January 11, 2013

NIFTY Intraday update


  • Nifty has closed one of the GAP's which was created during the current up move.
  • Sustaining below 5947 Nifty is likely to close the next GAP between 5963 - 5982.
  • Price may fall to the rising trend line shown in the last chart.
  • 200 Hour SMA of one hour time frame is also likely to act as support. A bigger fall if price closes below this line.
  • TCS CHART ANALYSIS
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