Nifty Hourly shows a short term negative trend formation with intermediate support near 2620-2650 with respect to the time(remember it may vary with time).
Be cautious if nifty drops below 2620. Also have an eye on Yen as it is trading near 14 years low CMP : 88.2 . Possibly Yen carry trade could happen on monday
Related Readings and Observations
Nifty Open Interest lookup March series and 90 min Charts for 23 March Trading Nifty Open Interest Charts, Nifty and Bank Nifty 90 min Charts updated as on 22 Mar 2011- Nifty and Bank Nifty 90 min charts for 3rd April 2012 Trading Nifty(Spot) and Bank Nifty(Spot) turn to buy mode on the 90 min charts last friday with cloud supports coming near 5202 and 10014 respectively. The 200MA could offer resistance on the 90 […]
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