Wednesday, October 14, 2015

Nifty Chart

Chart indicates major support 8000, to get the target of I H&S.  Daily chart
oscillators are in  Over bought  zone, Hourly chart Oscillators are in Oversold.
Implies every rise there may be for some re-tracement profit booking.

Hourly negative divergence in RSI implies that chances to touch I H&S
neck line before up move towards target.

8156-8160 intra resistance
8100-80887 intra support

Positional support 8000
Positional Resistance 8256.

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