Wednesday, January 08, 2014

Nifty Chart

Nifty Trade Support 6141-6136 Resistance 6227-6231
Nifty Trend Support 6067-6060 Resistance 6255-6259

Yesterdays LEVEL Nifty Trend Support 6141-6136
EXACTLY low 6144 [with bull gap of 3 points]

Elliott Wave target line around 6142 and
 38.2% of 5700-6415 is at 6142 Strong support for trend change.

23.6% of 6415-5118 is at 6109 [next support below 6141]

Almost oscillators and trend indicators are at OSZ in daily chart.
So bounce back up to negative breakout trend line, wait and watch
for short entry, once it fails to close above 6250.


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