On the downside since there is higher bottom formation can look for support at 5650 and 10450 levels. Any break of that will be trigger bearishness as Daily charts are still in sell mode.
Wednesday, January 19, 2011
Nifty Bank Nifty futures 19 Jan
The hourly charts of the futures are in neutral mode. The opening was expected to be good but what matters for bullishness is the strength above y'days high of 5745 and 10700 levels as mentioned here.
On the downside since there is higher bottom formation can look for support at 5650 and 10450 levels. Any break of that will be trigger bearishness as Daily charts are still in sell mode.
On the downside since there is higher bottom formation can look for support at 5650 and 10450 levels. Any break of that will be trigger bearishness as Daily charts are still in sell mode.
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