Nifty Chart

Position : Nil 

Nifty Trade Support 5850-5843 Resistance 5885-5890
Nifty Trend Support 5800-5794 Resistance 5906-5914

Range bound market for the past 5 days.
close below 5850 immediate target 5765-5760

Technical Analysis :
1. 78.6% of the swing 6229-5477 is @  5637
2. Negative breakout triangle with the high 6229 and low 5870 with break
     even point of 6022 implies the target of 5663
3. So once nifty hold 5850 and raise up to 6050-6090, then fails to close
    above this level then target 5637-5663
4. E.W. target line around 5693.

So target may be around 5690-5630, wait and watch. [from jun 06th my target is same]

Print this post