Nifty Road Map 18/07/2011
Nifty Future chart July Series : Perspective : This market is clearly balancing with short volatile moves last week in either direction failing to resolve the impasse. Back Ground :On Friday, we spoke about “5584-90 zone as a pivot for the day’s trading around which a move to 5636 or 5547/ 5531 can take place” […]
Nifty Longer term
– Nifty is stuck between 3 prominent POC’s (marked as stars)– Clear buying tail visible at 5440– close above 5724 will be bullish and can bring 5855/ 5985– acceptance and close in the balance zone will halt the downside.