May 4, 2012

NIFTY Intraday chart updated

CHART-II
  • Price sustaining below 5135 will favor bears to extend the fall.
  • Weekly and daily close below 5135 will strengthen  bears.  For bulls an intraday up move to close above 5150 levels may save them from  bigger fall.
CHART-I
  • One hour chart shows price near the falling support line.
  • Four hour chart shows price below the cloud and near the crucial low of 5135. For a trending down move to happen nifty must sustain below 5135.



No comments:

Post a Comment