Nifty

17th May 2013

Position - NIL

Nifty Trade Support Range 6150-6143

                   Resistance Range 6180-6187

Nifty Trend Support Range 6110-6105

                   Resistance Range 6235-6240

Technical Details :

127.2% of swing 5477-5911 is @ 6108

Previous TOP 6111

Swing High  6114

Double Top 6110-6115 , matched with 127.2% , we took 6113 as Trend change resistance , Exactly from there nifty is coming down. Wait and watch for entry on both side. Closed above 6110, so if nifty hold 6110 then possible to touch the historical lower tops trend line 6330+

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