Friday, January 31, 2014

Nifty Chart

Nifty Trade support 6030-6026 resistance 6108-6113
Nifty Trend support 5972-5966 resistance 6141-6148

61.8% of swing 5972-6415 @ 6141 Negative Breakout TL at 6148, So
very strong resistance again lower top around there.  Double Bottom
Support 6030-6026.  Lower top resistance trend line support @ 6018-6015
Resistance lower tops at 6280-6300.

+ve divergence in RSI and MACD in hourly chart provided
short term buyers for the target 6148-6160 max.

Above that Short covering upto lower top trend line 6280.


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