Friday, May 2, 2014

Update

Holding above 6760 EOD will be good for Nifty Future

Update on Nifty Future

Weakness persists in the Market. Nifty Future Remains Weak below 6760 for the week.

Update on Nifty Spot

Holding the last low and bias change will keep the diametric still valid for g-leg up and Maximum Target now may be revised to about 6950.  If we break the Wednesday low it could mean that diametric have ended in g-leg failure and would have further downside. It will be important to cross 6780 quickly for Nifty Spot.