February 25, 2013

NIFTY Support levels


  • Price at 100 Day SMA and 50% Fibonacci level.
  • Daily chart is also near the neckline of a Head and shoulders pattern.
  • So the above mentioned level may act as support level for a bounce. For the pattern on a successful breakdown should give about 130 points on the down side.
  • JP ASSOCIATES CHART ANALYSIS
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