Tuesday, June 10, 2008

Nifty Future - Intraday - Do We Bounce from Here?

The ADX shows that although still in downtrend, the trend is weakening intraday. On the Nify future chart itself, we have a small intra-day double-bottom forming. The question to ask is at this point, do we see a intraday bounce? Will 4415 and 4400 hold, or will we crack through and slide further? Most likely case is a bounce.

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