January 31, 2013

NIFTY Support levels

  • Price continue to move with the boundaries of the contraction pattern.
  • Support line, 20 Day SMA and 5 Day Low EMA are immediate support levels.
  • Crucial support shown in monthly chart is the 5 Month High EMA.
  • For bears need a close below 20 Day SMA and 5 Day Low EMA for a bigger correction to follow.





No comments:

Post a Comment