Thursday, October 24, 2013

Nifty chart

Position : Long

Nifty Trade Support 6166-6153 Resistance 6211-6228
Nifty Trend Support 6130-6126 Resistance 6254-6266

Closing basis support 6090
Closing basis resistance 6228

Risk takers holds 25% only with sl 6090

OBZ breakout with negative divergence in daily and hourly chart will issue
some profit booking.  Fresh short covering only above 6228 for the trend
resistance.  closing above 6228 will co firm the next target 6338

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