Nifty Future -- 12-Nov-10 -- EOD And For Monday(15-Nov-10).

Today after settlement, Nifty future closed at 6091.55 and today's low was 6074.
Now major event done today ----
1. Today weekly closing done. Weekly 7 EMA (major trending point always) is at 6091, today first NF breached this level but after final closing(settlement) it closed above this level. That means No major threat ahead(Weekly basis) as of now.
2. Today NF breached PSAR (Parabolic SAR) in Daily chart , A Bearish view daily basis.
3. Breaks Down side supporting Chanel-- can see in the chart.
4. NF closed below hourly 200 EMA.
5. Open Interest Closing basis data Showing Huge Bearishness ( but it can change in trading hour)
6. NF is heavily over sold , but can remain in this zone for few hours or days.

SO its a mixed Result.

Now what Next,,,, on Monday????

From last few month it is visible that when ever Nifty future breached hourly 200 EMA, it goes down more but after few hour it cover up and finally comes above hourly 200 EMA ( it is visible in the chart also).
Hourly 200 EMA is at now 6123 level.

Now on Monday, If nifty future will try to go up then watch these levels ---

6114 and 6125.

IF there is some fall in the card, Then Nifty future will not sustain above these level,and will fall from here.
Or can fall from the beginning.
MY down side target i am looking for ----

1. 6022 ( weekly 10 EMA ).
2. 6012 ( down side Envelop Chanel in Daily chart).
These levels can change 10 points +/- during trading hour, because it is calculated by EOD data.

As of now i am not looking for more down side from these level. If i find out then definitely will post.