As said in my previous post its a dead cat bounce. Yesterday we moved up with a good volumes. If anybody long can book profit at 4850 levels. We may see stiff resistance at 4863. If breaks up with volumes and holds for 5/10 min then next target is 4918 - 4925 range.
Negative divergence seen in 5 min Chart, so with minimum risk ( 13 Points ) one can short near 4850 range with strict SL as 4863.
Our downside target 4400 is Intact.
Friday, November 6, 2009
# NIFTY FUTURE for 6/11/2009 Updated.
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