- Daily chart is nearing the up trend line.
- Crucial support levels are the rising 20 day SMA, 23.6% Fib level and price support zone at 12870
- Like in nifty this fall is happening after Bearish engulfing and Negative divergence. A bigger fall will happen if the above mentioned supports are not held.
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ReplyDeleteNIFTY 22-May-2013
Current Market Situation :
NIFTY current close : 6094
NIFTY resistance level : 6158
NIFTY support level : 5912
NIFTY sentiment : positive
NIFTY dominant cycle period : 13 days
Levels Tomorrow :
NIFTY intraday resistance 1 : 6120
NIFTY intraday resistance 2 : 6149
NIFTY intraday resistance 3 : 6192
NIFTY intraday support 1 : 6069
NIFTY intraday support 2 : 6040
NIFTY intraday support 3 : 5997
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