Tuesday, January 07, 2014

Nifty Chart

Nifty Trade Support 6170-6150 Resistance 6227-6234
Nifty Trend Support 6141-6136 Resistance 6250-6256

Yesterdays prediction "Nifty Trend Support 6171-6150"
EXACT low 6170, and BEAR gap of 9 points from resistance.

Below Trend support nifty will touch 6070-6060.

Short term trend line coincide with +ve breakout trend line
very strong resistance at Trade resistance. So, +ve only
above Trade resistance up to Trend resistance.  Above
Trend resistance expected short covering.  Highly oversold
in hourly chart with lower tops in daily chart.  EVERY RISE

Confirmation will be required to go for short.

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