January 20, 2014

NIFTY in a trading range

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  • NIFTY Daily chart shows price in a trading range. Immediate levels are 6358 and 6129. 
  • Daily cloud is acting as support.
  • Price also testing 23.6% fib level. closing below this level should give a fall towards the range support or 38.2% fib level. 
  • Bigger fall only if price closes below the cloud.



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