Wednesday, March 9, 2011

India Futures showing momentum: Resistance nearby

Nifty and Bank Nifty futures are still in buy mode on daily charts. The indices are covering the losses intraday.

The resistances though are very close so that can decide that will they turn back from 5600 and 11100 levels or close above them.

The daily bollinger bands are still flat so can expect some more range trading here.




No comments:

Post a Comment