Re: Swing Trading for Nifty Futures
06/08/2012 Monday
Hi all,
Today's range is again very short to give any forecast, but today's open gap rally has taken NF in OB zone and near our target of 5313.
Although my target is still 300 point higher from here, we may see some consolidations or some down drifts but all in all the rally is here for some more time as weekly and monthly indicators are still rising. So every fall will find buyers at already mentioned lower levels.
The levels above 5313 are. 5333, 5352, 5372, 5391, 5411, 5430, 5450 and 5469 The bold one's are important levels.
Be careful as we are near our previous swing top of 5364 from where NF fell to 5034 and 5341 is our 61.8 Fib ratio.
Bye