NIFTY FUTURES

VERY VERY VERY IMPORTANT

KINDLY NOTE THIS DOWN ON A PIECE OF PAPER.

""""WE WANT A CONFIRMATION WHETHER THIS UPTREND WILL LAST FOR LONG OR IS THIS RISE IN NIFTY FUTURES IS A TEMPORARY PULL BACK???????"""""

THE REASONING FOR THE SAME IS MENTIONED BELOW. KINDLY NOTE IT DOWN, IT IS FOR THE NEAR TERM.

NIFTY FUTURES HAS NOW ENTERED “AN AREA OF CONGESTION”

AREA OF CONGESTION:- IT IS SAID BY THE DOW ANALYSTS THAT WHENEVER A PARTICULAR STOCK OR INDEX HAS A CLUSTER OF RESISTANCE’S ABOVE IT, IT IS NEARING AN “AREA OF CONGESTION”

FOR TODAY NIFTY FUTURES HAS 4 MAJOR RESISTANCES ABOVE IT, THEY ARE 4262/4269 & 4284 & 4293.90 & 4305

AMONG ALL THIS RESISTANCES THE 4269 & 4293.90 ARE THE CRUCIAL ONES.

"""""NIFTY FUTURES WILL HAVE AN UPTREND ONLY IF IT SUSTAINS & CLOSES ABOVE 4269 - 4294 OR ELSE THIS UPTREND CAN WITNESS A REVERSAL ON THE DOWNSIDE"""""

A MINIMUM CLOSE ABOVE 4262 IS A MUST SO THAT THE IMMEDIATE BOTTOM OF 3906 IS CONFIRMED AS A SUPPORT FOR THE NEAR TERM.

DO NOT TAKE THIS LIGHTLY, IT IS VERY IMPORTANT.