Thursday, October 21, 2010

Interesting moves.

Look at the attached chart…

 

How NIFTY is moving in tandem with DOW futures…

 

See the circled area and the rally seen..

 

Even the shape is so closely matching.

 

Now that the DOW futures 1 min chart has entered into sell mode. So… what is in store for NIFTY intraday

 

Note that it is an intraday chart and it can change at any time.

 The only purpose of this chart is to show you how NIFTY moves in tandem with DOW futures…

 

 

Disclaimer: The views expressed herein are to be used with your own discretion and neither analyst nor the publisher will be responsible for the outcome.

MASTERSTROKES