Monday, December 30, 2013

Nifty Chart

Nifty Trade Support 6308-6291 Resistance 6325-6331
Nifty Trend Support 6274-6262 Resistance 6343-6355

One more sideways with +ve bias day.  Second half may be
for negative side move.  38.2% of 5972-6415 @ 6246
coincide with Trend line from 5700.

Nifty Exactly bounced from 61.8% of 5972-6345 up to
23.6%.   Now almost double TOP at 6325

FRIDAYS prediction : "Short covering only above 6325"
EXACT high 6324.9.

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