Thursday, October 10, 2013

Nifty Chart

Nifty Trade Support 5977-5969 Resistance 6029-6037
Nifty Trend Support 5949-5936 Resistance 6145-6160

Closing basis support 5864-5850
Closing basis resistance 6145-6160

Expected Intra move is negative, close above Trade resistance
then immediate short covering for the target of Trend resistance
so be cautious on shorts, once close above Trade resistance


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