16 June 2014

NIFTY FUTURE REPORT AND CHART FOR JUNE,2014


  • While analyzing the Daily charts of “Nifty” We found the Nifty has crucial supports at 7450-7480 in spot.
  • Longs could be created in Nifty Spot at 7450-7480 levels with a SL of 7340 (Closing Basis) and Target of 7900.
  • The Risk-Reward ratio is very tempting for the trade.
  • 7450-7480 could be one of the many higher lows in this upward Journey of the Nifty.
Please refer to the chart below for understanding further technical setup  


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