May 8, 2012

NIFTY Resistance levels



  • For a bigger breakout the declining channel shown in the last chart has to give a breakout on closing basis.
  • First chart shows the Fibonacci level of 23.6% and 38.2% levels as resistance. The area between these two levels will act as resistance.
  • Broken 200 SMA should be crossed first for continuing yesterday's turnaround attempt.

1 comment:

  1. How to keep position in buying if break down23% retectment level plz suggest me

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