iCharts Discussions

[rameshraja]

The Nifty Futures, yesterday was in a tight range in most part of the session around 4315 level and finally took off in the last one hour trade to the high of 4359.75. Just last two days to close for this month series settlement, I wonder if technicals will really be honoured. I give below the levels for trading in Nifty futures for 27.08.2008.


NF Crossing 4379 long with SL at 4362 for TGTs of 4405 - 4421 - 4447 - 4469 - 4490.

After crossing 4379 if SL is takenout, then downside TGT will be 4340 - 4318 - 4305.


NF Breaking 4295 it should fall to 4270 - 4254 - 4229 - 4207 - 4187

After breaking 4295 if it crosses 4312 then it will moveup to 4340 - 4360.


Nifty futures visible Resistance and Support is 4365 - 4305


I have given above the logical way to approach the trading with levels according to my view, and this should help traders apart from their technical study.


Best Wishes


C T RAMESH RAJA

[nitinak]

Respected RR Sir,

It is very nice to read your views on Nifty. I think it will be very very helpful to the Ichart user people.

Thank you RR Sir.

With Warm Regards,

Nitin Kaklotar
Surat.