December 28, 2010

Nifty Daily Analysis

  • Last chart shows resistance at 50% Fibonacci levels.
  • Next one shows 50 DMA resistance. Price not closed above it yet.
  • First chart shows a classic example of previous support turning into resistance.
  • So a close outside the range of 5975 - 6020 may give a clue to which side this is going to go.

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