Update for 10th February 2011
The Day of Capitulation Over ?
* Nifty futures opened flat on Wednesday and for most of the morning session, the futures contract tried to recover.
* However, the Nifty contracts kept on trading flat on the back of some strength seen in some of the index heavy weights. All attempts to trade higher ended below the previously indicated minor resistance of 5350.
* However, the so called popular trading shares or midcaps kept on falling heavily, even in the morning session.
* Nifty futures also joined the capitulation of the midcaps in the afternoon session. Nifty contracts fell to the lower minor support of 5225. However, Nifty futures recovered from the low to close at 5284 for the day.
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From: http://ping.fm/f4RIL
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