For 29-03-2011.

Nifty future is moving up side with over bought condition.
Today some negative divergence developed in hourly- Rsi chart.

Now if Nifty future can trade above 5714 , then can try 5727 , if can cross 5727 then a medium strength up side Chanel resistance is at 5741.
Above 5741 , NF can easily test 5770-5772-5774.

A hard core up side Chanel resistance are at 5770-5772-5774 . If can cross these line then have to think more.

And if Nifty future trade below 5691-5690, then can go down to 5674 .
If trade below 5674 , then can go down to 5649-5646. Below this 5638 is a good support.
Below 5638 , NF can go to 5605 - 5592.







All levels are for my own trading target levels and support and Resistance levels. Others can use it for educational purpose.