July 26, 2011

NIFTY Support and Resistance levels

  • Immediate support for nifty is at 5660 level as shown in the Fibonacci chart. Price falling below it will be negative.
  • Important support is the 20 week moving average which is at 5610 level.
  • Resistance for nifty to close above is 5740.
  • So the range to look for today is 5660 -  5740 price falling either side will show strength and weakness.
  • THE SILVER CHANNEL
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