Wednesday, November 3, 2010

Nifty Future -- 03-Nov-10 -- EOD.

Another slow day. Nifty future breached the Chanel support and took support from 13 hourly SMA( which was at 6173) and was trying to cover up, just like false break out.
NF up side envelop Chanel bar is at 6237, NF should try to test this level, if it can come up above the lower Chanel.
It will be interesting to see the action of NF at 6237, if at all it try to test that resistance.
Down side Immediate support at 13 hourly SMA -- 6173, as of now.


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