August 5, 2013
- Nifty line chart shows price nearing crucial up trend line.
- Weekly fib levels shows price moving towards 38.2% Fib level which has acted as crucial support resistance level in the past
- 2nd chart shows price contraction in a triangle like pattern. This chart shows immediate support line which has to be held to avoid further falls. Down trend looks strong and the chances of this line taking support looks slim as of now.