On evaluating the chart of NIFTY FUTURES in hourly time frame, we see that the upside is restricted in the Index and rupees again showing weakness in the past two sessions can bring back it to it down sloping channel, further we estimated that the Indices will be trade in the range bound manner and more downside can be seen if Rupee depreciate on regular intervals. In future hourly chart, it again showing that its now trading like inverted cup and handle formation. Any upmove can be seen if it breaches the level of 11125 levels for 100 more points.
Trade active:
Nifty finally started showing weakness on these levels...... lets see what happened.
Order cancelled:
Buy signal generated.... and given today.