December 16, 2011

Nifty intraday Update

  • Positive divergence discussed yesterday has given a bounce.
  • Now price has to sustain above 4840 - 4866 level which has acted as support resistance in the recent past.
  • Sustaining above the 4840 - 4866 level may extend this up move.
  • Failure to move above 4840 level will be negative for bulls.
  • NIFTY INTRADAY LIVE CHART
By at

2 comments:

  1. ChintanDecember 16, 2011 at 12:20 PM

    Any update after policy declaration ?

    ReplyDelete
  2. SanDecember 16, 2011 at 1:05 PM

    @Chintan
    Breaking above day high may lead to the resistance level mentioned in the post.

    ReplyDelete

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