Nifty Chart
Nifty Trend Support 6279-6274 Resistance 6349-6356
Hourly Candle analysis Bullish HARAMI
Daily candle Small black candle
Negative breakout confirmation will issue new high, Lower
top trend line at 6342 and 23.6% of 5972-6415 is at 6310
Nifty closed above that is +ve fact. But highly over bought
Zone in hourly chart should be for gap down. Once negative
opening then 30-40 points down side is possible, that means
up to trend support. So second half will recover from there.
38.2% of 5972-6415 is at day before support 6240
I mentioned Nifty Trade S 6246-6235 R 6283-6290 on
20th Jan 2014. EXACTLY low at 6243.
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