Monday, March 10, 2014

Nifty Chart

Nifty Trade Support 6510-6506 Resistance 6546-6553
Nifty Trend Support 6475-6470 Resistance 6620-6624

127.2% of 4531-6111 swing at 6541
127.2% of 4531-6229 swing at 6690
161.8% of 4531-5629 swing at 6313


Strong Higher tops resistance at 6550 and 
127.2% of 4531-6111 swing at 6541
So Strong resistance at trend resistance.
Swing's re-tracement from Trend resistance is healthy for further move

First time Nifty closed above the previous higher tops
resistance with volume and highly OBZ should be for
sideways with negative bias.




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