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Thursday, February 9, 2012

NIFTY FUTURE LONG TERM VIEW ::: 6500 OR 4500 ??????

Above is the weekly chart of Nifty Future
Tomorrow is a crucial Day for Nifty Future
If it trades and closes above 5429 by this Friday or next
then U can See unexpected level by March/May end.
If it fails to close above 5429 then it acts as resistance for 2-3 months n the trend is reversed only below???
Above is the daily chart of Nifty Future 
RSI @ 77 Highly Overbought Zone
Since Jan 6th ,26 Trading Days, it never closed below 7DEMA
Today 7DEMA @ 5350 (Trend reversal point 1)
If NF closes below 5350 then Next Support at 200DEMA
200DEMA @ 5215(Trend reversal point 2)
For the bears to show their strength NF must close below 5180
Then only ALL The 4 Gaps From 4567 Can be covered,
If everything fine then below 4811 2 Continues Lower Circuits
March/April even 3800 Gap Can be filled


Our Weekly TGD indicates -20th Week will see UNEXPECTED level in Nifty Future !!-Save this line ,
First Time Today writing & Every week will reduce one week !
-If Everything goes Right then very soon will see NIFTY FUTURE crossing and kissing 5650-5700 level !!
 -Above 5215 level…………..Bull’s will have UPPERHAND ,OPEN CHALLENGE to anybody !!

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