Nifty Future chart July Series :
Perspective : The 5 day profile is developing into a bell with single prints at 5576 below and 5702 above.Yesterday’s profile was contained within the profile of 1/7 and a break of range or a test of the bracket extremes should be the next step in this sideways development.
Back Ground : The charts projected a 40 point range yesterday and though we were slightly off on the extremes, the day was random in nature.
Chart Speak :
1) Today’s key points are at 5665 above and 5631 below.
2) 5648 is important for day bias.
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