It's finding support from the High volume node of the profile dated 17th Jan from where it had launched off to 11280.
If this level gives way then there is a 100 point fall ahead at the minimum.
Meanwhile here is a chart of recent OF action :
Friday, January 28, 2011
Bank Nifty Hesitates ( Intra action )
Whilst a lot of us are pertubed about the movement of the Bank Nifty future and the fact that it is not making new lows along side the Nifty, here's a chart which explains ..
It's finding support from the High volume node of the profile dated 17th Jan from where it had launched off to 11280.
If this level gives way then there is a 100 point fall ahead at the minimum.
Meanwhile here is a chart of recent OF action :
It's finding support from the High volume node of the profile dated 17th Jan from where it had launched off to 11280.
If this level gives way then there is a 100 point fall ahead at the minimum.
Meanwhile here is a chart of recent OF action :
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2 comments:
Just logged on after coming back from office.
There are only 3 charts that are worth watching.
1. INP India ETF - down 4% (http://www.google.com/finance?q=NYSE:INP)
2. CBOE VIX - Up 22%(http://www.marketwatch.com/investing/index/vix)
3. NASDAQ 100 Futures hourly chart - down 3% (http://www.finviz.com/futures_charts.ashx?t=NQ&p=h1)
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