Bull Arrested ? 

From low 4538 NF made rally up-to 5225 which was Major hurdle & Last Hurdle.

It was clearly indicated NF will not cross 5237 before correction.

Today NF made high @ 5190 and start sliding slowly and made low @ 5101.10 and close @ 5112.80.

Close below 5081 Then NF will Touch 4674.

Hurdle @ 5138.

Support @ 5081-5093.

Intraday Trade Below 5081 then  NF will will touch 5046.

Close below 5081 then NF will Touch 4950-4940 this week.

Note: 

January High is 5224.95 and low is 4592.

Until high price are crossed or low price Broken consider Trend up or down.

High Price made in January are often higher till July-August or entire year.

same low price made in January are often lower till July – August or entire year.


2 responses to “Nifty Future 31January 2012.”

  1. Vijay Avatar
    Vijay

    Hi, Previously January High is 5224.95, now it becomes 5234.00.
    Is there any change in ur view sir? i mean as per the chart does it gives any signal for uptrend?. still i am holding shorts.

  2. dipakmehta Avatar
    dipakmehta

    same question is mine i m also still hold in shorts position in nifty recl as per ur msg

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