Wednesday, November 3, 2010

Nifty Future -- 03-Nov-10 -- Before Opening.

The Chart is same as posted yesterday EOD.

The main level to watch for --

1. 6178 - 6188.
2 Above this can go up to 6208.
3. If break 6208 then can go up to 6231 - 6237.
4. If today's close above 6237-6242, then expecting non stop up side, but for closing 6231-6237-6242 is most strongest resistance .
5. If NF test the area 6231-6237-6242 and fall back, then it will be a good opportunity for short, Test and close below this area will create a long down side journey.

And down side below current level( 6155) --

1. 6120 can act as a support, break of this can go to 6045
2. If break 6045 can attempt 5945.

Will post more when some clarity emerge.


Regards
Siddharth.

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