December 6, 2015

Nifty bear flag and support levels

  • Nifty daily shows crucial support around 7700 levels. Daily is falling from a bearish flag pattern if the above mentioned level does not act as support this pattern may target 7500 levels.
  • Month chart shows a topping pattern. Things will remain bearish till price stay below the falling resistance line. 7539 is crucial number in Month chart.