April 10, 2013

NIFTY Chart update

  • Nifty channel in line chart shows price falling towards the parallel support line.
  • Price may give a bounce due to support levels or oversold conditions. Up moves  are likely to face selling pressure as the bearish trend looks strong.
  • 50% Fib level shown in last chart is next support area if correction extends.


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  2. @san
    Thank you for the all the great work
    Heartly congratulations on 3rd anniversary of the blog

  3. @Madhav
    Thanks for reminding it. I forgot the day (7th April). Unable to concentrate too much on blog these day's because of Intraday trading in NSE and MCX.