February 16, 2011

NIFTY Daily analysis

  • Nifty has multiple resistance in daily chart.
  • Fib resistance of 38.2 at 5562
  • 200 dma and 20 dma. Price is already facing resistance at 20 dma.
  • Weekly chart is showing resistance at 5530

1 comment:

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    They have about 4 trade ideas at the end of the doc, and some nicely done Elliot on this one too.