December 2, 2011

NIFTY Four hour chart

NIFTY FIBONACCI LEVELS
CHART-II (UPDATE)
CHART-I
  • Price staying above 50 Period sma of this time frame will favor bulls.
  • First attempt to breakout above 200 period SMA faced resistance.
  • For bears price should stay below 200 period SMA, if a breakout happens a bigger up move is possible.

2 comments: