June 13, 2011

NIFTY Intraday Update

  • Nifty Hour chart with fib levels for the rise from 5339 - 5604
  • Price is near the golden ratio. So the next big down move only if price sustains below 5333.
  • If this level gives support and moves past 5466 we may see 5500 level.
  • Below 5433 price may touch 5387.

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