March 22, 2013
- NIFTY Nearing 200 Day SMA.
- Price closed below 78.6% Fib level. Next support levels are 200 SMA and the Swing low of 5548.
- Weekly line chart also shows a support zone between 5564 - 5574. A weekly below this zone will favor bears to extend gains.
- TATA MOTORS CHART UPDATE
- GOLD Daily chart moving towards the daily cloud and Falling resistance line.
- 4 Hour chart is testing its recent swing High. Breakout above this level should lead to the resistance levels shown in daily time frame. For a bigger up move price must sustain above the daily cloud and falling resistance line.