Monday, May 23, 2016

Nifty Chart

Daily Chart issue

Negative Breakout resistance at     7896
Short Term Trend Line resistance  7789
Positive Breakout Trend Support    7672

Hourly Chart issue

Swing 7940-7678's - 78.6% @ 7734
Trend Line support at 7730
So support Range 7734-7727

Negative breakout Trendline support 7670
61.8% of the same swing at -7778
So resistance range 7760-7778

Expected good bounce back above 7790 only
Support and resistance ranges from Hourly chart only for INTRA.

Daily chart S and R for positional.

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