Wednesday, September 18, 2013

Nifty Chart

Position Nil

Nifty trade support 5805-5788 Resistance 5888-5890
Nifty trend support 5788-5780 resistance 5980-6007

Consolidation is going on within the range of 5950-5800.  So be cautious on
PUT and CALLS for this month.  Either side breakout will issue some
vigorous move for 200-250 points.   Booth side holders be cautious with
strict stop loss.

Nifty took a resistance exactly 5950 on Monday as per prediction.  Oscillators
almost reached OBZ.  so either consolidation or down side breakout is possible.



Print this post

No comments: