Friday, January 22, 2016

Nifty Chart

Previous analysis issued for the target 7222
[actual low 7241]

Now actual negative breakout line with lower tops
coincide at the point 7321-7333

Expected bounce back only above 7350 on closing basis
with short covering

Cluster of resistance 

Highly OSZ issue some panic selling.
+ve divergence in RSI halt with sideways
and -ve bias.

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