July 17, 2013

NIFTY Support and Resistance levels

 
  • Crucial support for nifty today at 50 Day SMA and 23.6% Fib level.
  • The area between Golden ratio and 78.6% Fib level will act as resistance for bulls. Many reversals have happened from this area in the past.
  • Weakness on day closing below 50 Day SMA. Strength above 5980.



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