Wednesday, June 19, 2013

In Session Nifty Observation –Retraced by 50 %


Some Nifty Fut Observations:-

  • As the chart shows Nifty fut is Retraced at 50% from Yesterday’s High and given bounce from Exactly Near 50% retracement.


  • Now if Nifty able to break today’s high and sustain above it for 10-15 min’s then Nifty Fut can run towards of 5880-5907 can be expected.


  • Where as on the downside 61.8 % retracement level can be watched for major SUPPORT area which is 5759 at present.

Another Chart Below show One more Retracement Idea:-


Chart above itself is self explanatory:-

  • It shows that NIFTY FUT has retraced till 38.2% of the Fall from 5867 to 5776 which is around 5811 and after making 38% selling pressure came and it again came down.


  • Now here also we have to watch keenly 61.8 % of the Fall which is 5832 at present which if taken out decisively then NIfty Fut can march towards 5880-5907 levels.

For Further Reading,
Nifty Levels/View, Nifty Technicals


Post a Comment

Your Comments and Few words helps me in DOING BETTER WORK.



Popular Posts

Latest From TraderAdda

McAfee SECURE sites help keep you safe from identity theft, credit card fraud, spyware, spam, viruses and online scams

Man Behind TraderAdda

, a Graduate in Science is a part time blogger and Full Time Professional Trader from India.

At TraderAdda he writes about Trading Systems, Amibroker Indicators and AFLs, Trading Ebooks, Trading Resources, Nifty Intraday Levels, Nifty Positional View, and many more other Trading Resources.

His area of interest are Technical Analysis, Developing Trading Strategies, Blogging, Gadgets and Reading.

Hope you will find TraderAdda useful. Your comments/Suggestions/Feedback
is important for us.

Join me for Regular Updates on Twitter

Total Pageviews

Protected Site- Do not Copy