Update for 9th June 2011

     Market Losing Ground Again !

Nifty future and major indices closed in the neutral momentum territory as on yesterday. Yesterday's trading was also denoted by an inside day candle in the daily charts. Now, it seems that the market is starting to lose ground again as the low of the inside day candle is broken by the Nifty future. If no recovery is ensuing in the short term, especially from the minor support around the 5480 levels, Nifty future may revisit the lower end of old trading channel.

     Nifty Futures - Intra-day Chart  

  Nifty Futures  - Daily Chart 

Update for 8th June 2011

    Market at Crossroads Again !

Nifty future has so far retained some of the recent positive momentum. However, the Nifty index as well as the BSE Sensex has already gone back in to the neutral momentum zone as on Tuesday's close. Any further weakness in the international markets may hamper the present positive move.

     Nifty Futures - Intra-day Chart 

  Nifty Futures  - Daily Chart