December 7, 2012

NIFTY Fib fan and Support levels

 
 
  • Nifty Fib fan shows price hitting 78.6% Fib line. A bigger up move possible on trading above this line.
  • Yesterday's Dip was saved by 5 Day Low EMA.
  • Last chart shows the level below which nifty may turn weak. Weekly RSI is at overbought zone which will favor bears ONLY if price starts to trade below 5815 levels.
  • BANK NIFTY LIVE CHART WITH AUTO REFRESH

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