For 10-05-2011.

Nifty future got support at Down side Chanel and closed above this chanel.
Immediate down side supports are at 5521-5514-5499.
and Immediate up side Chanel Resistance is at 5636/37 and above this another Chanel resistance is at 5740/41.
A higher high and higher low pattern is visible in 1M to Day chart.

Nifty future can move higher side more 1-2 days.
I think NF is consolidating for a deep correction.

Any way for now, if Nf can stay above 5636-5640, then can go towards 5740.

Not a single bar closed below our RSV line -----

Its a hourly RSV line.
And you can see that, not a single bar closed below RSV-3 line, after NF cross and close above RSV-3 line, and now trading above RSV-1 line.

Last few days, me , Vikas Arya and Radhika nakka was experimenting on a SAR system.
And finally made this RSV line...programed by Radhika nakka.

I will up-load this RSV chart...in trading hour also...







All charts and levels are for my own trading purpose, targets,supports,resistance. Others can use it for educational purpose.