February 1, 2011

Nifty support lines

  • First chart shows a possible retest of 200 DMA only if 5500 holds.
  • Price trading below 5490 and 5470 will favour bears again.
  • Next two charts shows nifty at important points. If gets support from here we may see an up move according to the line charts.
  • RELIANCE INDUSTRIES SUPPORT LEVELS

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