAN TAKE THE NIFTY TO 4620-4470 WHICH IS A REMOTE POSSIBLILITY BUT GLOBAL FACTORS FAVOURING THE BEARS CANNOT BE RULLED OUT...