Nifty Future
(Updated on 21-08-2012 at 07.50 am)
In our last post we written that crossover 5394 would take it
to 5421. NF formed high at 5423.
We were long from 5368-5380 for target 5427-5451 and booked
profit at 5418 as weaknes developed intraday and shorted below
5400 with traget 5346-5428.
NF formed low at 5451.
Now for today…
Trading above 5391 with sustained volume will keep the uptrend
intact and NF will attampt to kiss 5416-5421 zone.
This zone is causing short term hurdle.
Crossover above 5426 may put it into the orbit of 5444-5467.
Breakout below 5366 will drive it 5346.
In more selling pressure 5315.
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