In above 5 Min chart Nifty Future has taken a good support and a falling wedge pattern seen.But confirmation of bullish comes only on close above 3250. If we close above 3250 then we may have a 600 point rally. But weekly close is well below 3216. Friday’s close tells us that still some new lows left. Mixed trading cues. Today’s close may give a direction.
Major Resistance at 3216 / 3312 / 3387 / 3470.
Major supports at 3018 / 2900 /2780 / 2702 / 2645.
Monday, October 20, 2008
# Nifty Future for 20/10/2008 updated
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