Friday, April 25, 2014

Nifty Chart


Nifty Trade Support 6823-6819 Resistance 6859-6863
Nifty Trend Support 6767-6761 Resistance 6888-6890

Cluster of support 6820-6790-6760

First very short term upper bottom support @ 6820, below that
positive breakout support @ 6790 and Long term support @ 6760.
Below 6760 then possible for 6325

Keep eye on 6760 as major support for all longs on closing basis.

-ve divergence in oscillator will issue some profit booking with sideways
move for 2-3 days.  Week end ahead, so be dilute on positions below 6760






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