Monday, December 20, 2010

Fibonnaci [20-12-2010]

Nifty Trade Support level 5924-5917, resistance 5956-5963
Nifty Trend Support level 5894-5888, resistance 5994-6000
CASH NIFTY Analysis : NIFTY CHART 
Todays closing CASH NIFTY level is very important, consecutive 
close above 5963 for two days then minimum target 6060-6090, 
Expected short covering above this level.  This Triangle formation
is bullish,  But cluster of resistance are there. so wait and watch 
the closing level for further action.

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