May 14, 2013

NIFTY Chart update


  • Immediate support levels for nifty is the 23.6% Fib level and 100 Hour SMA shown in chart 2.
  • If this fall extends then the target zone could be the 38.2% Fib level and 100 Day SMA area. Another support is possible at 20 Week SMA at 5870.
  • RELIANCE INDUSTRIES CHART ANALYSIS
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