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Wednesday, February 29, 2012

Nifty HnS ( chances of 5238 )

First this chart in 10min TF.

Vipani expects 5238 ::

These FREAK trades occured 2 times last year . And both of times Nifty touched the figure. So expect 5263 in Nifty futures.
Gold and crude sold hard yesterday . Not good for other asset classes too.

Also high premium although it got decreased yesterday a bit. 5 hour charts are looking bearish . And looks like my analog will work and nifty Futures will hit the lower daily bolinger band.

So changing my views from yesterday. We will go long once nifty is 5240 area.

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