Today’s bounce back or rally was totally one sided.
Nifty Future up-move continued without any intraday resistance.
Start from 11331.35(day’s low) this instrument rallied till 11468.
After five days correction, Nifty Future reversing for last two
days.
Tomorrow is vital for the move, because at third day of rally we
have to look is there are any changes of momentum or not.
Serious traders or market watchers have point out that there was no
so called small intraday correction of last two days rally.
If tomorrow Nifty Future takes reversal, then price fall will be
same as this rally.
Possibly there will be no intraday bounce-back.
Vital resistance of Nifty Future is 11533/11538.
If the index cross this level then may touch 11590 maximum.
On the down side below 11202 (recent low) Nifty Future may take
upport at 11045.25 (but not intraday)
