December 21, 2011

Nifty intraday Update

CHART-II
  • 4639 Level may act as support now.
CHART-I
  • Nifty hour moving in channels.
  • Price has to move out of the current descending channel and form an ascending one for an up move to begin. 4640 Is an important level price has to close the day above this level for the momentum to sustain.

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