February 6, 2013

Nifty Future for 7th Feb 2013

Another Balanced,Low range day today.

=> NF rotated in previous day's range.

=> Only Difference is yesterday closed @ PVP and Today it Closed at lower side of Range after trying Range  
      Extension on upside.

=> So 2 days its Rotating below 6000 Level.

=> As NF is showing one or two days Balance leading to Imbalance, and After 2 consecutive Balanced days,
      there is possibility of Vertical move tomorrow or Friday.

Good Trade Opportunity will emerge only after break of this balance zone.

1) It may Continue Move Down , n vertical move on downside.

2) or It may move back inside earlier balance zones on daily structure. i.e. above 6000

Lets see how it opens n develops tomorrow.
But so far, bias is  on Downside.


P.S...There was not a single Algo bar today, so we have no ref level today based on it.

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