Monday, November 8, 2010

Nifty Future -- 08-Nov-10 -- Before opening.

Nifty future is over bought at this stage for short term.
Nifty future close below pivot level. If it manages to cross the pivot level 6330.22, then it will try to cross 6349 and 6354, nearest hurdles point, if cross above it and start trading with volume then it will go for 6386 and above this second target is 6421.

But if Nifty future starts trading below 6311 and 6302 with volume then it can go down up to 6256 and 6202.

Initially this level i am watching.

I will upload next at EOD today.

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