The Hourly Chart of NIFTY Spot is shown here. You can see at “C”, that is near 5300, NIFTY is forming a congestion region. A breakout or breakdown will decide the next weekly direction. A breakdown from “C” can take NIFTY to 5150 region and 5050 thereafter. The First Symptom of which will be a Close below 5274 by 10 AM on Monday.
On the other hand, a breakout of which can take NIFTY to 5400.
One important point to be noted is that on the daily scale too, NIFTY is hovering around a Volatility band. The Bottom point of which is at 5174, below which a sharp fall may result. This too matches with the above analysis of the Hourly chart.
As on the weekly close, all NIFTY signals of www.ftalarms.com are in the Bullish Mode, We are proud to say that in spite of all confusing statements, from all around, 2000 NN system has so far given a whopping 400 Points gain since the last LONG signal. This means a subscriber holding a Single Lot of Futures; stands to gain a clean hassle free Rs.20000 in Just 26 trading days. That is; the subscriber has nearly doubled the money blocked for the trade. What more you want from a reliably trading system. Thanks to www.ftalarms.com.
