Thursday, March 10, 2016

Nifty Chart

Very strong resistance [negative breakout line] in weekly chart.  7616-7637
With negative cross over in MACD and RSI.  7485 on closing basis holding
for the past 3 days.  29th Jan price break this line with bull volume.  But not
sustained above 3 days consecutively.  Now also analysis on weekly basis  also
issue the strong resistance here.  wait & watch who will win.

Trade support 7485-7469
Trend support 7411-7400

Trade resistance 7569-7577
Trend resistance 7617-7636

7699-7710 max bear levels above 7636
7227-7200 max bulls levels below 7400

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