April 6, 2015

NIFTY futures intraday chart

- previous trend from last week was up
- first bar of the day had bearish implications
- but there was no break of any swing low nor support at 8605
- first buy signal around 10.20 am but this can be ignored
- second buy signal around 1 pm.. this was tradable only because of good support at 8605 F
- trailing SL increased to 8650 and then 8670 F

In contrast to nifty, bank nifty futures did not cross the first bar high.

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