Thursday, December 19, 2013

Nifty Chart

As per predicted day before yesterday [regardless
nothing to know about the RBI policy] bounced.

Exactly bounced from 61.8% of the swing 5972-6415.
Little hurdle to get 23.6% [6300+] at 6246.

Nifty Trade Support 6206-6200 Resistance 6263-6271
Nifty Trend Support 6163-6149 Resistance 6297-6306

This bounce will sustain only above 6325.  So profit booking
around 23.6% is a cautious action.


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