Nifty RoadMap 19/09/11

Nifty Future September series :

Nifty Mp4 Nifty Roadmap 19/09/11

Perspective : The market is moving largely within the 4910 to 5170 range all through this series.5030- 5050 has been the center around which the next 100 points have come about.Trading is very emotional at the moment dominated by news flow which has taken the market up and down 50-70 points randomly. We continue to wait for the bracket to resolve.

Back Ground : Bracket between 4910- 5170

Chart Speak :

1) The day was auctioned at the previous HVN of 5118
2) Support at 4975 barely held, but the seller was prominent above in the previous sell zone
3) Visible selling prints at the top of Friday’s profile
4) 5015- 5037 will be watched for signs of buyers

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