October 20, 2015

NIFTY futures intraday charts

- yesterday was a tight trading range and nifty opened within that range
- resistance seen around previous day's highs
- 2 boxes drawn show short trade areas
- in reality, trading not recommended because of trend being up and ranges becoming small
- break of previous day's low attracted fresh buying

On hourly charts, trend is still up with reversal level around 8150 F.

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