Nifty Chart
Nifty Trend Support 6306-01 Resistance 6415-21
Twice touched 78.6% of the swing 6415-6129 and failed to close above
That is why I wrote for the past 10 days in sideways market be
cautious on longs. Almost rounding top near the previous high.
1. Not all the stocks are positive in Nifty-50.
2. RBI policy on 28th Jan-2014.
3. Fed Meeting ahead
4. Gold and Silver duty cut.
5. USD INR fluctuation
6. Delhi election impacts.
7. Qtly. Results
8. Modi wave
All the above will impact on long term and short term
So, wait and watch for confirmation
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