Nifty Future -- After 22nd-oct-10.

Nifty Future could not cross above upper Red Chanel, and breached side support Chanel.
Now the question is what will be the next. So many probabilities gathering here.

Bulls Eye ----->

1. Yesterday(22-10-10), short term indicators was at OB zone. Nifty future could go down below 6000 easily, but it did not.

2. This Weekly closing is above all EMA ( 3,5,7,10) and upper envelope also, And This week bounced back from weekly 7 EMA.

3. FII Net bought Equity(Rs. crore) ============================ Debt (Rs. crore)


From 2009 oct -- 2010-sep --- 113,514.20 ====================== 56,206.20

From 1st-oct-10 -- 21-oct-10 --- 21,051.20 ( 18.55% of last 12 month's) === 158.00

In September 2010 ------------- 29,195.80 ======================= 7,625.30

In August 2010 ------------------ 11,185.30 ====================== 1,988.40

As of now FII Invested Good amount in cash market.



Bear's Jump ---->

1. Closed Just at Day 7 EMA(micro down).

2. 35-D, or , Hourly Stochastic was at OB and turned down.

3. Could not cross above 6150, just tested and fall.

4. Closed below Daily 10/13/20 SMA.

5. Hourly Chart Showing weakness.


And many more....


So Have to find out Probabilities..

I am finding out 3 - 4 Probabilities,, and will post Tomorrow..