Thursday, May 30, 2013

Nifty Analysis


Position : NIL

Expiry Day will be highly volatile.  Short covering will come after 6120, So short
Holders should maintain 6120 as a stop loss.  6080-6067 as support for intra day
and 6017-6008 as trend support, 6120-6125 as trading resistance and 6129-6137
as a trend resistance, Possibilities  to break higher side.

Technical : Lower tops Trend line coincide with Upper bottom Trend line
at 6114-6120.  38.2% of Swing 6229-5477 is at 5941, Nifty bounced from 5936


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