Wednesday, October 20, 2010

Nifty Future-For 21-0ct-10

On Thursday (21-oct-10) Expecting down side more up to 5955-5939.
These two lines are strong support area.
Before also these two lines were support area.
And now, daily 34 EMA-34SMA both are here, and weekly 7- EMA also here.
Its a strong support area.
And after testing these lines , I believe that nifty future will start up side journey for new high, in this month.
Open interest should also support this.
Lets see..


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4 comments:

  1. factOctober 20, 2010 at 9:00 PM

    wht levels can we expect at expiry of oct serires as u r saying new highs r possible in this month

    ReplyDelete
  2. Siddharth DharOctober 20, 2010 at 10:10 PM

    Dear ankit,

    can not calculate exact level on expiry closing day.But expecting 6386-6425 level next week before expiry, if and only if, nifty future should bounce back,and start up side journey from my level given in the chart.

    Regards
    Siddharth.

    ReplyDelete
  3. Siddharth DharOctober 20, 2010 at 10:37 PM

    I will post another chart tomorrow morning, before market opening,, because Euro-USD showing strength.. Its good(bullish) for our market..

    Good night.

    Regards
    Siddharth.

    ReplyDelete
  4. factOctober 20, 2010 at 11:29 PM

    hi
    its a bold statement by u
    u expecting 6300++ by next week
    but why the market is falling ?
    any ans ?

    ReplyDelete

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