Tuesday, July 09, 2013

Nifty Chart


Position : Nil [trailing sl hit 5800]

Nifty Trade Support 5781-5776 Resistance 5828-5833
Nifty Trend Support 5760-5756 Resistance 5859-5868

Closing basis Support 5750 [for 5680-5660]
Closing basis  Resistance 5850 [for 5933-5950]

Small +ve breakout 117 points with neck line of 5820 implies 
the target  5937.  Negative breakout trend line and upper top
trend line coincide with the target.

Profit booking must be best around 5920-5950.  
Wait and Watch for short from there


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