January 24, 2012

Nifty intraday Update

  • Nifty daily chart shows price entering the crucial level between golden ratio and 78.6% Fib level.
  • Closing the day above 5099 will help bulls to extend the rally towards 78.6%
  • 5150 - 5165 is a possible resistance level as shown in 2nd chart which bulls need to close above.


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