Nifty Future for 17-02-2011.

Today also Nifty future could not cross the nearest upside Chanel resistance.
If tomorrow NF can cross this Chanel line, then will face again a resistance at around 5517-5521. See the 2nd chart (weekly chart) for the 5517-5521 Chanel resistance. If can cross this line then can expect 5538-5561.
Up to these two level i am bullish, though market is always supreme.
And market can fall from any of these two level's ( 5517-5521 and 5538-5561).
I am little bit biased to 5538-5561 level.
Any fall below 5450 (NF) and stay below that will create strong panic sell..




Charts and level's are for educational purpose.
Will post if time permits..