February 17, 2012

NIFTY Resistance levels

  • Monthly broken support line and Golden ratio is showing a possible resistance level between 5640 - 5660 level.
  • Volume bars shows the last two day's candles above the range with the highest volume in recent times. Price breaking below this range will panic the new buyers. If price continue to stay above the range the new volume will help price to move up further.
  • S&P 500 EOD ANALYSIS
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1 comment:

  1. SHIBUFebruary 17, 2012 at 11:07 AM

    NICE ANALYSIS
    http://niftychartsandpatterns.blogspot.in/

    ReplyDelete

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